Online courses
Online
Regular fees: 42 - 67 EUR
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Instructor: Rebecca Stein. Enroll for free.
Instructor: Rebecca Stein
- 5 modules
- Gain insight into a topic and learn the fundamentals.
- 4.7 (1,638 reviews)
- 2 weeks to complete at 10 hours a week
- Flexible schedule; Learn at your own pace
- 95% Most learners liked this course
Skills you'll gain:
Resource Allocation, Economics, Market Analysis, Policy Analysis, Supply And Demand, Market Dynamics, Decision Making, Tax, Consumer Behaviour, Cost Benefit Analysis
Details to know
- Shareable certificate
- Add to your LinkedIn profile
- Assessments
- 18 assignments
- Taught in English
- 22 languages available
Course Modules:
- The Concept of Scarcity: 2 hours to complete
- Specialization & Trade: 1 hour to complete
- Supply and Demand: 3 hours to complete
- Understanding Markets: Elasticities, Market Surplus, Efficiency, and Equity: 3 hours to complete
- When Government Intervenes: 3 hours to complete
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 market using the tools of Supply and Demand and learn what well-working markets accomplish and what their limits 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, empowering you to be an educated, critical thinker who can understand, analyze, and evaluate market outcomes.
Instructor
Instructor ratings: 4.8 (313 ratings)
Rebecca Stein, University of Pennsylvania
3 Courses • 117,222 learners
Offered by
University of Pennsylvania
Recommended
- Microeconomics: Foundations and Insights
- Microeconomics: When Markets Fail
Course rating
1,638 reviews
5 stars: 79.42%
4 stars: 17.15%
3 stars: 2.62%
2 stars: 0.42%
1 star: 0.36%
