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Zurück zu Firm Level Economics: Consumer and Producer Behavior

Kursteilnehmer-Bewertung und -Feedback für Firm Level Economics: Consumer and Producer Behavior von University of Illinois at Urbana-Champaign

2,052 Bewertungen
499 Bewertungen

Über den Kurs

All goods and services are subject to scarcity at some level. Scarcity means that society must develop some allocation mechanism – rules to determine who gets what. Over recorded history, these allocation rules were usually command based – 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 in such a way as to find an equilibrium allocation of resources. We will construct demand curves to capture consumer behavior and supply curves to capture producer behavior. The resulting equilibrium price “rations” the scarce commodity. Markets are frequent targets of government intervention. This intervention can be direct control of prices or it could be indirect price pressure through the imposition of taxes or subsidies. Both forms of intervention are impacted by elasticity of demand. After this course, you will be able to: • Describe consumer behavior as captured by the demand curve. • Describe producer behavior as captured by the supply curve. • Explain equilibrium in a market. • Explain the impact of taxes and price controls on market equilibrium. • Explain elasticity of demand. • Describe cost theory and how firms optimize given the constraints of their own costs and an exogenously given price. This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and


12. Mai 2017

In the beginning I thought this was going to be a very basic course, but the way the professor explained the topics really make it interesting a practical, going beyond the classical economic theory.

11. Sep. 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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226 - 250 von 489 Bewertungen für Firm Level Economics: Consumer and Producer Behavior

von Moubana A K

13. Jan. 2018

Excellent course for business decision making .

von Alexander R

11. Nov. 2020

Great course! Learned a lot from Dr. Debrock.

von Devin P

9. Nov. 2020

I had a fantastic experience with this course!

von Hoàng H C

16. März 2020

Good lesson & it is very useful. Thanks a lot

von Harish G

11. Nov. 2020

Amazing course and content by Prof LeBrock !

von Fahim A R

7. Juni 2020

This course explains economics at its roots!

von jodu p b

30. Mai 2020

Its great thing to learn from economic sides

von Esteban M G G

11. Apr. 2020

Excellent course, the instructor is awesome!

von Akriti S

11. Juli 2020

Great course! Strengthened my fundamentals!

von Michael E

28. Nov. 2020

very nice course with very good instructor

von lorenzo b

13. Juli 2020

Exciting course and excellently explained.


11. Nov. 2018

easy understanding and in dept explanation

von Andre F

17. Nov. 2016

Excellent course with a great explanation.

von Apoorva

6. Okt. 2020

I learned demand, supply and English too.

von Adam D

10. Aug. 2016

Larry is really engaging. Great lectures.


10. Sep. 2020

Very helpful course!

Professor is amazing

von Kamal A

16. Dez. 2018

Great Course to Start learning Economics

von R.M.B.M. R A

15. Nov. 2020

Improved knowledge. Gained many skills

von Andrew J

18. Sep. 2019

Great class and Even better instructor

von Anmol A

19. Apr. 2020

Great course and amazing explanations

von Ahsan F

8. Feb. 2020

Loved the course. Very well explained

von Jay K

4. Feb. 2019

whole a lot to learn from this course

von jeferson s d s

27. Okt. 2017

ótimo curso e um excelente professor.

von Fathima R K

10. Aug. 2020

The concepts were explained lucidly.

von Ahmad U H

2. Apr. 2020

Excellent course and great learning.