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

1,933 個評分
471 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



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.


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.


176 - Firm Level Economics: Consumer and Producer Behavior 的 200 個評論(共 464 個)

創建者 Khushi N


Good efforts taken by them a new opportunity to learn free of cost

創建者 Keith K D


Great course, professor is really good at explaining the concepts.

創建者 Nandan S


Excellent course can be taken up by anyone intending to start up.

創建者 TANG F


Good lecture, good material, but the peer review part is sucks...

創建者 Aalish K


It was such a marvellous experience for me to pursue this course

創建者 Noah M


Never look at a jar of mayonnaise the same again! Thanks Larry!

創建者 Khomotso M


a well thought-out best course... It's so enriching and engaging

創建者 LE P P


I learned a lot from this program. Thank you so much, teachers.

創建者 Thahseen M


all the modules are very well explained and easy to understand.

創建者 Raj B


Excellent course with strong fundamentals and in depth concepts

創建者 Reece A M


Excellent for those looking for an introduction into economics!

創建者 Nguyen N S


Know about consumer and Producer Behavior and decision making

創建者 Cezanne P


Great instructor. The readings help fully grasp the concepts.

創建者 Joseph C N


Very useful and intuitive! Prof DeBrock is a great lecturer!

創建者 Pham C K


Very easy to follow the videos and complete the assignments.

創建者 Bruno A


Very good hints, examples and it can be applied to any firm.

創建者 Upasna T


very informative, very smooth teaching techniques. loved it

創建者 Mauricio P


Very interesting course. Thanks Professor Larry DeBrock!!

創建者 Iruansi I


It was very engaging and refreshing. I enjoyed the course.

創建者 Sean R P I


I have learned a lot of new concepts. Thank you so much.

創建者 Mrs G


very clearly explained all the facts. enjoyed the course

創建者 Kartik N


You can't help but like Prof DeBrock. Such a fun course!

創建者 Arushi H


Really helpful this was and I got to learn alot. Thanks

創建者 Rene J R A


Excellent intro to Firm Level Economics, great teacher.

創建者 shubham p


Courses r very benificial but all courses are not freee