1 months
Duration
Free
Free
Unknown
Tuition fee
Anytime
Unknown
Apply date
Anytime
Unknown
Start date

About

The Firm Level Economics - Consumer and Producer Behavior course offered by Coursera in partnership with University of Illinois is part of the Managerial Economics and Business Analysis Specialization.

Visit the official programme website for more information

Overview

All goods and services are subject to scarcity at some level, which requires that society develop some allocation mechanism to determine who gets what.

Over recorded history, these allocation rules were usually command based, meaning that 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 to find an equilibrium allocation of resources.

To understand this process, businesses construct demand curves to capture consumer behavior and consider supply curves to capture producer behavior. The resulting equilibrium price “rations” the scarce commodity.

After this Firm Level Economics - Consumer and Producer Behavior course offered by Coursera in partnership with University of Illinois, you will be able to: 

  • Describe consumer behavior as captured by the demand curve.
  • Define equilibrium and 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

Programme Structure

Courses included:

  • Course Orientation
  • Scarcity, Allocation, and Markets
  • Government Intervention in Markets
  • Firms, Production, and Costs
  • Firm Behavior

Key information

Duration

  • Part-time
    • 1 months

Start dates & application deadlines

You can apply for and start this programme anytime.

Language

English

Delivered

Online

Academic requirements

We are not aware of any academic requirements for this programme.

English requirements

We are not aware of any English requirements for this programme.

Tuition Fee

To alway see correct tuition fees
  • International

    Free
    Tuition Fee
    Based on the tuition of 0 USD for the full programme during 1 months.
  • National

    Free
    Tuition Fee
    Based on the tuition of 0 USD for the full programme during 1 months.

Funding

Coursera provides financial aid to learners who cannot afford the fee. Apply for it by clicking on the Financial Aid link beneath the "Enroll" button on the left. You'll be prompted to complete an application and will be notified if you are approved. You'll need to complete this step for each course in the Specialization, including the Capstone Project.

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Fresh content

Updated in the last 9 months

Check the official programme website for potential updates.

Our partners

Firm Level Economics - Consumer and Producer Behavior
-
Coursera

Wishlist

Go to your profile page to get personalised recommendations!