Microeconomics basics for academic students

Complete concepts of basic Microeconomics with quizzes, graphs and practice questions

4.40 (23 reviews)
Udemy
platform
English
language
Social Science
category
instructor
697
students
2 hours
content
Jan 2021
last update
$19.99
regular price

What you will learn

Implement the knowledge in day-to-day activities

Comprehend the features of different markets including monopoly, perfect competition, etc

Understand the dynamics of individual entities

Be able to execute the tips and tricks in their own business taught in cost and production.

Description

Who is this course for? 

  • If you are someone who wants to learn economics from scratch.

  • You have economics and microeconomics as your undergraduate or master's subject.

  • You have economics as your supplementary subject with any of your majors.

  • You are curious to know everything about single entities and things related to cost, production, competition, monopoly, etc.

Since Economics has been influencing our lives in every way. This course of microeconomics provides complete details about the economic system in general and individual economic entities in particular so as to have the ability of better decision making.

  • It enables you to think about the logical facts associated with the economic system.

  • Why do we want a state of equilibrium in a market?

  • Why do prices change and what are the factors that change them?

  • What are we concerned with the responses being made after a price change?

  • And what decisions shall we have to apply for, in such circumstances,

                                                                    This is where we need to learn what Microeconomics is

I assure you that even a student who has not ever taken a course in economics is able to understand the course very easily.

And for all the students enrolled in the course of business, management or Economics can go through it in no time.

Additionally, the course design includes Quizzes with each topic as well as solved problems. Other Problem sets can also be shared with the students upon request. Furthermore, the course also comprises of explanation of graphical and mathematical analysis with the use of a pen tablet.

Content

Introduction

Using Udemy for this course

Introduction

Introduction to Economics
Types of Market
Economics Introduction

Demand and Supply

Outline
Overview of the section
Demand
Supply
Surplus and Shortage
Changes in Market Equilibrium
Practice Question: Finding Price and Quantity
Demand and Supply

Elasticity

Introduction to Elasticity
Other elasticity concepts
Practice Question: Derive the linear demand curve
Elasticity practice questions

Consumer preferences

Intro and access to free chapter content
Three characteristics of Consumer Preferences
Consumer Preferences in detail
How can a consumer be indifferent about his choices of goods ?
Characteristics of Indifference curve
Marginal Rate of Substitution
Multiple choice questions

Production

Introduction and course outline
Production Function Introduction
One Variable Input
Average Product And Marginal Product Calculation
Production Function

Cost

Introduction and Outline
Accounting cost versus Economic Cost
Fixed Cost versus Sunk cost
Practice Question: Finding Average fixed cost and Average total cost

Monopolistic Competition and Oligopoly

Introduction and outline
What's the difference between monopoly, monopolistic competition and oligopoly
Short run Monopolistic competition
Short run versus long run monopolistic competition
Oligopoly
Cournot equilibrium and reaction curves
Bertrand and Stackelberg model basic introduction

Screenshots

Microeconomics basics for academic students - Screenshot_01Microeconomics basics for academic students - Screenshot_02Microeconomics basics for academic students - Screenshot_03Microeconomics basics for academic students - Screenshot_04

Reviews

Nelson
March 16, 2022
Respectfully, I think that one of the problems I see with this particular course is that the instructor is just presenting information, not teaching. Some of the exercises are done silently, which leaves the student as a spectator intead of promoting their active participation in the learning process.

Charts

Price

Microeconomics basics for academic students - Price chart

Rating

Microeconomics basics for academic students - Ratings chart

Enrollment distribution

Microeconomics basics for academic students - Distribution chart
1632118
udemy ID
4/5/2018
course created date
2/8/2021
course indexed date
Bot
course submited by