This opening module of the Power of Markets course covers the basic assumptions about market participants made by economists, the concept of opportunity cost, and the key determinants of supply and demand. We will then learn how to use the supply-demand framework to explain and predict market outcomes and to show how government policies affect those market outcomes. We will look at how quantity demanded and supplied respond to their key determinants in quantitative (elasticity) as well as qualitative terms. The last two weeks of the first module will investigate consumer behavior more closely and show how consumer choices are driven by the interplay of preferences and budget constraints. We will employ the consumer choice framework to examine investor choice as well as policies such as ObamaCare and school choice. Finally, we will also address the concept of how to distribute a given amount of goods across a society’s consumers in the most efficient manner.
It was a wonderful experience, how the concept of economics is related in day-to-day activities is told in a conceptual manner. It was a great time learning the concepts.
It was easy, and helpful for me, a beginning. Thank you very much for this course, much appropriation.
Some concepts need more clarification/ elaborations.
This course was both a quality course for introduction into microeconomics and also surprisingly fun.
this is basic ,i read and i saw some particular basic of economy isn't here
The course that changes way of thinking. Thank you a lot for this.
in this course i have learn lot of thinking related to microeconomics .very good facuilty
The instructor was very nice. He explained every topic with real world examples which made the course easier to understand and interesting.
its an awesome experience by learning through coursera and it helps me a lot nd by soving quiz it give me a satisfaction result
Really it was nice course to learn from this platform. It helped me a lot in my professional carrier.
This course is intersting one improves our knowledge
it is a very good course. i understand many things on demand and supply and different curves . thank you...........
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This was very help of everything i need to know about managing and dealing with different kinds of real world problems.
Excellent course. Examples given are very well explained, the professor is pretty clear and has a nice approach when talking. An excelent course for people interested in Microeconomics, although you might need at least an Economics Introductory Course to get the hang of it.
This course was really helpful as it provided in-depth understanding and a unique perspective to supply chain management. In addition, the lecturer was quite articulate despite the highly technical concepts introduced and explained. Highly recommended!
I have taken this course to learn this topic in English. I had studied this topic in my language. This topic was a little bit confusing, but I could understand thanks to this .
Dear Professor Mark Zupan,
Thank you very much for your great course, which has helped me to understand the theory and methodology of Economics deeply.
Best wishes.
Wei Zhu
It was a wonderful experience, how the concept of economics is related in day-to-day activities is told in a conceptual manner. It was a great time learning the concepts.
The instructor was very nice. He explained every topic with real world examples which made the course easier to understand and interesting.
its an awesome experience by learning through coursera and it helps me a lot nd by soving quiz it give me a satisfaction result
it is a very good course. i understand many things on demand and supply and different curves . thank you...........
It was easy, and helpful for me, a beginning. Thank you very much for this course, much appropriation.
Really it was nice course to learn from this platform. It helped me a lot in my professional carrier.
This course was both a quality course for introduction into microeconomics and also surprisingly fun.
in this course i have learn lot of thinking related to microeconomics .very good facuilty
It was a wonderful course, it made my brain work hard：）Thank you very much!
Excellent course. Great lectures. Textbook it is based on is first rate.
Great course to introduce yourself to basic concepts in microeconomics!
The course that changes way of thinking. Thank you a lot for this.
This course is intersting one improves our knowledge
Very nicely explanation of each and every topic