Microeconomics Principles

Microeconomics Principles

This course is part of multiple programs.

Instructor: Dr. José J. Vázquez-Cognet

204,521 already enrolled

Included with Learn more

Ask Coursera

3 modules

Gain insight into a topic and learn the fundamentals.

3,310 reviews

Beginner level

Recommended experience

Flexible schedule

9 hours to complete

Learn at your own pace

97%

Most learners liked this course

3 modules

Gain insight into a topic and learn the fundamentals.

3,310 reviews

Beginner level

Recommended experience

Flexible schedule

9 hours to complete

Learn at your own pace

97%

Most learners liked this course

What you'll learn

Identifying hidden costs of anything

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

3 assignments

Taught in English

See how employees at top companies are mastering in-demand skills

Learn more about Coursera for Business

logos of Petrobras, TATA, Danone, Capgemini, P&G and L'Oreal

Build your subject-matter expertise

This course is available as part of

When you enroll in this course, you'll also be asked to select a specific program.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 3 modules in this course

Most people make the incorrect assumption that economics is ONLY the study of money. My primary goal in this course is to shatter this belief. During this course, we will be addressing the above questions as well as many more relating to:

-the environment -love and marriage -crime -labor markets -education -politics -sports -business My main goal is to show you the way economists think and how to use this analytical system to answer questions related not only to these and other important human issues but to anything you end up doing with your life after this class. After all, as you will quickly find out, I believe that everything is economics!

You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.

What's included

1 video4 readings1 assignment1 discussion prompt1 plugin

1 videoTotal 3 minutes

Microeconomic Principles at a Glance3 minutes

4 readingsTotal 75 minutes

Syllabus30 minutes
About the Discussion Forums15 minutes
Updating Your Profile15 minutes
Social Media15 minutes

1 assignmentTotal 10 minutes

Orientation Quiz10 minutes

1 discussion promptTotal 30 minutes

Getting to Know Your Classmates30 minutes

1 pluginTotal 15 minutes

New Plugin Item15 minutes

Welcome to your first week in Microeconomics Principles! As you will quickly see, the things you learn in this class will probably help you see the world in a different way. Economics is not just about money, as you may have incorrectly assumed. On the contrary, as you will learn in this lesson, economics is about how society distributes scarce resources. And, since almost anything in the world is a scarce resource, from fossil fuels to suitable romantic partners, we can apply the rules of economics to pretty much anything.

What's included

6 videos1 reading1 assignment1 discussion prompt

6 videosTotal 52 minutes

1.1. Welcome to Principles of Microeconomics5 minutes
2.1. What is Economics?9 minutes
2.2. Opportunity Costs6 minutes
2.3. Net Marginal Benefit Principle9 minutes
2.4. The Invisible Hand Principle10 minutes
2.5. Trade13 minutes

1 readingTotal 15 minutes

Week 1 Overview15 minutes

1 assignmentTotal 30 minutes

Week 1 Quiz30 minutes

1 discussion promptTotal 60 minutes

Week 1 Discussion Questions60 minutes

Welcome to your second week in Microeconomics Principles! This module we will cover the hallmark framework of the field: the supply and demand model. I am sure that if you knew any economics words before enrolling in this course those two words were supply and demand. This module you will finally learn what all the fuss is about.

What's included

17 videos1 reading1 assignment1 discussion prompt1 plugin

17 videosTotal 122 minutes

1.1. What is a Market?2 minutes
1.2. The Market for Romantic Relationships8 minutes
2.1. The Determinants of Demand4 minutes
2.2. The Demand Function, Schedule, and Curve7 minutes
2.3. Introducing Comparative Statistics: Changes in the Price5 minutes
2.4. A Change in Demand, Part 114 minutes
2.5. A Change in Demand, Part 210 minutes
3.1. The Determinants of Supply5 minutes
3.2. The Supply Equation, Schedule, and Curve7 minutes
3.3. Price of an Input Changes6 minutes
3.4. A Change in Technology5 minutes
4.1. Supply Surplus, Supply Shortage, and Equilibrium Price12 minutes
5.1. Changes in Demand: Price of Related Goods10 minutes
5.2. Changes in Demand: Consumer Preferences4 minutes
5.3. A Change in Supply8 minutes
5.4. Simultaneous Change in Supply and Demand7 minutes
6.1. Demand and Supply Conclusion8 minutes

1 readingTotal 15 minutes

Week 2 Overview15 minutes

1 assignmentTotal 30 minutes

Week 2 Quiz30 minutes

1 discussion promptTotal 60 minutes

Week 2 Discussion Questions60 minutes

1 pluginTotal 15 minutes

New Plugin Item15 minutes

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.

Instructor

Instructor ratings

(765 ratings)

Dr. José J. Vázquez-Cognet

University of Illinois Urbana-Champaign

4 Courses205,774 learners

Offered by

University of Illinois Urbana-Champaign

Explore more from Economics

Rice University
Principles of Economics: Introduction - Getting to Know You
Course
Status: Free Trial
University of Illinois Urbana-Champaign
Market Equilibrium, Government Policy & Elasticity
Course
Status: Free Trial
University of Illinois Urbana-Champaign
Microeconomics Principles
Specialization
Status: Free Trial
Rice University
Principles of Economics: Microeconomics - Down to Business
Course
Status: Free Trial

Why people choose Coursera for their career

Felipe M.

Learner since 2018

"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."

Jennifer J.

Learner since 2020

"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."

Larry W.

Learner since 2021

"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."

Chaitanya A.

"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."

Learner reviews

5 stars
82.36%
4 stars
14.58%
3 stars
1.41%
2 stars
0.54%
1 star
1.08%

Showing 3 of 3310

Reviewed on Apr 24, 2020

Wonderful course that gave insight to economic principles around us. Application of principles in real life was made easy. The instructor's language clarity made the concepts to be crisp and clear.

Reviewed on Jan 11, 2017

This is one of finest course to know the basics and to enhance the microeconomics principles. Professor explained all concepts with simple examples that we will never forget.

Reviewed on Feb 25, 2021

This course of microeconomics has helped me a lot to understand market prospects and day to day economic problem that we face.....Really interesting and appreciable couse!!!!!

View more reviews

Unlock access to 10,000+ courses with a subscription
Advance your career with an online degree
Earn a degree from world-class universities - 100% online
Join over 4,700 global companies that choose Coursera for Business

Frequently asked questions

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.