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

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498 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 onlinemba.illinois.edu....

Top-Bewertungen

KS
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.

FP
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.

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451 - 475 von 489 Bewertungen für Firm Level Economics: Consumer and Producer Behavior

von ricardo p o

4. Apr. 2017

great course, clear and dinamic.

von U16CE007 T S

3. Dez. 2020

Prof. Larry DeBrock was amazing

von N. N

24. Aug. 2020

ISSUES IN RECEIVING CERTIFICATE

von Jun Z

2. März 2017

A useful elementary course.

von SARMAD H

24. Nov. 2020

very informative course

von Bisma I

28. Mai 2019

Good experience of mine

von Đại N Q

23. Okt. 2020

very practical lesson.

von Clare P

22. Mai 2016

It is well organized.

von Keron S W

14. Okt. 2020

Thank for knowledge

von Fedor G

14. März 2016

Really good course!

von POOJA V L

9. Okt. 2020

Good to learn more

von Kayphet I

5. Apr. 2021

Wonderful course!

von Harshida K

14. Mai 2020

Good course ever.

von Anurag t

17. Apr. 2021

Happy learning

von Siddharth S N

27. Nov. 2020

Great content

von Angel P A

29. Juli 2020

NICE COURSE

von ERASMO S

2. Jan. 2019

Excelent!!!

von Romain V

17. Juni 2016

Complex. Bu

von Devesh Y

28. Okt. 2020

amazing

von ROOPA. A

18. Sep. 2020

Helpful

von VAKKALAGADDA V

8. März 2021

GREAT

von LAKKA V K 1

16. März 2021

Good

von K M B 1

6. März 2021

NICE

von Chơn N V

3. Okt. 2020

good

von Kothalawala L H D

27. Juni 2020

good