About this Course

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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. 8 hours to complete

English

Subtitles: English

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. 8 hours to complete

English

Subtitles: English

Offered by

University of Rochester logo

University of Rochester

Syllabus - What you will learn from this course

Week
1

Week 1

2 hours to complete

Week 5 - Production

2 hours to complete
8 videos (Total 57 min)
8 videos
Total, Average, and Marginal Product Curves 7m
The Law of Diminishing Marginal Returns 4m
Production in the Long Run 5m
Trading Off Inputs in Production 5m
Returns to Scale 7m
Short-run Cost of Production7m
The Relationship Between Cost Curves 11m
1 practice exercise
Week 5 Quiz40m
Week
2

Week 2

2 hours to complete

Week 6 - Cost Minimization

2 hours to complete
9 videos (Total 87 min)
9 videos
The Golden Rule of Cost Minimization 11m
Applying the Golden Rule of Cost Minimization14m
Long Run Cost Curves13m
The Importance of Cost Curves to Market Structure and Efforts to Abate Pollution 8m
Perfect Competition: Key Assumptions6m
Short-run Profit Maximization 4m
The Competitive Firm’s Short-Run Supply Curve and the Shutdown Condition 12m
Output Response to Input Price Changes5m
1 practice exercise
Week 6 Quiz40m
Week
3

Week 3

2 hours to complete

Week 7 - Profit Maximization in Perfectly Competitive Markets

2 hours to complete
10 videos (Total 92 min)
10 videos
Long-run Competitive Equilibrium 10m
The Long-run Industry Supply Curve 12m
Key Points About the Long-run Industry Supply Curve 9m
Producer Surplus 3m
Competition Maximizes Total Surplus 9m
Who Bears the Burden of Excise Taxes?14m
The Deadweight Loss of Excise Taxes 5m
City Taxicab Markets 7m
The Net Gains From Trade 11m
1 practice exercise
Week 7 Quiz40m
Week
4

Week 4

2 hours to complete

Week 8 - Monopoly Power: Its Sources and How to Use It

2 hours to complete
10 videos (Total 95 min)
10 videos
Monopoly and Profit Maximization 5m
Monopoly Price and Its Relationship to Elasticity of Demand 8m
Further Implications of Monopoly Analysis 11m
The Measurement and Sources of Monopoly Power 5m
The Sources of Monopoly Power 11m
The Efficiency Effects of Monopoly8m
Public Policy Toward Monopoly 11m
Price Discrimination 12m
Three Necessary Conditions for Price Discrimination 12m
1 practice exercise
Week 8 Quiz40m

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

  • You will be eligible for a full refund until two weeks after your payment date, or (for courses that have just launched) until two weeks after the first session of the course begins, whichever is later. You cannot receive a refund once you’ve earned a Course Certificate, even if you complete the course within the two-week refund period. See our full refund policy.

  • Yes, 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. Learn more.

More questions? Visit the Learner Help Center.