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Learner Reviews & Feedback for Firm Level Economics: Consumer and Producer Behavior by University of Illinois Urbana-Champaign

4.8
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2,436 ratings

About the Course

All goods and services are subject to scarcity at some level, which requires that society develop some allocation mechanism to determine who
gets what. Over recorded history, these allocation rules were usually command based, meaning that the king or the emperor would decide. In
contemporary times, most countries have turned to market-based allocation systems. In markets, prices act as rationing devices, encouraging
or discouraging production and encouraging or discouraging consumption to find an equilibrium allocation of resources. To understand this
process, businesses construct demand curves to capture consumer behavior and consider supply curves to capture producer...
...

Top reviews

S

Feb 16, 2020

Larry is one of my all time favorite professors. No one teaches price theory like him. He makes the material entertaining and creates an enjoyable learning experience. I wish he taught more courses.

KS

Sep 11, 2019

This was awesome. I did not know Firm Level Economics when I joined this course. The explanations were simple and Prof DeBrock explained really difficult concepts in a very easy to understand manner.

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By SHREYA R

Sep 23, 2024

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Sep 8, 2024

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Oct 27, 2020

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Oct 24, 2020

nice