This opening module of the Power of Markets course covers the basic assumptions about market participants made by economists, the concept of opportunity cost, and the key determinants of supply and demand. We will then learn how to use the supply-demand framework to explain and predict market outcomes and to show how government policies affect those market outcomes. We will look at how quantity demanded and supplied respond to their key determinants in quantitative (elasticity) as well as qualitative terms. The last two weeks of the first module will investigate consumer behavior more closely and show how consumer choices are driven by the interplay of preferences and budget constraints. We will employ the consumer choice framework to examine investor choice as well as policies such as ObamaCare and school choice. Finally, we will also address the concept of how to distribute a given amount of goods across a society’s consumers in the most efficient manner.
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The Power of Markets I: The Basics of Supply and Demand and Consumer Behavior
University of RochesterAbout this Course
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Coursera Labs
Includes hands on learning projects.
Learn more about Coursera Labs Approx. 7 hours to complete
English
Could your company benefit from training employees on in-demand skills?
Try Coursera for BusinessFlexible deadlines
Reset deadlines in accordance to your schedule.
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Coursera Labs
Includes hands on learning projects.
Learn more about Coursera Labs Approx. 7 hours to complete
English
Could your company benefit from training employees on in-demand skills?
Try Coursera for BusinessOffered by
Syllabus - What you will learn from this course
2 hours to complete
Week 1 - Supply and Demand
2 hours to complete
9 videos (Total 71 min), 1 reading, 1 quiz
2 hours to complete
Week 2 - Supply and Demand
2 hours to complete
8 videos (Total 86 min)
2 hours to complete
Week 3 - Consumer Choice
2 hours to complete
9 videos (Total 74 min)
2 hours to complete
Week 4 - Consumer Choice and the Benefits of Exchange
2 hours to complete
9 videos (Total 67 min)
Reviews
- 5 stars72.88%
- 4 stars20.76%
- 3 stars4.23%
- 2 stars1.27%
- 1 star0.84%
TOP REVIEWS FROM THE POWER OF MARKETS I: THE BASICS OF SUPPLY AND DEMAND AND CONSUMER BEHAVIOR
by DCMar 22, 2023
Excellent course. Great lectures. Textbook it is based on is first rate.
by RRMay 16, 2020
its an awesome experience by learning through coursera and it helps me a lot nd by soving quiz it give me a satisfaction result
by ADSep 30, 2020
this is basic ,i read and i saw some particular basic of economy isn't here
by ACDec 22, 2022
This course was both a quality course for introduction into microeconomics and also surprisingly fun.
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