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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
766 個評分
172 個審閱

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....

熱門審閱

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.

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.

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26 - Firm Level Economics: Consumer and Producer Behavior 的 50 個評論(共 167 個)

創建者 Jai P

Aug 31, 2018

The sessions were made very interactive and easy to follow, especially because of the graphical story telling ability of the Professor. It is not just boring equations, but a lively interaction. Thanks Prof. Larry!

創建者 MCENROE N T E

Nov 12, 2018

easy understanding and in dept explanation

創建者 Ngo T P M

Nov 18, 2018

This course provides the fundamental knowledge about economy. I am satisfied with this course.

創建者 MT

Nov 17, 2018

excellent course

創建者 Iruansi I

Aug 04, 2018

It was very engaging and refreshing. I enjoyed the course.

創建者 Tran T U

Aug 06, 2018

Easy to understand!

創建者 Chrisabel B

Oct 14, 2018

Topic very well explained, additional content is very helpful and should be considered! Quiz and assignment challenging!

創建者 Omodiaogbe S

Feb 11, 2016

Great insights on the application of microeconomic theory to everyday decision-making. The application assignments makes the course more understandable.

創建者 Yu Y

Feb 24, 2018

A good introduction for many basic concepts on demand and supply. Nice teacher.

創建者 Fernando P

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.

創建者 Anurag P

Feb 21, 2016

good course to enroll in , will not disappoint you especially if you are new to economics , the instructor is very good and grading pattern is a lot of fun .not for economics major there is nothing in here for you folks ..

創建者 Rene J R A

Sep 19, 2016

Excellent intro to Firm Level Economics, great teacher.

創建者 Andrei S

Aug 09, 2017

Great course! I learned a lot about microeconomics.

創建者 Daniel T

Mar 25, 2016

Excellent course! High quality video/audio and it is organized very well.

創建者 Bruno A

Feb 13, 2018

Very good hints, examples and it can be applied to any firm.

創建者 Nehemaiah N

Mar 16, 2016

The concepts explained well and easy to understand.

創建者 Eliane D

Dec 06, 2017

it's was interesting.

創建者 Chris M

Oct 30, 2017

Badass

創建者 Tran V N T

Mar 14, 2016

I like this course

創建者 shubham p

Feb 08, 2016

Courses r very benificial but all courses are not freee

創建者 Colin F

Mar 21, 2017

worth your time and effort. some mathematical background required but professor Larry makes it very easy to understand the intuition behind the fo

創建者 M. L J

Mar 06, 2016

I thoroughly enjoyed Professor DeBrock's course. He did a fantastic job of illustrating important concepts without muddying the water with unnecessary jargon. I'm looking forward to continuing in the specialization with DeBrock at the helm. Thanks again!

創建者 Martin C

Feb 11, 2016

This is a great course! Gary teaches always with a smile on his face and with great everyday life examples! I loved it because it provides great insights for corporations or ventures by linking econ. theories to businesses. Thanks a lot! Great teacher!

創建者 Badrinath R

Feb 10, 2018

Excellent explanation of the basic concepts and good insight into the subject matter.

創建者 TANG F

Jun 11, 2016

Good lecture, good material, but the peer review part is sucks...