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The Power of Markets I

This opening module of the Power of Markets course covers the basic assumptions about market participants made by economists, the concept of opportunity cost, and the key determinants of supply and demand. We will then learn how to use the supply-demand framework to explain and predict market outcomes and to show how government policies affect those market outcomes. We will look at how quantity demanded and supplied respond to their key determinants in quantitative (elasticity) as well as qualitative terms. The last two weeks of the first module will investigate consumer behavior more closely and show how consumer choices are driven by the interplay of preferences and budget constraints. We will employ the consumer choice framework to examine investor choice as well as policies such as ObamaCare and school choice. Finally, we will also address the concept of how to distribute a given amount of goods across a society’s consumers in the most efficient manner.

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Rating 4.5★ based on 25 ratings
Length 5 weeks
Effort 3-5 hours/week
Starts Jul 10 (43 weeks ago)
Cost $49
From University of Rochester via Coursera
Instructor Mark Zupan
Download Videos On all desktop and mobile devices
Language English
Subjects Social Sciences Business
Tags Social Sciences Business Business Essentials Economics

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What people are saying

challeging taking into consideration

Also, the quizzes are excessively challeging taking into consideration that the only resource availble to students are the videos.

revise those basic economic

This course offers a lot of practice to revise those basic economic concepts.

went deep into obama-care

He went deep into Obama-care, education voucher systems, and other hot topics.

many things on demand

i understand many things on demand and supply and different curves .

lecture gives some examples

must be made available

To make this course more effective and to allow students to learn more effectivelly and get some learning objectives, more material besides the videos must be made available.

nice approach when talking

Examples given are very well explained, the professor is pretty clear and has a nice approach when talking.

education voucher systems

little bit confusing

This topic was a little bit confusing, but I could understand thanks to this .

other hot topics

provided in-depth understanding

quite articulate despite

In addition, the lecturer was quite articulate despite the highly technical concepts introduced and explained.

Careers

An overview of related careers and their average salaries in the US. Bars indicate income percentile.

Key holder/Guide $40k

Key Lab Technician $40k

Assistant Associate Key Holder Manager $48k

Imports Key Accounts $51k

Key Account Executive - Publix Manager $66k

Business Development Executive-Key Accounts $68k

Key Holder Consultant Manager $76k

Digital Key Account Executive Manager $80k

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Regional Key Account Executive - Healthcare Market $83k

Key Account Executive, Employee Benefits $91k

Retired Senior Key Account Executive Manager $127k

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Rating 4.5★ based on 25 ratings
Length 5 weeks
Effort 3-5 hours/week
Starts Jul 10 (43 weeks ago)
Cost $49
From University of Rochester via Coursera
Instructor Mark Zupan
Download Videos On all desktop and mobile devices
Language English
Subjects Social Sciences Business
Tags Social Sciences Business Business Essentials Economics

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