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

1,560 Bewertungen
388 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



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.


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.

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326 - 350 von 380 Bewertungen für Firm Level Economics: Consumer and Producer Behavior

von Nguyễn V Đ

Oct 14, 2019


von Fazil M A

May 10, 2019


von Adler J

Dec 02, 2017


von Subrat G

Feb 15, 2017


von Kira

Feb 08, 2020

Content was informative and not too difficult, but I do have a lot of Algebra, Geometry, and Calculus background. I didn't like the peer reviews as much. They are fun to do, but waiting for grades from peers gets cumbersome and you usually have to beg for reviews. On top of that, you're too subject to the peer's understanding of the content. On one of the assignments one of the peers clearly had no clue about content, didn't read the professor's criteria for grading, and graded well in the wrong. Fortunately, the lowest scores are dropped. Otherwise, I would've raked the peer over the coals with support. I personally wish they'd drop the peer-reviewed assessments, but still plan on working towards an mba. Some level of calculus required might be good too or at least a middle school refresher of slopes.

von Elizabeth L

Aug 07, 2017

Overall, I thought the course was really well done. I thought the lectures made the material very easy to digest, both in terms of presentation and amount of time allocated to each lecture. I found the additional readings very helpful (except for McAfee). However, I found some of the assignment and quiz questions confusing, in that they did not provide enough detail about what the question was really looking for in terms of a complete answer. Otherwise, I learned a lot and plan on taking the next course in the series.

von Melvin P

Sep 27, 2017

A good introduction of microeconomics, but I feel that the content of this course leans towards the theoretical and it didn't have any depth on the various topics (this is coming from someone who studied engineering and took some courses on finance and accounting). I must applaud Prof. Larry DeBrock to be a great lecturer. His enthusiasm and use of real world examples (even if they lacked depth) captured my attention throughout the course.

von Daniel K O

Jun 15, 2018

Larry does a great job explaining concepts and making them relatable to every day life. The occasional "field trips" give a real world perspective on how economics plays a hand everyday in the world around us. The only issue comes in the peer reviews where you can end up on the short end of the stick and not have anyone review your assignments for the week at all.

von Felix B

May 03, 2018

Well organized, perfectly flexible class with a nice professor. As a total stranger to this topic I really learned a lot and wasn't overwhelmed. 5 stars if you communicate from beginning on that the readings are optional but that it is highly recommended to read at least parts of them. Had a bit of a time issue in the first week.

von John S

Feb 28, 2019

Peer review took awhile for Module #4, alittle stressful as the deadline looms. Not a infrastructure issue, even emails to individuals were barely successful, need to improve on my part to do it earlier or how to influence peer reviews.

von Bruno J L A S

Jun 21, 2016

I really enjoyed this course and definitely recommend it. The instructor was great. I am removing one star because I feel that it needs a little bit more of real problem solving and a small amount more of mathematical derivations.

von John A

Sep 20, 2020

A background knowledge of microeconomics would most likely help many. The lectures were awesome but acing the quizzes might be difficult for anyone with little foreknowledge in microeconomics.

von Patnana N K

Jul 11, 2020

Everything is fine but regarding my economics subject, where i got some lagg while understanding because somewhat the examples are varies from one country to another country.

von Sanne S

Jan 04, 2018

Really liked this course. Only thing I'd wish to change would be to get an explanation of the answers to the assignments after they've been reviewed by the other peers.

von Yash S M

Jul 28, 2020

Excellent for beginners. Four modules basically cover all the basics needed to understand economics specially at Firm level when its a short run scenario.

von Gautam R

Feb 10, 2016

Please unlock case solutions in advance so we can assess our peers correctly

Otherwise great class with great references to other videos as well

von Юрко П П

May 24, 2020

Great course. Learned more new information that I need. One problem, for some reason I finished the course, but certificate isn't given to me.

von Eric M L E

Mar 08, 2019

Very interesting material and well-delivered and understandable / accessible. Not entirely sure of it's real-world applicability just yet.

von Sumit M

Aug 04, 2020

It was a wonderful journey of knowing the basics of economics and understanding the concepts of economic


Sep 08, 2020

this was my first time taking an economics course. it was difficult to understand the curves concept

von Aya M E

Jul 25, 2020


von Jacques P P

Dec 09, 2018

Nice warm up module for further analysis of consumer and producer behavior.


Sep 24, 2020

Such a good platform to to learn more . Thank you for your teaching.

von HAWK R

May 11, 2020

Good course. Imperative to take notes and review transcript.

von Ed V

Feb 18, 2020

module 4 needs a little bit more work for extra clarity.