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

1,499 Bewertungen
371 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



May 13, 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.


Sep 12, 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 364 Bewertungen für Firm Level Economics: Consumer and Producer Behavior

von wuxiangting

May 30, 2017

Great basic introduction


Apr 28, 2020

Very informative course

von Sujisha T

Sep 20, 2020

That's a good learning

von Anshul S

Jun 11, 2016

Very articulate course

von S A

Jul 06, 2020

Excellent opportunity

von Devanshi J

Jul 02, 2020

It was a great course

von Eliane D

Dec 06, 2017

it's was interesting.

von Ravi K J

May 03, 2020

well structure couse

von Gautham B

Feb 02, 2019

Incredible professor

von Vy H

May 10, 2017

Really useful for me

von Chris K

Feb 15, 2020

excellent professor

von Viral S

Sep 09, 2019

Excellent framework

von Tran T U

Aug 06, 2018

Easy to understand!

von Tiberiu I

Jun 28, 2016

I love the teacher!

von Dr. U P S

Aug 24, 2020

Excellent approach

von Cindia E L

Aug 20, 2020

A very good course

von jyoti o

Aug 14, 2020


von Aziz M P

Jan 24, 2018

Well taught course

von Tran V N T

Mar 14, 2016

I like this course


Aug 24, 2020

fantastic content


May 29, 2020

It's good course.

von Ryan W C

Feb 10, 2020

Superb professor.

von Xin L

Feb 04, 2020

Wonderful course.


Sep 15, 2019

excellent content

von Frank A

Sep 07, 2019

Excellent course!