In this course, you will learn all of the major principles of microeconomics normally taught in a quarter or semester course to college undergraduates or MBA students.
Offered By
The Power of Microeconomics: Economic Principles in the Real World
University of California, IrvineAbout this Course
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Learner Career Outcomes
30%
started a new career after completing these courses
21%
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. 20 hours to complete
English
Subtitles: English, Ukrainian, Chinese (Simplified)
Learner Career Outcomes
30%
started a new career after completing these courses
21%
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. 20 hours to complete
English
Subtitles: English, Ukrainian, Chinese (Simplified)
Offered by
University of California, Irvine
Since 1965, the University of California, Irvine has combined the strengths of a major research university with the bounty of an incomparable Southern California location. UCI’s unyielding commitment to rigorous academics, cutting-edge research, and leadership and character development makes the campus a driving force for innovation and discovery that serves our local, national and global communities in many ways.
Syllabus - What you will learn from this course
1 hour to complete
Welcome
1 hour to complete
1 video (Total 7 min), 1 reading, 1 quiz
1 video
1 reading
Syllabus10m
1 practice exercise
Check Your Economics Knowledge (Ungraded)1h
1 hour to complete
An Introduction to Microeconomics
1 hour to complete
5 videos (Total 24 min), 1 reading, 1 quiz
5 videos
The Production Possibility Frontier and Opportunity Costs 6m
The Fundamental Concepts of Microeconomics and Course Overview 5m
Other Reasons for Government Regulation3m
An Overview of Land, Labor, and Capital Markets; Externalities and Public Goods 2m
1 reading
Module Overview10m
1 practice exercise
An Introduction to Microeconomics48m
1 hour to complete
Supply, Demand and Equilibrium
1 hour to complete
4 videos (Total 27 min), 1 reading, 1 quiz
4 videos
Change in Demand vs. Change in Quantity Demanded; The Market Demand and Supply Curves; Supply Curve Shift Factors 5m
Equilibrium; Price Effects of Supply and Demand Curve Shifts; Price Controls and Floors 5m
The Market Allocates Goods & Resources- What, For Whom, and How; Some Cool Examples 10m
1 reading
Module Overview10m
1 practice exercise
Supply, Demand and Equilibrium36m
2 hours to complete
Demand and Consumer Behavior
2 hours to complete
4 videos (Total 35 min), 1 reading, 1 quiz
4 videos
Consumer Optimization and the Equimarginal Principle; Income and Substitution Effects 7m
Demand Price Elasticity and its Determinants11m
Price Elasticity and Total Revenue8m
1 reading
Module Overview10m
1 practice exercise
Demand and Consumer Behavior50m
Reviews
TOP REVIEWS FROM THE POWER OF MICROECONOMICS: ECONOMIC PRINCIPLES IN THE REAL WORLD
by OPOct 6, 2015
The course touches upon the various elements and concepts of Microeconomics very clearly and in a concise fashion. Very good course for anyone who wishes to understand the basics of microeconomics.
by GTAug 18, 2015
Great class, extremely useful and with enough introductory mathematical concepts to clarify the claims it makes and create theoretical understanding behind the theories. Definitely recommended.
by SSJun 27, 2020
A very worthy course to take. Lots of theories, graphical representations and real-life examples. Some more explanation while describing complex economic graphs would make it a perfect one!
by PSMay 25, 2020
A very helpful course living up to the reputation of the university, imparting the quality education on the topic. A must do for almost everyone irrespective of their age and backgrounds
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