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Microeconomics

The Power of Markets

We make economics decisions every day: what to buy, whether to work or play, what to study. We respond to markets all the time: prices influence our decisions, markets signal where to put effort, they direct firms to produce certain goods over others. Economics is all around us. This course is an introduction to the microeconomic theory of markets: why we have them, how they work, what they accomplish. We will start with the concept of scarcity and how specialization according to comparative advantage helps us achieve more than we could alone. Next we model a marked using the tools of Supply and Demand and learn what well working markets accomplish and what their limit are. We end by exploring the impact of government intervention on perfect markets. Examples are taken from everyday life, from goods and services that we all purchase and use. We will apply the theory to current events and policy debates through weekly exercises. These will empower you to be an educated, critical thinker who can understand, analyze and evaluate market outcomes.

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University of Pennsylvania

Rating 3.8 based on 5 ratings
Length 6 weeks
Effort 5 weeks of study, 4-7 hours/week
Starts Mar 30 (7 days ago)
Cost $49
From University of Pennsylvania via Coursera
Instructor Rebecca Stein
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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questions were really good in one review

Some of the quiz questions were really good, I wish there had been more of these.

fewer but longer videos in one review

Fewer but longer videos would have been easier.

professor spoke too softly in one review

The professor spoke too softly.

way through remaining concepts in one review

The professor starts from first principles and derives her way through remaining concepts in a simple, yet elegant fashion.

derives her way in one review

few lectures seem in one review

It takes a little while to appreciate the methodology, and the first few lectures seem a bit boring, but it is well worth sticking through.

introductory microeconomics course in one review

This is a the first part of a introductory microeconomics course.

well worth sticking in one review

yet elegant fashion in one review

it takes in one review

bit boring in one review

little while in one review

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Professor and Head, Department of Economics $151k

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Coursera

&

University of Pennsylvania

Rating 3.8 based on 5 ratings
Length 6 weeks
Effort 5 weeks of study, 4-7 hours/week
Starts Mar 30 (7 days ago)
Cost $49
From University of Pennsylvania via Coursera
Instructor Rebecca Stein
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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