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

1,583 Bewertungen
396 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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351 - 375 von 389 Bewertungen für Firm Level Economics: Consumer and Producer Behavior

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.

von Roy W

Sep 09, 2019

Need more video examples of problems.

von Faig K

Jan 29, 2018

There a lot of graphs on this course.

von Bob H

Mar 09, 2017

Really liked the peer review process.

von ricardo p o

Apr 04, 2017

great course, clear and dinamic.

von N. N

Aug 24, 2020


von Jun Z

Mar 03, 2017

A useful elementary course.

von Bisma I

May 28, 2019

Good experience of mine

von Đại N Q

Oct 23, 2020

very practical lesson.

von Clare P

May 23, 2016

It is well organized.

von Keron S W

Oct 14, 2020

Thank for knowledge

von Fedor G

Mar 14, 2016

Really good course!


Oct 09, 2020

Good to learn more

von Harshida K

May 15, 2020

Good course ever.

von Angel P A

Jul 29, 2020



Jan 02, 2019


von Romain V

Jun 17, 2016

Complex. Bu

von Devesh Y

Oct 28, 2020


von ROOPA. A

Sep 18, 2020