Chevron Left
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

881 個評分
204 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.


151 - Firm Level Economics: Consumer and Producer Behavior 的 175 個評論(共 198 個)

創建者 Gerardo A J

Feb 07, 2019

Great course

創建者 Hamada S S

Jan 29, 2019

Great Course

創建者 Nikolaos P

Mar 04, 2018

Great Course


Mar 18, 2020

Very Good

創建者 Phạm V T

Oct 22, 2019

Very well

創建者 Vivianne P S R

Mar 23, 2019


創建者 Renato F M F

Nov 07, 2016

Very good


Feb 26, 2019


創建者 Chris M

Oct 30, 2017


創建者 Rithika I

Jul 11, 2019


創建者 Imran Y

Feb 22, 2017


創建者 Ngo M T

Mar 24, 2020


創建者 Phạm T M T

Dec 04, 2019


創建者 Vòng N L

Nov 01, 2019


創建者 Cheihlun C Y

Feb 09, 2019


創建者 sudindra

Jun 12, 2017


創建者 Nguyễn V Đ

Oct 14, 2019


創建者 Fazil M A

May 10, 2019


創建者 Adler J

Dec 02, 2017


創建者 Subrat G

Feb 15, 2017


創建者 Kira

Feb 08, 2020

Content was informative and not too difficult, but I do have a lot of Algebra, Geometry, and Calculus background. I didn't like the peer reviews as much. They are fun to do, but waiting for grades from peers gets cumbersome and you usually have to beg for reviews. On top of that, you're too subject to the peer's understanding of the content. On one of the assignments one of the peers clearly had no clue about content, didn't read the professor's criteria for grading, and graded well in the wrong. Fortunately, the lowest scores are dropped. Otherwise, I would've raked the peer over the coals with support. I personally wish they'd drop the peer-reviewed assessments, but still plan on working towards an mba. Some level of calculus required might be good too or at least a middle school refresher of slopes.

創建者 Elizabeth L

Aug 07, 2017

Overall, I thought the course was really well done. I thought the lectures made the material very easy to digest, both in terms of presentation and amount of time allocated to each lecture. I found the additional readings very helpful (except for McAfee). However, I found some of the assignment and quiz questions confusing, in that they did not provide enough detail about what the question was really looking for in terms of a complete answer. Otherwise, I learned a lot and plan on taking the next course in the series.

創建者 Melvin P

Sep 27, 2017

A good introduction of microeconomics, but I feel that the content of this course leans towards the theoretical and it didn't have any depth on the various topics (this is coming from someone who studied engineering and took some courses on finance and accounting). I must applaud Prof. Larry DeBrock to be a great lecturer. His enthusiasm and use of real world examples (even if they lacked depth) captured my attention throughout the course.

創建者 Daniel K O

Jun 15, 2018

Larry does a great job explaining concepts and making them relatable to every day life. The occasional "field trips" give a real world perspective on how economics plays a hand everyday in the world around us. The only issue comes in the peer reviews where you can end up on the short end of the stick and not have anyone review your assignments for the week at all.

創建者 Felix B

May 03, 2018

Well organized, perfectly flexible class with a nice professor. As a total stranger to this topic I really learned a lot and wasn't overwhelmed. 5 stars if you communicate from beginning on that the readings are optional but that it is highly recommended to read at least parts of them. Had a bit of a time issue in the first week.