About this Course

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Learner Career Outcomes

25%

started a new career after completing these courses

42%

got a tangible career benefit from this course

33%

got a pay increase or promotion
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.
Beginner Level

None

Approx. 27 hours to complete
English
Subtitles: English, Spanish, Chinese (Simplified)

What you will learn

  • Identifying hidden costs of anything

Skills you will gain

EconomicsCritical ThinkingMicroeconomicsEconomic Analysis

Learner Career Outcomes

25%

started a new career after completing these courses

42%

got a tangible career benefit from this course

33%

got a pay increase or promotion
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.
Beginner Level

None

Approx. 27 hours to complete
English
Subtitles: English, Spanish, Chinese (Simplified)

Offered by

University of Illinois at Urbana-Champaign logo

University of Illinois at Urbana-Champaign

Syllabus - What you will learn from this course

Content RatingThumbs Up97%(10,516 ratings)Info
Week
1

Week 1

2 hours to complete

Course Orientation

2 hours to complete
1 video (Total 3 min), 4 readings, 1 quiz
4 readings
Syllabus30m
About the Discussion Forums15m
Updating Your Profile15m
Social Media15m
1 practice exercise
Orientation Quiz10m
3 hours to complete

Introduction and Basic Principles

3 hours to complete
6 videos (Total 52 min), 1 reading, 1 quiz
6 videos
2.1. What is Economics?9m
2.2. Opportunity Costs6m
2.3. Net Marginal Benefit Principle8m
2.4. The Invisible Hand Principle9m
2.5. Trade13m
1 reading
Week 1 Overview15m
1 practice exercise
Week 1 Quiz30m
Week
2

Week 2

4 hours to complete

Supply and Demand

4 hours to complete
17 videos (Total 122 min), 1 reading, 1 quiz
17 videos
1.2. The Market for Romantic Relationships7m
2.1. The Determinants of Demand4m
2.2. The Demand Function, Schedule, and Curve7m
2.3. Introducing Comparative Statistics: Changes in the Price4m
2.4. A Change in Demand, Part 113m
2.5. A Change in Demand, Part 210m
3.1. The Determinants of Supply4m
3.2. The Supply Equation, Schedule, and Curve7m
3.3. Price of an Input Changes5m
3.4. A Change in Technology4m
4.1. Supply Surplus, Supply Shortage, and Equilibrium Price12m
5.1. Changes in Demand: Price of Related Goods10m
5.2. Changes in Demand: Consumer Preferences4m
5.3. A Change in Supply7m
5.4. Simultaneous Change in Supply and Demand6m
6.1. Demand and Supply Conclusion8m
1 reading
Week 2 Overview15m
1 practice exercise
Week 2 Quiz30m
Week
3

Week 3

3 hours to complete

Market Efficiency and Government Policies

3 hours to complete
10 videos (Total 67 min), 1 reading, 1 quiz
10 videos
2.1. What is Consumer Surplus?8m
2.2. Consumer Surplus and the Demand Curve3m
3.1. What is Producer Surplus?3m
3.2. Producer Surplus and the Supply Curve3m
4.1. Total Surplus: The Graphical Argument for Free Markets9m
5.1. Price Ceilings8m
5.2. Price Floors11m
6.1. Could We Reduce the Shortage of Human Organs?7m
6.2. Application: Playoff Tickets and Scalping Laws3m
1 reading
Week 3 Overview15m
1 practice exercise
Week 3 Quiz30m
Week
4

Week 4

3 hours to complete

Elasticities

3 hours to complete
14 videos (Total 89 min), 1 reading, 1 quiz
14 videos
2.1. Definition and Classifying Price Elasticities of Demand10m
2.2. Price Elasticity of Demand and Revenue4m
2.3. Determinants of Price Elasticity of Demand10m
2.4. Price Elasticities of Demand and the Linear Demand Curve5m
3.1. Income Elasticity of Demand5m
3.2. Cross-Price Elasticity of Demand8m
4.1. Definition of Price Elasticity of Supply2m
4.2. Determinants of Price Elasticity of Supply2m
5.1. Introduction to Per-Unit Taxes4m
5.2. The Distributional Effects of Tax13m
5.3. Taxes and Surplus4m
6.1. Should Black Dog Increase the Price of Their Sandwiches?2m
6.2. Other Applications of Price Elasticity8m
1 reading
Week 4 Overview15m
1 practice exercise
Week 4 Quiz30m

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