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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
1,475 個評分
367 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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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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201 - Firm Level Economics: Consumer and Producer Behavior 的 225 個評論(共 359 個)

創建者 Ahmad U H

Apr 02, 2020

Excellent course and great learning.

創建者 Erik W

Sep 08, 2019

Great Introduction to price theory!

創建者 Romayne W

Apr 12, 2020

This is a very interesting course.

創建者 V.V.L.N. S

Oct 31, 2019

This is a good course. I liked it.

創建者 TINNI P

Jul 25, 2020

He made it so easy to understand.

創建者 Breno P R

Jun 22, 2020

Really good course for beginners.

創建者 Mariano S C

Oct 04, 2019

great, to the point and fast pace

創建者 James S

Mar 05, 2018

Great class and great Professor!

創建者 Ritesh J

Jun 12, 2020

Very good course for beginners.

創建者 J P S K

Jul 26, 2020

Excellent course! Very usefull

創建者 RAHUL

Jul 17, 2020

It was an amazing experience.

創建者 Jasir J

Jul 16, 2020

Excellent teaching method...

創建者 Jason T

Feb 08, 2020

Larry teaches a great class!

創建者 Vivek B

Feb 04, 2019

Excellent Course, Thank you!

創建者 Ramanna S

Jul 22, 2020

Well designed and delivered

創建者 Joshua F

Dec 02, 2019

Very good start to my iMBA!

創建者 John K Y

Aug 17, 2018

It was a great experience!!

創建者 PRAVEEN K K S J

Aug 10, 2020

it was good to learn here.

創建者 Zabin T

Jun 20, 2020

This course is so helpful.

創建者 Ahmad N T

May 22, 2020

It’s an excellent course

創建者 Debleena D

May 14, 2020

teaching was really good

創建者 Dr M R

Apr 11, 2020

It's an excellent course

創建者 wuxiangting

May 30, 2017

Great basic introduction

創建者 LAXMIKANT M S

Apr 28, 2020

Very informative course

創建者 Sujishatk

Sep 20, 2020

That's a good learning