Microeconomics Principles

Microeconomics Principles

This course is part of multiple programs.

Instructor: Dr. José J. Vázquez-Cognet

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201,953 already enrolled

3 modules

Gain insight into a topic and learn the fundamentals.

3,304 reviews

Beginner level

Recommended experience

Flexible schedule

9 hours to complete

Learn at your own pace

97%

Most learners liked this course

3 modules

Gain insight into a topic and learn the fundamentals.

3,304 reviews

Beginner level

Recommended experience

Flexible schedule

9 hours to complete

Learn at your own pace

97%

Most learners liked this course

What you'll learn

Identifying hidden costs of anything

Skills you'll gain

Details to know

Shareable certificate

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Assessments

3 assignments

Taught in English

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There are 3 modules in this course

Most people make the incorrect assumption that economics is ONLY the study of money. My primary goal in this course is to shatter this belief. During this course, we will be addressing the above questions as well as many more relating to:

-the environment -love and marriage -crime -labor markets -education -politics -sports -business My main goal is to show you the way economists think and how to use this analytical system to answer questions related not only to these and other important human issues but to anything you end up doing with your life after this class. After all, as you will quickly find out, I believe that everything is economics!

You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.

What's included

1 video4 readings1 assignment1 discussion prompt1 plugin

1 video Total 3 minutes

Microeconomic Principles at a Glance 3 minutes

4 readings Total 75 minutes

Syllabus 30 minutes
About the Discussion Forums 15 minutes
Updating Your Profile 15 minutes
Social Media 15 minutes

1 assignment Total 10 minutes

Orientation Quiz 10 minutes

1 discussion prompt Total 30 minutes

Getting to Know Your Classmates 30 minutes

1 plugin Total 15 minutes

New Plugin Item 15 minutes

Welcome to your first week in Microeconomics Principles! As you will quickly see, the things you learn in this class will probably help you see the world in a different way. Economics is not just about money, as you may have incorrectly assumed. On the contrary, as you will learn in this lesson, economics is about how society distributes scarce resources. And, since almost anything in the world is a scarce resource, from fossil fuels to suitable romantic partners, we can apply the rules of economics to pretty much anything.

What's included

6 videos1 reading1 assignment1 discussion prompt

6 videos Total 52 minutes

1.1. Welcome to Principles of Microeconomics 5 minutes
2.1. What is Economics? 9 minutes
2.2. Opportunity Costs 6 minutes
2.3. Net Marginal Benefit Principle 9 minutes
2.4. The Invisible Hand Principle 10 minutes
2.5. Trade 13 minutes

1 reading Total 15 minutes

Week 1 Overview 15 minutes

1 assignment Total 30 minutes

Week 1 Quiz 30 minutes

1 discussion prompt Total 60 minutes

Week 1 Discussion Questions 60 minutes

Welcome to your second week in Microeconomics Principles! This module we will cover the hallmark framework of the field: the supply and demand model. I am sure that if you knew any economics words before enrolling in this course those two words were supply and demand. This module you will finally learn what all the fuss is about.

What's included

17 videos1 reading1 assignment1 discussion prompt1 plugin

17 videos Total 122 minutes

1.1. What is a Market? 2 minutes
1.2. The Market for Romantic Relationships 8 minutes
2.1. The Determinants of Demand 4 minutes
2.2. The Demand Function, Schedule, and Curve 7 minutes
2.3. Introducing Comparative Statistics: Changes in the Price 5 minutes
2.4. A Change in Demand, Part 1 14 minutes
2.5. A Change in Demand, Part 2 10 minutes
3.1. The Determinants of Supply 5 minutes
3.2. The Supply Equation, Schedule, and Curve 7 minutes
3.3. Price of an Input Changes 6 minutes
3.4. A Change in Technology 5 minutes
4.1. Supply Surplus, Supply Shortage, and Equilibrium Price 12 minutes
5.1. Changes in Demand: Price of Related Goods 10 minutes
5.2. Changes in Demand: Consumer Preferences 4 minutes
5.3. A Change in Supply 8 minutes
5.4. Simultaneous Change in Supply and Demand 7 minutes
6.1. Demand and Supply Conclusion 8 minutes

1 reading Total 15 minutes

Week 2 Overview 15 minutes

1 assignment Total 30 minutes

Week 2 Quiz 30 minutes

1 discussion prompt Total 60 minutes

Week 2 Discussion Questions 60 minutes

1 plugin Total 15 minutes

New Plugin Item 15 minutes

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Instructor

Instructor ratings

(765 ratings)

Dr. José J. Vázquez-Cognet

University of Illinois Urbana-Champaign

4 Courses 203,021 learners

Offered by

University of Illinois Urbana-Champaign

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Reviewed on Jan 25, 2021

Highly engaging course with questions, real-life examples, and discussion prompts. I would recommend this course for anyone looking for an introduction to microeconomics.

Reviewed on Jul 22, 2020

Its very interesting course. It enabled me to understand the basic principles of microeconomics . It will be much more advantageous for me in both academic and professional filed of my life.

Reviewed on Mar 13, 2019

It's a very well made course. Special thanks to Dr Jose for conveying the fundamentals of Microeconomics in such a lucid and simple way which helps in developing a solid intuition for the subject. :)

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