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Voltar para Firm Level Economics: Consumer and Producer Behavior

Comentários e feedback de alunos de Firm Level Economics: Consumer and Producer Behavior da instituição Universidade de Illinois em Urbana-ChampaignUniversidade de Illinois em Urbana-Champaign

4.8
609 classificações
138 avaliações

Sobre o curso

All goods and services are subject to scarcity at some level. Scarcity means that society must develop some allocation mechanism – rules to determine who gets what. Over recorded history, these allocation rules were usually command based – the king or the emperor would decide. In contemporary times, most countries have turned to market based allocation systems. In markets, prices act as rationing devices, encouraging or discouraging production and encouraging or discouraging consumption in such a way as to find an equilibrium allocation of resources. We will construct demand curves to capture consumer behavior and supply curves to capture producer behavior. The resulting equilibrium price “rations” the scarce commodity. Markets are frequent targets of government intervention. This intervention can be direct control of prices or it could be indirect price pressure through the imposition of taxes or subsidies. Both forms of intervention are impacted by elasticity of demand. After this course, you will be able to: • Describe consumer behavior as captured by the demand curve. • Describe producer behavior as captured by the supply curve. • Explain equilibrium in a market. • Explain the impact of taxes and price controls on market equilibrium. • Explain elasticity of demand. • Describe cost theory and how firms optimize given the constraints of their own costs and an exogenously given price. This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu....

Melhores avaliações

FP

May 13, 2017

In the beginning I thought this was going to be a very basic course, but the way the professor explained the topics really make it interesting a practical, going beyond the classical economic theory.

RS

Aug 23, 2017

Excellent course and very well explained every basic economic concept with real examples.\n\nThanks a lot Professor for allowing me to audit this course, wishing you a great success ahead!!

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1 — 25 de {totalReviews} Avaliações para o Firm Level Economics: Consumer and Producer Behavior

por Michael T

Feb 12, 2018

Theoretical content is this course is excellent, but additional mandatory reading is necessary to understand all the math calculations and math theory in this course. If you don't have a good background in Calculus or Business Math, you will be at a disadvantages. Also, the articles, references, and supplemental textbooks are mostly out-dates (2 years old or more).

por Bisma I

May 28, 2019

Good experience of mine

por Fazil M A

May 10, 2019

g

por Yevgenii P

May 05, 2019

Pretty useless as a part of Online MBA. I assume Managerial Economics is a common course for every MBA, but in its current version, the course doesn't provide much value. It won't help me understand the business or the industry better. The knowledge is really general and not related to actual life. Even examples are from Industry sector, while all modern economies are powered by the Service sector.

Still, thank you for not adding formulas and complex calculations (so far). The quality of video, audio, and graphs is okay as well.

por Upasna T

Apr 19, 2019

very informative, very smooth teaching techniques. loved it

por Kanwar S S

Apr 01, 2019

GREAT COURSE. iNSTRUCTOR WAS EXELLENT. GREAT EXPLANTIONS AND GOOD COVERAGE.

por Vivianne P S R

Mar 23, 2019

Excelente

por Innocent O

Mar 18, 2019

The course was well understood as the instructor made everything seem so easy

por Eric M L E

Mar 08, 2019

Very interesting material and well-delivered and understandable / accessible. Not entirely sure of it's real-world applicability just yet.

por Keith K D

Mar 03, 2019

Great course, professor is really good at explaining the concepts.

por Kausar K

Mar 01, 2019

Learned a lot on Supply & Demand and different markets in this course. The course is well written/prepared and had a fun time going thru this.

por John S

Feb 28, 2019

Peer review took awhile for Module #4, alittle stressful as the deadline looms. Not a infrastructure issue, even emails to individuals were barely successful, need to improve on my part to do it earlier or how to influence peer reviews.

por Sohaib F

Feb 28, 2019

Very interesting course for learning price theory

por Noah M

Feb 27, 2019

Never look at a jar of mayonnaise the same again! Thanks Larry!

por NKETIAH E

Feb 26, 2019

awesome

por Ambarish N

Feb 10, 2019

It is an excellent introduction to price theory. Loved the simple and efficient quizzing and teaching techniques.

por Raj B

Feb 09, 2019

Excellent course with strong fundamentals and in depth concepts

por Cheihlun C Y

Feb 09, 2019

Good

por Gerardo A J

Feb 07, 2019

Great course

por Joe F

Feb 06, 2019

Professor Larry is awesome! He makes Economics interesting and understandable. I was a little hesitant about this class since I have taken this subject as part of my undergrad ( a few years back) but Prof Larry does a great job in using real world scenarios as part of his learning as opposed to just theory. Well done!

por Meena G

Feb 05, 2019

Great course!

por Jay K

Feb 04, 2019

whole a lot to learn from this course

por Shahid N

Feb 04, 2019

Absolutely made me understand firm level economics concepts. Good practice and foundation building.

Professor is great and engages will with real life examples and connections.

por Vivek B

Feb 04, 2019

Excellent Course, Thank you!

por Gautham B

Feb 02, 2019

Incredible professor