Overview
In this second portion of the three-course specialization covering economics, we're going to be focusing on Microeconomics or the business side of things. This course is also based heavily on my ECON 100 course that I teach here at Rice University. Through lectures, short quizzes, problem sets, and discussions we're going to take a look at subjects such as, costs of production, perfect competition, monopolies, monopolistic competition, oligopolies, and household choices. And you'll still get all the unsolicited food and cooking advice sprinkled in there too :)Although this Principles of Economics - Microeconomics - Down to Business course offered by Coursera in partnership with Rice University is intended for anyone with an interest in economics, we will occasionally be using some basic math. I would also recommend that you take the first course, "A Story of Economics: Getting to Know You" before enrolling in this course.
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.
Get more details
Visit programme websiteProgramme Structure
Course structure:
- Problem Set Solution - Economic Profit Versus Accounting Profit
- Problem Set Solution - Production Function and Costs
- Problem Set Solution - Cost Curves for a Typical Firm
Check out the full curriculum
Visit programme websiteKey information
Duration
- Part-time
- 1 days
Start dates & application deadlines
Language
Delivered
Disciplines
Economics View 77 other Short Courses in Economics in United StatesExplore more key information
Visit programme websiteAcademic 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.
Make sure you meet all requirements
Visit programme websiteTuition Fee
-
International
FreeTuition FeeBased on the tuition of 0 USD for the full programme during 1 days. -
National
FreeTuition FeeBased on the tuition of 0 USD for the full programme during 1 days.
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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.