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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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359 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

FP

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.

KS

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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251 - 275 von 355 Bewertungen für Firm Level Economics: Consumer and Producer Behavior

von Anthony C j

Sep 16, 2019

Loved the class!

von MT

Nov 17, 2018

excellent course

von Libor T

Apr 04, 2017

good recolection

von Keith M K

Nov 15, 2016

Great instructor

von FATHIMA P L

Jul 10, 2020

Nice experience

von M A G

Jun 03, 2020

Nice experience

von Christopher C

Jun 01, 2016

Very well done!

von Bawa J T

Jul 07, 2020

amazing course

von Manan S

Jun 09, 2020

Amazing course

von krishnath s

Feb 15, 2020

Great course !

von Karthik S J

Jan 24, 2020

Great lectures

von 王越阳

May 25, 2017

nice professor

von Le T T V

Jun 25, 2020

Thank for all

von sulthana S

May 28, 2020

Useful course

von Emiliano A

Feb 18, 2020

Great course!

von Artem A

Sep 06, 2019

Great course!

von Meena G

Feb 05, 2019

Great course!

von Luis R A

Mar 14, 2017

Great course!

von Mancha J S

Jul 26, 2020

Great course

von Vidushi G

Jun 23, 2020

Great Course

von Gerardo A J

Feb 07, 2019

Great course

von Hamada S S

Jan 29, 2019

Great Course

von Nikolaos P

Mar 04, 2018

Great Course

von OLALEKAN O R

Aug 22, 2020

Nice course

von Dr T K K

Aug 20, 2020

Very useful