13 Comprehensive Microeconomics/Business courses ( 40 hrs)

Micro economics (Oxford Diploma) — Accredited; basic upwards (includes Business Microeconomics)

4.30 (185 reviews)


42.5 hours


Apr 2021

Last Update
Regular Price

What you will learn

Explain how to interpret elasticity

Using demand and supply, illustrate price determination

Examine the impact of tax/subsidies

Apply ceteris paribus

Evaluate the sugar tax and other Case Studies

Decluttering and impact on economy

Business application of microeconomics


Lean management

The art of letting go

Stroke risk - and what can be done

Learn microeconomics through football




1. Watch the Preview video

2. Watch the sample lectures

3. Thoroughly read this course description

4. Be fully aware that participation is encouraged - that means there are manuals (several) numerous discussions (Q/A sections) and regular Education Announcements

5. To achieve the Oxford Diploma requires quite a lot of work. To acquire the Completion Certificate you can just...watch. You can choose to do either, neither or...both. Questions are responded to quickly.

6. Remember too that this course includes an OPTIONAL course in Business Economics English.

Five reasons to TAKE THIS COURSE right now:

  1. You cannot lose - 30 day refund if you really really don't like the course BUT if you DO like it:

    a. updated lectures

    b. case studies based on very very current news items

    c. detailed responses to messages

    d. I constantly attempt to have a 'class atmosphere' e.g. throwing questions open to all

    e. regular Announcements that are not disguised sales ploys

    f. regular FREE access to numerous other courses offered by me

  2. I am a lecturer/teacher in Economics by trade i.e. I teach full-time for a living. I have been Principal, Director of Studies and Head of Economics. (Oxford, UK)  I have lectured in University, adult evening classes and also run over 50 seminars in the UK

  3. I am/have been an Examiner for FIVE different examination boards

  4. I have 100+ books on Amazon - many of them about Business/Economics

  5. The success of my students has been featured on the BBC, Daily Telegraph, The Times and I have been featured on TV in 2 countries.


I make courses on Udemy primarily because I enjoy the process of causing learning. Many of my courses are to improve lives. One of the Economics courses is to raise money for charity. (100% of revenue goes to the charity) Fundamentally this course is about helping you.

About the course

This is a course covering the key areas in micro economics at a beginners/intermediate level. It is the principles of economics that are emphasised, repeated and supported with notes. Very clearly explained and reinforced with notes and revision lectures. This course is IDEAL for the beginner who wants to advance quickly.

Topics covered:

  • Market failure

  • Taxation

  • Subsidies

  • Demand

  • Supply

  • Price elasticity of demand

  • Price elasticity of supply

  • Elasticity and how to interpret it

  • Elasticity - calculations

  • Elasticity - shape of curves

  • Elasticity - tax/subsidy incidence

  • Ceteris paribus

  • Consumer surplus

  • Producer surplus

  • Microeconomics of football

This course is ideal for the BEGINNER who wishes to progress as well as someone with experience in studying Economics as the topics are pitched at several levels.

Why learn from me?

  • 5 years experience as a Buyer for a multinational car company

  • Owner of two companies in the Education sector

  • Trainer of Economics and Business teachers

  • 30 years experience in teaching/lecturing Economics in Oxford (UK) and worldwide

  • Highly responsive to questions asked relating to lectures

  • Constantly improving and developing courses at Udemy


At the end of the course are some case studies based on articles in August 2019. This is to give you the opportunity to check what you know - and then (if you wish) send answers in! (They are on the micro topics above such as taxes, elasticity, demand, supply etc)


December 2019

Two new workbooks added:

  • Christmas economics

  • New Year Economics 2020

June 2020 - new course on the Microeconomics of football


13 Comprehensive Microeconomics/Business courses ( 40 hrs)
13 Comprehensive Microeconomics/Business courses ( 40 hrs)
13 Comprehensive Microeconomics/Business courses ( 40 hrs)
13 Comprehensive Microeconomics/Business courses ( 40 hrs)


New to English? Start here!


Day One: Ask for Help

Day Two: Watch and Listen

Day Three: Write Down Words and Phrases

Day Four: Practice as much as you can (Part 2)

Day Five: Make time to study

Day Six: Five Websites

Day Seven: In conclusion

Oxford School of Learning Diploma

About the Diploma


Original preview

About the lecturer

The demand curve

Elasticity of demand

Ceteris Paribus

More on elasticity

Consumer surplus

Income elasticity of demand


Cross elasticity of demand


Elasticity of supply

Elasticity interpreted

Surpluses & Min/Max price

Maximum rent

Minimum wage

Exchange rates & SPICED

Demand for imports/exports

Demand curve shifts

Indirect taxation


Elasticity and tax



More externalities

Positive externality in production

Social optimum

Negative externalities

Conclusion & 1 bonus diagram!


