AC
5.0Reviewed Dec 22, 2022
This course was both a quality course for introduction into microeconomics and also surprisingly fun.
This was very help of everything i need to know about managing and dealing with different kinds of real world problems.
The Power of Markets I: The Basics of Supply and Demand and Consumer Behavior
This opening module of the Power of Markets course covers the basic assumptions about market participants made by economists, the concept of opportunity cost, and the key determinants of supply and demand. We will then learn how to use the supply-demand framework to explain and predict market outcomes and to show how government policies affect those market outcomes. We will look at how quantity demanded and supplied respond to their key determinants in quantitative (elasticity) as well as qualitative terms. The last two weeks of the first module will investigate consumer behavior more closely and show how consumer choices are driven by the interplay of preferences and budget constraints. We will employ the consumer choice framework to examine investor choice as well as policies such as ObamaCare and school choice. Finally, we will also address the concept of how to distribute a given amount of goods across a society’s consumers in the most efficient manner.
Status: Policy Analysis
Status: Market Dynamics
BeginnerCourse7 hours
Featured reviews
DC
5.0Reviewed Mar 22, 2023
Excellent course. Great lectures. Textbook it is based on is first rate.
P
5.0Reviewed Dec 3, 2022
This course is intersting one improves our knowledge
AD
4.0Reviewed Sep 30, 2020
this is basic ,i read and i saw some particular basic of economy isn't here
TN
5.0Reviewed Mar 27, 2025
It was easy, and helpful for me, a beginning. Thank you very much for this course, much appropriation.
A
5.0Reviewed Apr 7, 2018
The instructor was very nice. He explained every topic with real world examples which made the course easier to understand and interesting.
AJ
5.0Reviewed Oct 6, 2018
it is a very good course. i understand many things on demand and supply and different curves . thank you...........
RB
5.0Reviewed Apr 18, 2017
The course that changes way of thinking. Thank you a lot for this.
JD
5.0Reviewed Jan 26, 2017
This was very help of everything i need to know about managing and dealing with different kinds of real world problems.
AM
5.0Reviewed Oct 17, 2022
Really it was nice course to learn from this platform. It helped me a lot in my professional carrier.
DS
5.0Reviewed Sep 25, 2020
in this course i have learn lot of thinking related to microeconomics .very good facuilty
MM
5.0Reviewed Mar 11, 2019
Great course to introduce yourself to basic concepts in microeconomics!
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James dehijar
5.0
Reviewed Jan 27, 2017Felipe Orlando Gabriel Chávez Bustamante
5.0
Reviewed Sep 19, 2016Excellent course. Examples given are very well explained, the professor is pretty clear and has a nice approach when talking. An excelent course for people interested in Microeconomics, although you might need at least an Economics Introductory Course to get the hang of it.
Abolaji Adesoji
5.0
Reviewed Dec 18, 2017This course was really helpful as it provided in-depth understanding and a unique perspective to supply chain management. In addition, the lecturer was quite articulate despite the highly technical concepts introduced and explained. Highly recommended!
5.0
Reviewed Jun 21, 2016Great revision for economics supply and demand and consumer behavior.
The course is a challenging reinforcement to supply and demand basics.
This course offers a lot of practice to revise those basic economic concepts.
HIROAKI
5.0
Reviewed Jan 4, 2016I have taken this course to learn this topic in English. I had studied this topic in my language. This topic was a little bit confusing, but I could understand thanks to this .
Wei Zhu
5.0
Reviewed Sep 2, 2019Dear Professor Mark Zupan,
Thank you very much for your great course, which has helped me to understand the theory and methodology of Economics deeply.
Best wishes.
Wei Zhu
Arvind Darshna
5.0
Reviewed Jun 7, 2020It was a wonderful experience, how the concept of economics is related in day-to-day activities is told in a conceptual manner. It was a great time learning the concepts.
Armaan
5.0
Reviewed Apr 8, 2018The instructor was very nice. He explained every topic with real world examples which made the course easier to understand and interesting.
ROSHAN RAJ
5.0
Reviewed May 17, 2020its an awesome experience by learning through coursera and it helps me a lot nd by soving quiz it give me a satisfaction result
ANURAG JAIN
5.0
Reviewed Oct 7, 2018it is a very good course. i understand many things on demand and supply and different curves . thank you...........
Tinyiko Nkosi
5.0
Reviewed Mar 28, 2025It was easy, and helpful for me, a beginning. Thank you very much for this course, much appropriation.
Abdul Manan
5.0
Reviewed Oct 18, 2022Really it was nice course to learn from this platform. It helped me a lot in my professional carrier.
Alexander Csorba
5.0
Reviewed Dec 23, 2022This course was both a quality course for introduction into microeconomics and also surprisingly fun.
DHARMENDRA SAINI
5.0
Reviewed Sep 26, 2020in this course i have learn lot of thinking related to microeconomics .very good facuilty
Sergienko Alisa
5.0
Reviewed Apr 14, 2020It was a wonderful course, it made my brain work hard：）Thank you very much!
Daniel T. Casey
5.0
Reviewed Mar 23, 2023Excellent course. Great lectures. Textbook it is based on is first rate.
Mario Josue Cunningham Matamoros
5.0
Reviewed Mar 12, 2019Great course to introduce yourself to basic concepts in microeconomics!
Roman Bastow
5.0
Reviewed Apr 19, 2017The course that changes way of thinking. Thank you a lot for this.
Pranav Gorijavolu 22110725104
5.0
Reviewed Dec 4, 2022This course is intersting one improves our knowledge
Alpesh Leua
5.0
Reviewed Sep 25, 2020Very nicely explanation of each and every topic