About this Course

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Learner Career Outcomes

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got a tangible career benefit from this course
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Flexible deadlines
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Approx. 17 hours to complete
English

Skills you will gain

EconomicsConsumer BehaviourSupply And DemandCost

Learner Career Outcomes

50%

got a tangible career benefit from this course
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Flexible deadlines
Reset deadlines in accordance to your schedule.
Approx. 17 hours to complete
English

Offered by

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University of Illinois at Urbana-Champaign

Start working towards your Master's degree

This course is part of the 100% online Master of Business Administration (iMBA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

Syllabus - What you will learn from this course

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Week
1

Week 1

2 hours to complete

Course Orientation

2 hours to complete
1 video (Total 2 min), 5 readings, 1 quiz
5 readings
Syllabus10m
ePub10m
About the Discussion Forums10m
Glossary10m
Updating Your Profile10m
1 practice exercise
Orientation Quiz30m
3 hours to complete

Module 1: Scarcity, Allocation, and Markets

3 hours to complete
7 videos (Total 81 min), 2 readings, 3 quizzes
7 videos
1-1.2. Opportunity Costs5m
1-1.3. Demand Curves13m
1-2.1. More on the Demand Curve10m
1-2.2. Movements Along vs. Shifts in the Demand Curve8m
1-2.3. Constructing the Supply Curve9m
1-2.4. Movements to New Equilibrium14m
2 readings
Module 1 Overview10m
Module 1 Readings10m
3 practice exercises
Lesson 1-1 Practice Quiz30m
Lesson 1-2 Practice Quiz30m
Module 1 Quiz30m
Week
2

Week 2

4 hours to complete

Module 2: Government Intervention in Markets

4 hours to complete
10 videos (Total 86 min), 2 readings, 4 quizzes
10 videos
2-1.2. Government Intervention3m
2-1.3. Direct Price Controls: Price Floors12m
2-1.4. Direct Price Controls: Price Ceilings11m
2-2.1. The Price You Pay at the Pump2m
2-2.2. Excise Taxes20m
2-2.3. The Incidence of Taxation8m
2-3.1. Higher Tuition Yet More College Applications2m
2-3.2. Responsiveness of Quantity Demanded and Elasticity8m
2-3.3. Elasticity Along a Linear Demand13m
2 readings
Module 2 Overview10m
Module 2 Readings10m
4 practice exercises
Lesson 2-1 Practice Quiz30m
Lesson 2-2 Practice Quiz30m
Lesson 2-3 Practice Quiz30m
Module 2 Quiz30m
Week
3

Week 3

4 hours to complete

Module 3: Firms, Production, and Costs

4 hours to complete
14 videos (Total 115 min), 2 readings, 3 quizzes
14 videos
3-1.2. Types of Firms15m
3-1.3. Behavior Rule9m
3-1.4. Behavior Rule – Part 217m
3-1.5. Law of Diminishing Marginal Returns14m
3-2.1. Cost Curves1m
3-2.2. Derive Short Run Total Cost Family of Curves11m
3-2.3. Derive Short Run Average Cost Family of Curves6m
3-2.4. Derive Short Run Average Cost Family of Curves - Part 22m
3-2.5. Derive Short Run Average Cost Family of Curves - Part 36m
3-2.6. The Definition of Marginal Cost5m
3-2.7. Derive Shape of the Marginal Cost Curve - Part 16m
3-2.8. Derive Shape of the Marginal Cost Curve - Part 27m
3-2.9. Derive Shape of the Marginal Cost Curve - Part 38m
2 readings
Module 3 Overview10m
Module 3 Readings10m
3 practice exercises
Lesson 3-1 Practice Quiz30m
Lesson 3-2 Practice Quiz30m
Module 3 Quiz30m
Week
4

Week 4

4 hours to complete

Module 4: Firm Behavior

4 hours to complete
11 videos (Total 76 min), 4 readings, 4 quizzes
11 videos
4-1.2. Firm Optimization Behavior - Part 29m
4-1.3. Maximizing Profit8m
4-1.4. Maximizing Profit Graphically - Part 15m
4-1.5. Maximizing Profit Graphically - Part 26m
4-2.1. Showing Points on a Graph - Part 16m
4-2.2. Showing Points on a Graph - Part 26m
4-2.3. Profits After Total Cost Changes10m
4-2.4. Short Run Shutdown Decisions7m
4-2.5. Graphing Shutdown Conditions8m
Gies Online Programs3m
4 readings
Module 4 Overview10m
Module 4 Readings10m
Module 4 Peer Review Explanation10m
Congratulations!10m
3 practice exercises
Lesson 4-1 Practice Quiz30m
Lesson 4-2 Practice Quiz30m
Module 4 Quiz30m

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About the Managerial Economics and Business Analysis Specialization

Managerial Economics and Business Analysis

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