In this second portion of the three-course specialization covering economics, we're going to be focusing on Microeconomics or the business side of things. This course is also based heavily on my ECON 100 course that I teach here at Rice University. Through lectures, short quizzes, problem sets, and discussions we're going to take a look at subjects such as, costs of production, perfect competition, monopolies, monopolistic competition, oligopolies, and household choices. And you'll still get all the unsolicited food and cooking advice sprinkled in there too :)
Principles of Economics: Microeconomics - Down to Business
Ce cours fait partie de Spécialisation A Story of Economics: A Principles Tale
Instructeur : James DeNicco
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Compétences que vous acquerrez
- Catégorie : Economics
- Catégorie : Business Economics
- Catégorie : Economic Policy
- Catégorie : Economic Growth
- Catégorie : Microeconomics
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Il y a 6 modules dans ce cours
Welcome to the second course of A Story of Economics! Thank you for enrolling! Please take a few minutes and explore the orientation materials that will help you with expectations and what you need to be doing to be successful in this course.
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3 vidéos4 lectures1 sujet de discussion
Welcome to costs of production. We're going to look at the cost that firms typically face when they produce. Now, so far, in course 1, we've talked a lot about revenue. We talked a lot about revenue with elasticity, when it's elastic you lower the price to raise revenue, when it's inelastic you raise the price to raise revenue. But firms, they're not trying to maximize revenue. What are they trying to maximize? Let's find out!
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6 vidéos1 lecture6 devoirs1 sujet de discussion
This is going to be the first of our four different market structures that we're going to look at. Now, when you think of perfect competition, you can think of it more as really like a theoretical boundary. But it's important to understand perfect competition- We're going to be able to compare it to our other market structures, monopoly, monopolistic competition, and oligopoly, so that we can see the benefits and the advantages of competition.
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6 vidéos6 devoirs1 sujet de discussion
Here we're going to be talking about our monopolies. Last time we talked about perfect competition. Our monopoly is really going to be the polar opposite of that. What is our monopoly? Well, let's find out!
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6 vidéos6 devoirs1 sujet de discussion
Welcome to monopolistic competition and oligopoly. What is monopolistic competition? Well as the name portends, it's a hybrid. It's a hybrid between our perfect competition and our monopolies. But that's not all! Let's get into it!
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5 vidéos5 devoirs1 sujet de discussion
Welcome to household choices. We've been talking a lot about our firms. Here now, we're going to start talking more about our households. There's two sides to business, right? There's the buyer, there's the seller. In the labor market, there's the employee and the employer. So here as far as our household goes, who is the household in the goods market? Let's explore!
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9 vidéos10 devoirs1 sujet de discussion
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Rice University
Rice University
Rice University
O.P. Jindal Global University
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Révisé le 30 mai 2024
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