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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

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:

51 - Firm Level Economics: Consumer and Producer Behavior 的 75 個評論(共 167 個)

創建者 Nikolaos P

Mar 04, 2018

Great Course

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 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 Subrat G

Feb 15, 2017

V

創建者 Gang M

Feb 07, 2018

This is a great course, and I highly recommend it.

創建者 Tiberiu I

Jun 28, 2016

I love the teacher!

創建者 Ho T Y V

May 10, 2017

Really useful for me

創建者 Adler J

Dec 02, 2017

G

創建者 Steven v d M

Nov 05, 2017

What a great lecturer! Provides a perfect introduction for any beginner into Economics

創建者 Crismely P

Feb 06, 2016

I truly enjoy this course because I am using the knowledge I acquire during the lectures and applying it to complete assignments instead on relying on quizzes along to gauge my understanding. The assignments are based on real world examples.

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 Aninda B

May 02, 2016

Loved it throughout! If you have an introductory background of algebra and differential calculus, you will love this even more. Professor really knows his job, and he is doing great. Thumbs up! Thank you very much professor.

創建者 sudindra

Jun 12, 2017

good

創建者 Vusal T K

Feb 07, 2016

Professor is great at explaining complex notions. Very well structured!

創建者 Rakesh M S

Aug 23, 2017

Excellent course and very well explained every basic economic concept with real examples.

Thanks a lot Professor for allowing me to audit this course, wishing you a great success ahead!!

創建者 WANG Y

Oct 23, 2017

I like the teacher, compare with the teachers in china, he has more infectious. I learn lots from this course

創建者 Emmanouil K

Apr 17, 2017

Great class! Everything is explained in an intuitive manner. Highly recommended!

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 Badrinath R

Feb 10, 2018

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

創建者 Cristian V R

Jun 21, 2016

Great professor and great videos, make this class very easy to understand and apply these concepts in the business world.