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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
758 個評分
169 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.

篩選依據:

51 - Firm Level Economics: Consumer and Producer Behavior 的 75 個評論(共 164 個)

創建者 Renato F M F

Nov 07, 2016

Very good

創建者 Lakshya N

Feb 18, 2016

Awesome course and good instructor!

I liked it a lot!

創建者 Libor T

Apr 04, 2017

good recolection

創建者 Linda M

Aug 07, 2017

Excellent course!

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 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.

創建者 Christopher C

Jun 01, 2016

Very well done!

創建者 Dan M

Feb 07, 2018

Great exposure to the fundamentals of Microeconomics. Also, the platform of videos (rather than live lectures) means that the discussion never runs away from you. Not clear on what was just discussed? Rewind a few seconds and watch it again. And Prof. DeBrock does a great job of laying things out.

創建者 Luis R A

Mar 14, 2017

Great course!

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 Moubana A K

Jan 13, 2018

Excellent course for business decision making .

創建者 Pierre L

Oct 18, 2016

Excellent course.

創建者 Maria D

Mar 27, 2016

nice course, with links to additional reading materials... well thought and good for busy person :-)

創建者 王越阳

May 25, 2017

nice professor

創建者 Akshay H

Dec 11, 2017

Excellent course by Prof. Larry Debrock!

How does a market work? How is the price of a product decided? When should you shutdown a firm? and a lot more.

This is the course to get introduced to Economics.

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 Adam D

Aug 10, 2016

Larry is really engaging. Great lectures.

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 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 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 Anshul S

Jun 11, 2016

Very articulate course

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!