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Microeconomics Principles

University of Illinois at Urbana-Champaign via Coursera

Overview

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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!

Syllabus

This course will be broken up into 8 modules covering the following topics:

Module 1: Basic Concepts, Modeling, and Trade

Module 2: Supply and Demand

Module 3: Market Efficiency and Government Intervention

Module 4: Elasticity and Taxes

Module 5: Production and Costs

Module 6: Competitive Output

Module 7: Firms With Market Power

Module 8: Public Goods, Common Resources, and Externalities

Taught by

Dr. José J. Vázquez-Cognet

Charts

#3 in Subjects / Economics / Microeconomics

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Reviews

4.3 rating, based on 11 reviews

Start your review of Microeconomics Principles

Matt
1023

Matt completed this course.

The videos tend to be under 10 minutes in length although some weeks there are quite a few videos. I like this style as well because each video can be focused on a specific topic or narrow range of topics. The biggest selling point for this course is...

The videos tend to be under 10 minutes in length although some weeks there are quite a few videos. I like this style as well because each video can be focused on a specific topic or narrow range of topics. The biggest selling point for this course is when Prof. Vazquez goes out into the world and applies the concepts to real businesses. This includes a local farmer's market and a popular barbecue restaurant among others.

The quizzes themselves aren't extremely challenging but they are not trivial either. Some of the problems will require you to work out a problem but often they test your ability to recall concepts from the lecture. Since this is a principles course there isn't anything necessarily wrong with that and I believe that the applications section of the course makes up for it somewhat. There are also quite a few problems on some of the quizzes which I am a big fan of.

The one thing that I wish this course did was go into more depth with each topic.
Eric Gehlhaar
18

Eric Gehlhaar completed this course, spending 2 hours a week on it and found the course difficulty to be easy.

An engaging presenter and well designed videos. Well suited to a complete newcomer to the field, then move to Stanford or MR university courses
Anonymous

Anonymous completed this course.

Very interesting courses in a lively way and extremely friendly to a newcomer. Hope to see more courses from Prof. Vanquez!
Class Central user
8

Class Central user completed this course, spending 1 hours a week on it and found the course difficulty to be medium.
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INAM UL HAQ is taking this course right now, spending 3 hours a week on it.
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43

Llama completed this course and found the course difficulty to be easy.
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