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Microeconomics

University of Queensland via edX Professional Certificate

Overview

This is an introductory program in Microeconomics that provides a learning experience equipping students with the ability to think like an economist. It focuses on how decision-making units within the economy (e.g. consumers, firms, government departments) make choices and how choices can be made in a way that makes best possible use of limited available resources. Since life is in large part about making choices, this program will help you to understand why the world is the way it is, and how to make use of limited available resources.

The three courses within the program are based on a post-graduate introductory microeconomics course taught on campus at The University of Queensland. The Professional Certificate program will set you on the path to thinking critically about all areas of life where choices are made.

This course is for everyone, whether you are studying at university, a career professional interested in expanding your economic knowledge, or simply curious about human and economic behaviour and what influences it. A focus is placed on core economic principles that are immediately applicable rather than formal mathematical theorizing.

Syllabus

Courses under this program:
Course 1: Principles of Microeconomics: An Economist Way of Thinking

Explore the fundamentals of microeconomics including economic efficiency, scarcity and opportunity costs. This course will set you up to think like an economist and to identify how economics relates to the everyday choices we make.



Course 2: Principles of Microeconomics: Competitive Markets

Become immersed in economic concepts including elasticity of demand, market pricing, explicit and implicit costs and economic profit maximisation. Learn about monopolistic markets and market structure impacts on production and profit.



Course 3: Principles of Microeconomics: Social Microeconomics

Learn about the realm of public goods and game theory. You will investigate and analyse how competitive markets, price discrimination and many more microeconimic concepts contribute to particular outcomes in the real world.



Courses

Taught by

Carl Sherwood

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