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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

868 個評分
199 條評論


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



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.


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.


101 - Firm Level Economics: Consumer and Producer Behavior 的 125 個評論(共 193 個)


Nov 12, 2018

easy understanding and in dept explanation

創建者 Andre L O F

Nov 17, 2016

Excellent course with a great explanation.

創建者 Adam D

Aug 10, 2016

Larry is really engaging. Great lectures.

創建者 Kamal A

Dec 16, 2018

Great Course to Start learning Economics

創建者 Andrew J

Sep 18, 2019

Great class and Even better instructor

創建者 Ahsan F

Feb 08, 2020

Loved the course. Very well explained

創建者 Jay K

Feb 04, 2019

whole a lot to learn from this course

創建者 jeferson s d s

Oct 27, 2017

ótimo curso e um excelente professor.

創建者 Erik W

Sep 08, 2019

Great Introduction to price theory!

創建者 V.V.L.N. S

Oct 31, 2019

This is a good course. I liked it.

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 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 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 wuxiangting

May 30, 2017

Great basic introduction

創建者 Anshul S

Jun 11, 2016

Very articulate course

創建者 Eliane D

Dec 06, 2017

it's was interesting.

創建者 Gautham B

Feb 02, 2019

Incredible professor

創建者 Ho T Y V

May 10, 2017

Really useful for me

創建者 Chris K

Feb 15, 2020

excellent professor

創建者 Viral S

Sep 09, 2019

Excellent framework

創建者 Tran T U

Aug 06, 2018

Easy to understand!

創建者 Tiberiu I

Jun 28, 2016

I love the teacher!