Free trade

Competition and elasticity - competitiveness

Elasticity of supply

Competitiveness - elasticity of demand

Import controls

Housing market

Competition - technology



Competitiveness - elasticity of demand


Competition - Elasticity of demand


Gender pay gap

The sugar tax

Really really current revision section - elasticity, demand/supply


Ice Cream

Trade War

Flagging Demand

Taking the Brisket

The Margin is Important

Supply Chain Management



Brand Driven Products

Pricing policies

Income threshold

Results differ


The Japan Times series

The flow of goods

Heat related


Household Spending


The Tax Model

Hypothecated taxes

Private Health Insurance

Social Health Insurance

User Charges as an Additional Source of Funding

Charging NHS Patients for GP Appointments

Obesity and Economics

Obesity - the prologue

Obesity pt 1

Obesity - pt 2

Obesity - pt 3

Obesity - pt 4

What makes a great teacher?

This is NOT Economics - but very important that you watch

Lecture 1

Lecture 2

Lecture 3

Lecture 4

Lecture 5

Lecture 6

The Micro economic impact of Brexit

Brexit is coming – what can I do?

Where will I live – what will I pay?

I’ve got a mortgage!

Save me!


Hope I die before I get old

What can I bank on?

Will I lose my job?

Can I flee abroad – by car?

This is all bad for my health!

Forced intermittent fasting?


Sakshi15 September 2020

okay , so I will talk about everything one by one . firstly , the professor is really nice . he replies to queries very fast and whenever I have doubt very explains that . and so far replied to my each and every query . secondly , the course is very descriptive and very interesting . I have completed about 30% of the course and already learnt so much. it is all basic so far and the content of the course is very up to date . thirdly , there are a lot of resources attached to the course and the professor provide so many additional links to widen the knowledge about the particular topic , which I think is really great. I have done one task of one of the workbooks and learnt many new things and enjoyed it a lot . fourth , the professor has added a new part to the course which is September Blues and this is one of my favourites . he teaches about many ways to overcome depression , tells about art , exercise , yoga and many more and daily updates this section . he is really concerned about his students and their fellow people and this is so nice of him. fifth , in the starting of the course he guides the students on how to make most out of the course and also added a section of business English . and set daily homework that helps us to widen the knowledge and apply the theory to practical situations . sixth, he encourages students to take part in discussions and ask them to clear their queries and I have really experienced that the discussion threads are quite nice . in all I really liked the course till now.

Sia3 September 2020

I am loving the instructor's energy & dedication to teach us & give us great value & knowledge for our money! Thank you!

Mark20 August 2020

This course deals with general concepts of microeconomics, which is quiet intelligible presented. However I found some of sections, which pursue the goal of deepening the knowledge not only boring because of lack of communication on the part of autor but also senseless as if it was made just to note an "enourmously long" durance of the course, that could be much shorter and wouldn't lose anything in sense of information (in some sections you as a viewer just get an article without any kind of voice guidance or commenting while you read it and then listen to the explanation or even very often don`t get any). Another thing I personally wasn't fond of is an uncomparable size of section where you learn something new to a mostly unnecessary bunch of sometimes even fully unrelated to the theme of the course stuff. Moreover, though the presentation is pretty understandable I was dissapointed how boring it is (just a lot of text on the black screen).

Daniel31 July 2020

Final edit: I just finished with all the classes from this course, participated extensively in the discussions and done most of the tasks assigned. What I can say is that it is both limited to basic concepts of microeconomics but heterogeneous at the same time. Regarding purely microeconomics, this course focuses heavily on Supply and Demand curves, Elasticity, Taxes and Subsidies, and Market Failures (particularly Externalities). The mathematics are seldom used, and are exclusively arithmetic; it does not use intermediate nor advanced mathematical approaches to solve problems (e.g. calculus is not employed). The course also touches on subjects such as, but not limited to, Behavioral Economics, Macroeconomics, Healthcare systems, the effects of COVID-19 in the economy, and also on topics unrelated to economics, like Mindfulness, Physical Exercise and Art Therapy. Positive aspects: • The professor is very supportive and constantly asks you things in the discussion forums to enrich your learning. He answers in a timely fashion and is 100% committed to the learning of his students. • Dedicate yourself to this course and at least try to obtain the Oxford Diploma, and you will learn about absolutely broad facets of the economy. You will be enriched with different tools (blogs, economic communities, books, newspaper articles, research papers, etc.) to support your understanding of the economy. • Because there are students from different parts of the world, the discussions are enriched with diversified perspectives. • The variety on the subjects is utterly interesting and enriching. You will learn many things both related and unrelated to economics, and will exercise your critical thinking. • On a previous review, I said that I wished there were more mathematical exercises. The professor then made a lecture specifically to recommend free courses which do have advanced analytics for economists, and he even recommended a few books free to download. Aspect to be patient with: • The subjects, lectures and tasks may seem repetitive at some point. • The Oxford Diploma is not something you can achieve in 4 months or less. With all the workbooks, investigations, comments and tasks assigned, it will probably take you about 6 to 8 months to achieve (maybe more), even if you have full-time availability to study. Beware, if you do decide to pursue the Diploma, the amount of work will most probably feel overwhelming. • The professor does not always answer questions in a straightforward manner; most of the time, he will ask questions back for you to research on the subject (I think this is positive, though). I agree with Chris Bankes when he says that the most important aspect of this course is to enjoy it and have fun while studying. So, you go and do that!

