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.
Perhaps more importantly, you will also learn how to apply these principles to a wide variety of real world situations in both your personal and professional lives. In this way, the Power of Microeconomics will help you prosper in an increasingly competitive environment.
Note that this course is a companion to the Power of Macroeconomics. If you take both courses, you will learn all of the major principles normally taught in a year-long introductory economics college course.
The Power of Microeconomics: Economic Principles in the Real World
Offered By
University of California, Irvine
Syllabus - What you will learn from this course
Week
1Welcome
1 video (Total 7 min), 1 reading, 1 quiz
1 video
1 reading
Syllabus10m
1 practice exercise
Check Your Economics Knowledge (Ungraded)s
Week
2An Introduction to Microeconomics
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
Week
3Supply, Demand and Equilibrium
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
Week
4Demand and Consumer Behavior
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
Instructor
Dr. Peter Navarro
ProfessorPaul Merage School of Business
About 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.
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.
What is the refund policy?
Is financial aid available?
More questions? Visit the Learner Help Center.
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