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, Irvine
About 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
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
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Flexible deadlines
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Approx. 22 hours to complete
Suggested: 11 hours of videos and quizzes
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
4.6
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.\n\nVery 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 ABMay 31, 2016
Great course,, easy to follow and informative. I would love to see a case study to follow through some examples as it would be an interesting way to tie together some information.
by PDOct 3, 2015
Would help to have problem sets with more challenging questions.Quizes too easy and had too much emphasis on memorization.Lectures were good-concise and interesting.
by DDAug 18, 2019
Good introduction or reintroduction to key economic concepts. Each module is self contained. Could help to broaden the worldview to not just America though.
by DVOct 7, 2017
Muy bueno, me ayudo bastante a razonar los situaciones vividas en el ámbito laboral. Igual, con conceptos que no necesariamente son sencillos de aprender.
by RSSep 25, 2015
Its really a good for people with no knowledge on economics to understand some basic things which might help them to have a better life economically.
by CBMar 17, 2016
Great course! Real life examples and great explanations make the learning curve so much more applicable and fun. Really enjoying the course. Thanks!
by AKAug 29, 2019
Thank you, Professor P. Navarro. Your lecture of Microeconomics has been very helpful, especially with real-life historic and fiction illustrations.
by DMar 19, 2020
Enjoyed this and learned a lot. I should have taken this first before the companion Macroeconomics course but it all worked out fine in the end.
by SRNov 25, 2015
Excellent course and presentation with basic to advance level of understanding. This has been a great help in thorough understanding of subject.
by SBOct 4, 2015
some of the slayts were hard to read just because of its page color.\n\nexamples from real life were the best part of the program. thanks!
Frequently Asked Questions
When will I have access to the lectures and assignments?
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.
What will I get if I purchase the Certificate?
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.
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Is financial aid available?
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