Rosalie2 May 2020

This course has been really interesting and the case studies have helped me understand how micro economic tools are applied in real life situations.

Ghaidaa13 January 2020

The lecturer is knowledgable and professional. He is also very passionate about delivering the course which makes it more interesting and encouraging to learn and complete the work required. The lectures are easily played on the tablets as they stream in great quality and easily found.

Alicia14 August 2019

Wonderful course on Mirco Economics, something I knew little about before. The videos are meaty but short which is helpful for my learning style. The instructor knows his stuff and it's giving a better understanding of a subject I didn't know much about.

Mukund23 July 2019

Seems very informative and basic, helpful to a beginner like me but I would prefer less on the reviews (only 1-2 min) and more on the actual content, as it was getting a bit boring. Furthermore, the quality of videos seems to be very good (720p), but sometimes in the beginning or middle of the videos, this goes down so that it becomes much harder to read the content of the video.

Paul20 July 2019

This was a very good course for beginners. Hopefully, there will be more intermediate and advanced courses in the future. The tutor was very clear throughout the lectures with good explanation and diagrams. The video and sound quality throughout the course was excellent. Going into detail on certain topics, the bits I enjoyed the best from my point of view where the practical bit. I would have liked the tutor to go through say one of the tough questions he set in this course in full so that I can then go through the rest of the questions with a lot more confidence (like a template I can use). I found this method very beneficial in answering mathematical questions, which I did many years ago. I could then use this in my questions going forward. during this course, I asked the tutor a general question in one of my other courses and he came back to me within 24 hours, which is excellent. Overall, I highly recommend this course to all of you and if the standard is the same with his other courses, I think you will thoroughly enjoy throughout. Many thanks. Two more sections have since been added, Brexit and short videos on micro economics. I particularly enjoyed the Brexit videos and concerns that may arise which can affect us at some time in the future. It reminded me of the problems I had back in 1988 when I first took out a mortgage at 11.5% - £400 a month. Within a month - Black Wednesday, Interest rates went up to 15%. Suddenly my repayments went to over £700 a month - which was my salary plus 35% of my wife's salary. I had to cash in insurance policies just to get the payments down to a manageable level. These rates lasted for quite a long time. Wherever possible, we tried to pay a little extra on top of the payment so that we can gradually reduce the interest that we were paying each month. Eventually over the next 11 years we paid off the 25 year mortgage. Back in 1999, we bought a new house, this time taking out a fixed rate mortgage at 5.75%. This was so that we could plan everything and nothing could cause what happened previously to happen again. Once again, we paid additional amounts extra off each moth as we were allowed to pay off up to 10% extra per year. This meant that interest payment due, was falling each month. if anyone is on an ordinary mortgage payment, it may be worth checking with the people who the mortgage is with to see if you can reduce what you are paying, or even reduce the term of your mortgage more quickly. Advantage of going back to your lender, you will probably get much reduced product fees, where if you switch to a different mortgage provider, you could end up having very large products fees added. What Chris said about making extra sacrifices can make a big difference in the future. Once again, the standard of the course is excellent, I am sure you will not be disappointed.

Fernando8 July 2019

Great quality course. Exceeded my expectations for an "Egg timer" course. I am not English native, yet the course is easy to follow and the concepts are clearly explained. Well structured, good audio, image, lighting, resources, examples, material, etc. I personally find this course engaging and is a good company whilst having my morning coffee every day.

Sean15 June 2019

I've finished about 6% of the course. so far everything has been very clear and precise. I've done only the first lecture and everything has been explained clearly.

Joshim12 April 2019

I am a y9 student, I found the lectures were easy to follow. I liked that you included notes that I could jot down for each lesson and that most of these lectures are under 7mins. I think it would be nice if you could include an (optional) interactive quiz that sums up a few lectures(showing the correct answers afterward)or more summary of past lectures. Would be really helpful :)Keep up with the great work, thx

David20 March 2019

great on focusing on the key terms and showing the students whats important on top repeating key terms.

Dmitriy4 December 2018

I am a teaching assistant for (a part) of microeconomics myself and I have been enjoying this course thoroughly as it gave me a great set of examples that I will be using throughout my lectures. The theory is easy to follow and should be great for the beginners in microeconomics or people who want to exploit these concepts in business or entrepreneurship without going too deep into consumer theory.

Filippos24 November 2018

The instructor is really good and responsive. It's a good lesson for a total beginner as myself but the truth is that in the end I remained unsatisfied since I hoped to learn a little more. Now, 6 hours of lectures that is not. Apart from there are many slides that you are left alone to understand, the "revision" sector is full of repeating the same lectures, thus gaining video-time. I would say that pure learning video-duration is about 2 hours or less. Also as a person with an non-economics professional orientation, I found the "revision" sector, which include "questions but not answers" disappointing. If I wanted to study alone economics I would do it, but I haven't got the time. That's why I enrolled to a web-course, to make my learning easier and save time. I agree that the best way to understand something is to think over it and do it yourself, but for people running out of time like me and Muse, we unfortunately end up skipping the "revision".


2/15/202186% OFFExpired


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Michael Wylie
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