This course offers an introduction to the functions of individual decision-makers—both consumers and producers—within the larger economic system. Emphasis is on the nature and functions of product markets, the theory of the firm under varying conditions of competition and monopoly, and the role of government in promoting efficiency in the economy.
Most people make the incorrect assumption that economics is ONLY the study of money. My primary goal in this course is to shatter this belief. During this course, we will be addressing the above questions as well as many more relating to:
-the environment
-love and marriage
-crime
-labor markets
-education
-politics
-sports
-business
My main goal is to show you the way economists think and how to use this analytical system to answer questions related not only to these and other important human issues, but to anything you end up doing with your life after this class. After all, as you will quickly find out, I believe that everything is economics!
proposé par
Université de l'Illinois à Urbana-Champaign
À propos de ce cours
43,465
43,465Compétences que vous acquerrez
PricingEconomicsMicroeconomicsEconomic Analysis
Programme du cours : ce que vous apprendrez dans ce cours
Semaine
12 heures pour terminer
Course Orientation
You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.
1 vidéo (Total 3 min), 4 lectures, 1 quiz
1 vidéo
4 lectures
Syllabus30 min
About the Discussion Forums15 min
Updating Your Profile15 min
Social Media15 min
1 exercice pour s'entraîner
Orientation Quiz10 min
3 heures pour terminer
Introduction and Basic Principles
Welcome to your first week in Microeconomics Principles! As you will quickly see, the things you learn in this class will probably help you see the world in a different way. Economics is not just about money, as you may have incorrectly assumed. On the contrary, as you will learn in this lesson, economics is about how society distributes scarce resources. And, since almost anything in the world is a scarce resource, from fossil fuels to nice guys, we can apply the rules of economics to pretty much anything.
6 vidéos (Total 52 min), 1 lecture, 1 quiz
6 vidéos
2.1. What is Economics?9 min
2.2. Opportunity Costs6 min
2.3. Net Marginal Benefit Principle8 min
2.4. The Invisible Hand Principle9 min
2.5. Trade13 min
1 lecture
Week 1 Overview15 min
1 exercice pour s'entraîner
Week 1 Quiz30 min
Semaine
24 heures pour terminer
Supply and Demand
Welcome to your second week in Microeconomics Principles! This module we will cover the hallmark framework of the field: the supply and demand model. I am sure that if you knew any economics words before enrolling in this course those two words were supply and demand. This module you will finally learn what all the fuss is about.
17 vidéos (Total 122 min), 1 lecture, 1 quiz
17 vidéos
1.2. The Market for Romantic Relationships7 min
2.1. The Determinants of Demand4 min
2.2. The Demand Function, Schedule, and Curve7 min
2.3. Introducing Comparative Statistics: Changes in the Price4 min
2.4. A Change in Demand, Part 113 min
2.5. A Change in Demand, Part 210 min
3.1. The Determinants of Supply4 min
3.2. The Supply Equation, Schedule, and Curve7 min
3.3. Price of an Input Changes5 min
3.4. A Change in Technology4 min
4.1. Supply Surplus, Supply Shortage, and Equilibrium Price12 min
5.1. Changes in Demand: Price of Related Goods10 min
5.2. Changes in Demand: Consumer Preferences4 min
5.3. A Change in Supply7 min
5.4. Simultaneous Change in Supply and Demand6 min
6.1. Demand and Supply Conclusion8 min
1 lecture
Week 2 Overview15 min
1 exercice pour s'entraîner
Week 2 Quiz30 min
Semaine
33 heures pour terminer
Market Efficiency and Government Policies
Welcome to Week 3! Last module we introduced the supply and demand model to explain how free markets work. One of the main concepts we learned about free markets was that they tend to gravitate toward an “equilibrium” price and quantity. This module we will use the same conceptual model to answer one important question: Are free markets the best way to distribute society’s resources?
10 vidéos (Total 67 min), 1 lecture, 1 quiz
10 vidéos
2.1. What is Consumer Surplus?8 min
2.2. Consumer Surplus and the Demand Curve3 min
3.1. What is Producer Surplus?3 min
3.2. Producer Surplus and the Supply Curve3 min
4.1. Total Surplus: The Graphical Argument for Free Markets9 min
5.1. Price Ceilings8 min
5.2. Price Floors11 min
6.1. Could We Reduce the Shortage of Human Organs?7 min
6.2. Application: Playoff Tickets and Scalping Laws3 min
1 lecture
Week 3 Overview15 min
1 exercice pour s'entraîner
Week 3 Quiz30 min
Semaine
43 heures pour terminer
Elasticities
Welcome to the fourth week! This module we will cover one of my favorite economics concepts: elasticity. It is one of my favorites because of how useful it is to analyze policy implications, as well as its usefulness for business managers. This will be obvious to you when you read one of the discussion topics for this module: Should we legalize marijuana?
14 vidéos (Total 89 min), 1 lecture, 1 quiz
14 vidéos
2.1. Definition and Classifying Price Elasticities of Demand10 min
2.2. Price Elasticity of Demand and Revenue4 min
2.3. Determinants of Price Elasticity of Demand10 min
2.4. Price Elasticities of Demand and the Linear Demand Curve5 min
3.1. Income Elasticity of Demand5 min
3.2. Cross-Price Elasticity of Demand8 min
4.1. Definition of Price Elasticity of Supply2 min
4.2. Determinants of Price Elasticity of Supply2 min
5.1. Introduction to Per-Unit Taxes4 min
5.2. The Distributional Effects of Tax13 min
5.3. Taxes and Surplus4 min
6.1. Should Black Dog Increase the Price of Their Sandwiches?2 min
6.2. Other Applications of Price Elasticity8 min
1 lecture
Week 4 Overview15 min
1 exercice pour s'entraîner
Week 4 Quiz30 min
4.8
183 avis33%
a commencé une nouvelle carrière après avoir terminé ces cours
50%
a bénéficié d'un avantage concret dans sa carrière grâce à ce cours
40%
a obtenu une augmentation de salaire ou une promotion
Meilleurs avis
It's a very well made course. Special thanks to Dr Jose for conveying the fundamentals of Microeconomics in such a lucid and simple way which helps in developing a solid intuition for the subject. :)
Great way to explain economics, especially for students with english as a second language. Thanks for dividing the videos into smaller parts making me able to plan my schedule in great flexibility.
Enseignant
Dr. José J. Vázquez-Cognet
Clinical ProfessorDepartment of Economics
À propos de Université de l'Illinois à Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
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