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返回到 Firm Level Economics: Consumer and Producer Behavior

學生對 伊利诺伊大学香槟分校 提供的 Firm Level Economics: Consumer and Producer Behavior 的評價和反饋

4.8
881 個評分
204 條評論

課程概述

All goods and services are subject to scarcity at some level. Scarcity means that society must develop some allocation mechanism – rules to determine who gets what. Over recorded history, these allocation rules were usually command based – the king or the emperor would decide. In contemporary times, most countries have turned to market based allocation systems. In markets, prices act as rationing devices, encouraging or discouraging production and encouraging or discouraging consumption in such a way as to find an equilibrium allocation of resources. We will construct demand curves to capture consumer behavior and supply curves to capture producer behavior. The resulting equilibrium price “rations” the scarce commodity. Markets are frequent targets of government intervention. This intervention can be direct control of prices or it could be indirect price pressure through the imposition of taxes or subsidies. Both forms of intervention are impacted by elasticity of demand. After this course, you will be able to: • Describe consumer behavior as captured by the demand curve. • Describe producer behavior as captured by the supply curve. • Explain equilibrium in a market. • Explain the impact of taxes and price controls on market equilibrium. • Explain elasticity of demand. • Describe cost theory and how firms optimize given the constraints of their own costs and an exogenously given price. This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu....

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FP

May 13, 2017

In the beginning I thought this was going to be a very basic course, but the way the professor explained the topics really make it interesting a practical, going beyond the classical economic theory.

KS

Sep 12, 2019

This was awesome. I did not know Firm Level Economics when I joined this course. The explanations were simple and Prof DeBrock explained really difficult concepts in a very easy to understand manner.

篩選依據:

126 - Firm Level Economics: Consumer and Producer Behavior 的 150 個評論(共 198 個)

創建者 Viral S

Sep 09, 2019

Excellent framework

創建者 Tran T U

Aug 06, 2018

Easy to understand!

創建者 Tiberiu I

Jun 28, 2016

I love the teacher!

創建者 HERNAN M

Jan 31, 2019

Awesome. Learning.

創建者 Aziz M P

Jan 24, 2018

Well taught course

創建者 Tran V N T

Mar 14, 2016

I like this course

創建者 Ryan W C

Feb 10, 2020

Superb professor.

創建者 Xin L

Feb 04, 2020

Wonderful course.

創建者 SURYA S B

Sep 15, 2019

excellent content

創建者 Frank A

Sep 07, 2019

Excellent course!

創建者 Linda M

Aug 07, 2017

Excellent course!

創建者 Pierre L

Oct 18, 2016

Excellent course.

創建者 Russell

Feb 10, 2020

Very good course

創建者 Anthony C j

Sep 16, 2019

Loved the class!

創建者 MT

Nov 17, 2018

excellent course

創建者 Libor T

Apr 04, 2017

good recolection

創建者 Keith M K

Nov 15, 2016

Great instructor

創建者 Christopher C

Jun 01, 2016

Very well done!

創建者 krishnath s

Feb 15, 2020

Great course !

創建者 Karthik S J

Jan 24, 2020

Great lectures

創建者 王越阳

May 25, 2017

nice professor

創建者 Emiliano A

Feb 18, 2020

Great course!

創建者 Artem A

Sep 06, 2019

Great course!

創建者 Meena G

Feb 05, 2019

Great course!

創建者 Luis R A

Mar 14, 2017

Great course!