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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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76 - Firm Level Economics: Consumer and Producer Behavior 的 100 個評論(共 167 個)

創建者 Bruno C

Aug 09, 2017

Excellent professor.

Content well structured, videos, slides, quizz, assignments.

Support material and recommended reading also well structured.

Congratulations!

I was addicted until finishing in <2weeks!

創建者 Anshul S

Jun 11, 2016

Very articulate course

創建者 Javier E P

Aug 02, 2016

Loved the course. Had a wonderful time studying!

創建者 Andreas A

Jan 19, 2018

Very clearly presented. I like the many intuitions that are provided.

創建者 P. D K

Feb 11, 2017

Learned a lot about the fundamentals of supply and demand, and other related topics. Lectures were informative and enjoyable. Assignments tested fundamental knowledge. Recommend to anyone interested in the basics of economics.

創建者 Arun P R S

May 30, 2017

Great course to get your basics of economics right.

創建者 Annie Z

May 21, 2018

This course was a great introduction into economics. It was my first class in this field and I really enjoyed it!

創建者 Libor T

Apr 04, 2017

good recolection

創建者 Imran Y

Feb 22, 2017

great

創建者 Reece A M

Jan 20, 2018

Excellent for those looking for an introduction into economics!

創建者 jeferson s d s

Oct 27, 2017

ótimo curso e um excelente professor.

創建者 Moubana A K

Jan 13, 2018

Excellent course for business decision making .

創建者 Kartik N

Mar 12, 2017

You can't help but like Prof DeBrock. Such a fun course!

創建者 Aziz M P

Jan 24, 2018

Well taught course

創建者 James S

Mar 05, 2018

Great class and great Professor!

創建者 Jayaprakash V

Jan 28, 2018

This help me understand how price plays a role in demand and supply. how does those changes when government intervenes. Also i learned about marginal costs etc. Professor Larry is a distinguished professor. His knowledge and presentation skills are awesome.

創建者 Khomotso M

Aug 09, 2016

a well thought-out best course... It's so enriching and engaging

創建者 Keith M K

Nov 15, 2016

Great instructor

創建者 Deleted A

Jun 25, 2017

I enjoyed studying this course! Thanks Larry! I liked the video lectures and the real-life examples.

創建者 cheting c

Feb 13, 2018

Nice course!! I like the way professor explain the complicated econamical situation by using graphs and metaphors

創建者 Guilherme C

Jun 04, 2017

Great content, very objective. The teacher was very clear and used relevant examples to make his points.

創建者 wuxiangting

May 30, 2017

Great basic introduction

創建者 David H

Apr 01, 2017

Great introductory course to microeconomics covering free market supply, demand, cost curves and firm short run equilibriums.

創建者 Anurag P W

May 30, 2017

The course cleared the basics of firm level economics in a very efficient manner

創建者 Christopher C

Jun 01, 2016

Very well done!