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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
1,349 個評分
337 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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176 - Firm Level Economics: Consumer and Producer Behavior 的 200 個評論(共 331 個)

創建者 jodu p b

May 30, 2020

Its great thing to learn from economic sides

創建者 Esteban M G G

Apr 11, 2020

Excellent course, the instructor is awesome!

創建者 Akriti S

Jul 11, 2020

Great course! Strengthened my fundamentals!

創建者 lorenzo b

Jul 13, 2020

Exciting course and excellently explained.

創建者 MCENROE N T E

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 Anmol A

Apr 19, 2020

Great course and amazing explanations

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 Fathima R K

Aug 10, 2020

The concepts were explained lucidly.

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.