Why are markets commonly believed to be the best way of allocating resources and organizing economic activity? This course will answer this critical question while examining its implications for pricing, market entry and exit, short-term and long-term business strategies, and the forecasting of key market variables. The course introduces fundamental topics in the economic analysis of markets, and some of the analytical tools used to study them, as a means to build an economic intuition and fostering an understanding of a variety of market conditions and market forces.
After taking this course, you will be able to:
- Explain the basics of supply and demand curves.
- Characterize variable and fixed costs.
- Identify short-run and long-run market exit prices.
- Construct short-run and long-run supply curves.
- Construct demand curves.
- Identify short-run and long-run equilibria in competitive markets.
- Predict short-run and long-run market prices.
- Interpret a market price path.
- Explain firm entry, exit, and profitability in competitive markets.
Software requirements: None
Status: Strategic Decision-Making
Strategic Decision-Making
Status: Consumer Behaviour
Consumer Behaviour
Beginner·Course·36 hours
Featured reviews
5.0
·Reviewed Feb 22, 2024
Really great presenter, good content and supporting materials. Quizes actually stimulating and challenging
5.0
·Reviewed Oct 6, 2023
The teacher is awesome, letting the complex demand/supply conception become so simplicity. It's really recommended.
All reviews
Showing: 10 of 10
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L
Laurence
5.0
·Reviewed Jan 1, 2024
Fantastic professor who motivates and leads people for whom those "maths and data" are difficult to understand (people like me more specialized in human factors area and without economics background). He has a wonderful way to make us understand, repeating materials at those moments we could give up, step by step to finally make us to be proud to pass successfully.
He explains very well, good voice and language, perfect leadership . I totally recommend this course.
B
Bryan
5.0
·Reviewed Oct 14, 2023
This was a really challenging subject for me. I actually had to watch videos several times and read material a few times to fully understand the curves and reactions of all the factors. The math wasn't too difficult once I understood what was going on.
G
Garen
5.0
·Reviewed Oct 7, 2023
The teacher is awesome, letting the complex demand/supply conception become so simplicity. It's really recommended.
T
Todd
5.0
·Reviewed Feb 23, 2024
Really great presenter, good content and supporting materials. Quizes actually stimulating and challenging
B
Blues
5.0
·Reviewed Oct 16, 2023
Really good contents with perfect orientation !
C
Christopher
5.0
·Reviewed Jul 30, 2025
its been great
D
DISHA
5.0
·Reviewed Nov 9, 2024
gd
A
Abhinav
3.0
·Reviewed Jul 8, 2025
fffff
J
Jason
2.0
·Reviewed Sep 16, 2025
Bad. Test questions are nonsense.
M
Michael
1.0
·Reviewed Jul 19, 2026
Time inadequate for Seniors and impaired, on the two with project as the assignment instead of questions/answers, ran out of time, was totally on track otherwise. Not designed for impaired or those of slower dexterity or maybe that is the plan.
