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

1,565 Bewertungen
389 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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201 - 225 von 382 Bewertungen für Firm Level Economics: Consumer and Producer Behavior

von Kamal A

Dec 16, 2018

Great Course to Start learning Economics

von Andrew J

Sep 18, 2019

Great class and Even better instructor

von Anmol A

Apr 19, 2020

Great course and amazing explanations

von Ahsan F

Feb 08, 2020

Loved the course. Very well explained

von Jay K

Feb 04, 2019

whole a lot to learn from this course

von jeferson s d s

Oct 27, 2017

ótimo curso e um excelente professor.

von Fathima R K

Aug 10, 2020

The concepts were explained lucidly.

von Ahmad U H

Apr 02, 2020

Excellent course and great learning.

von Erik W

Sep 08, 2019

Great Introduction to price theory!

von Virat k

Oct 02, 2020

Good way to provide good knowledge

von Romayne W

Apr 12, 2020

This is a very interesting course.

von V.V.L.N. S

Oct 31, 2019

This is a good course. I liked it.


Jul 25, 2020

He made it so easy to understand.

von Breno P R

Jun 22, 2020

Really good course for beginners.

von Mariano S C

Oct 04, 2019

great, to the point and fast pace

von James S

Mar 05, 2018

Great class and great Professor!

von Ritesh J

Jun 12, 2020

Very good course for beginners.

von J P S K

Jul 26, 2020

Excellent course! Very usefull


Jul 17, 2020

It was an amazing experience.

von Jasir J

Jul 16, 2020

Excellent teaching method...

von Jason T

Feb 08, 2020

Larry teaches a great class!

von Vivek B

Feb 04, 2019

Excellent Course, Thank you!

von Ramanna S

Jul 22, 2020

Well designed and delivered

von Joshua F

Dec 02, 2019

Very good start to my iMBA!

von John K Y

Aug 17, 2018

It was a great experience!!