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Microeconomics: A Comprehensive Economics Course by Udemy
A Course Designed to Give You a Better Understanding of the World Around You--Perfect for University and Adult Learners!
Course Highlights
- A love of Economics that I hope is contagious!
- This Course is an Ideal Companion to any Introductory Economics Class in the World
- A thorough understanding of the main principles of Microeconomics
- A thorough understanding of Demand, Supply and Market Equilibrium
- A thorough understanding of Elasticities and their importance to Producers and Governments
- A thorough understanding of Government Intervention - Indirect Taxes, Per-Unit Subsidies, and Price Controls
- A thorough understanding of Market Failure - Goods that have negative or positive impacts on third parties
- A better understanding of Global Politics - as Economics is the backbone of all political thought
Skills you will learn!
Curriculum
1 Topic
Welcome to Microeconomics! Introduction and Overview of Course
14 Topics
Lesson 1: Introduction to the Foundations of Economics
Lesson 2: Scarcity Choice Opportunity Cost and Utility
Lesson 3: The Basic Economic Problem
Lesson 4: The Factors of Production
Lesson 5: Production Possibility Curve
Lesson 6: Microeconomics and Macroeconomics
Lesson 7: Positive and Normative Economics
Lesson 8: Rational Economic Thinking
Lesson 9: Model Building
Study Break!
Lesson 10: The Circular Flow of Income Model
Lesson 11: Free Market vs Planned Economies
Lesson 12: Economic Growth vs Economic Development
Unit 1: Foundations of Economics
13 Topics
Lesson 1: Introduction to Demand Supply and Market Equilibrium
Lesson 2: The Law of Demand
Lesson 3: The Determinants of Demand
Lesson 4: The Law of Supply
Lesson 5: The Determinants of Supply
Lesson 6: The Rule of 11: The Basic Demand and Supply Diagram
Study Break!
Lesson 7: Market Equilibrium
Lesson 8: The Effects of Shifts of Demand and Supply
Lesson 9: The Role of Price Mechanism
Lesson 10: Market and Allocative Efficiency
Lesson 11: Closing Remarks on Demand Supply and Market Equilibrium
Unit 2: Demand Supply and Market Equilibrium
13 Topics
Lesson 1: Elasticities: Introduction and Overview
Lesson 2: Price Elasticity of Demand (PED)
Lesson 3: Price Elasticity of Demand: Applications
Lesson 4: Price Elasticity of Demand: The Diagram
Lesson 5: Price Elasticity of Demand: Determinants
Lesson 6: Cross Elasticity of Demand (XED)
Lesson 7: Income Elasticity of Demand (YED)
Lesson 8: Price Elasticity of Supply (PES)
Study Break!
Lesson 9: Price Elasticity of Supply: Applications
Lesson 10: Price Elasticity of Supply: Determinants
Lesson 11: Closing Remarks on Elasticity
Unit 3: Elasticities
11 Topics
Lesson 1: Introduction to Government Intervention
Lesson 2: Indirect Taxes
Lesson 3: Indirect Tax Diagram
Lesson 4: Per-Unit Subsidies
Lesson 5: Per-Unit Subsidy Diagram
Study Break!
Lesson 6: Price Controls: Introduction
Lesson 7: Price Ceiling Diagram
Lesson 8: Price Floor Diagram
Lesson 9: Closing Remarks on Government Intervention
Unit 4: Government Intervention
14 Topics
Lesson 1: Introduction to Market Failure
Lesson 2: Market and Allocative Efficiency
Lesson 3: Market Failure Base Diagram
Lesson 4: Negative Externality of Consumption: The Diagram
Lesson 5: Negative Externality of Consumption: The Solutions
Lesson 6: Negative Externality of Production: The Diagram
Lesson 7: Negative Externalities of Production: The Solutions
Lesson 8: Positive Externality of Consumption: The Diagram
Lesson 9: Positive Externality of Consumption: The Solutions
Lesson 10: Positive Externality of Production: The Diagram
Lesson 11: Positive Externality of Production: The Solutions
Lesson 12: Common Access Resources
Lesson 13: Closing Remarks on Market Failure
Unit 5: Market Failure
1 Topic
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Microeconomics: A Comprehensive Economics Course
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