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Overview
This second course in the three-course economics specialization focuses on microeconomics, often referred to as the business side of economics. It is based on academic material developed at Rice University.
Through lectures, quizzes, problem sets, and discussions, the course covers key topics such as costs of production, perfect competition, monopolies, monopolistic competition, oligopolies, and household decision-making.
The Principles of Economics - Microeconomics - Down to Business course offered by Coursera in partnership with Rice University is designed for anyone interested in economics, although it incorporates some basic mathematical concepts.Things you should learn by the end of this course:
- Identify how Opportunity Costs affect economic decisions.
- Identify how economic decision makers compare marginal benefits to marginal
- costs to make optimal choices.
- In a graph, identify the gains from trade.
- Describe the relationship between prices, market demand, and market supply.
- Calculate and interpret the meaning of an elasticity coefficient.
- Evaluate the effects of government policy on supply and demand.
- Calculate and interpret the meaning of market efficiency.
- Evaluate the effects of externalities and the policies associated with them, and
- identify how they are related to different types of goods.
- Identify the costs of production and interpret their shapes.
- Communicate how different degrees of competition in a market affect pricing and
- output.
- Identify the prisoner’s dilemma in the context of an application.
- Explain the interaction between budget constraints and indifference curves.
Programme Structure
Course structure:
- Economic Profit Versus Accounting Profit
- Production Function and Costs
- Cost Curves for a Typical Firm
- Perfect Competition
- Profit for Competitive Firm
- Short Run Supply Curves
Key information
Duration
- Part-time
- 7 days
- 10 hrs/week
Start dates & application deadlines
You can apply for and start this programme anytime.
Language
English
Delivered
Online
- Self-paced
Campus Location
- Mountain View, United States
Disciplines
Economics View 43 other Short Courses in Economics in United StatesWhat students do after studying
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Academic requirements
We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.
English requirements
We are not aware of any English requirements for this programme.
Other requirements
General requirements
- Beginner level
- Anyone with an interest in economics should fair well in this course, but it is based on my college level intro to economics course.
- This course is aimed at learners interested in economics who want to understand how individuals and businesses make decisions, including analyzing costs, market structures, and the effects of competition and government policies.
Tuition Fees
Additional Details
Course is free for the first 7 days. After 7 days, the course can be accessed with the Coursera Plus Subscription
Funding
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