Chevron Left
Zurück zu Firm Level Economics: Consumer and Producer Behavior

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

1,933 Bewertungen
471 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


12. Mai 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.

11. Sep. 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.

Filtern nach:

151 - 175 von 464 Bewertungen für Firm Level Economics: Consumer and Producer Behavior

von Manish D

7. Juni 2020

The course is good as it is. This helped me recollect the maximum of the charts

von Santiago G M

2. Juni 2020

Very good course. Proffesor explains very well and it is easily understandable.

von David A G

29. Apr. 2020

Loved this course and loved tuning in to hear Larry teach it. Very good course!

von Yu Y

24. Feb. 2018

A good introduction for many basic concepts on demand and supply. Nice teacher.

von Innocent O

18. März 2019

The course was well understood as the instructor made everything seem so easy

von Janhavi B

18. Sep. 2020

Amazing Course. Prof. Larry DeBRock has wonderfully explained every concept.

von Mohammad E

13. Juli 2020

Needs more attention from instructors/TAs to the forums. Otherwise, awesome.

von Anjali G

9. Nov. 2020

Complicated subject explained in a simple way! We love you Prof. DeBrock..

von Kanwar S S

31. März 2019


von Thuần N T

18. Dez. 2020

Great knowledge to learn and apply to the business with overview foreseen,

von Joel A A R

15. Juli 2020

Professor was great, all information also great! enjoyed a lot this course

von Abhijeet G

23. Dez. 2020

great content ...practice exercises can be added to improve understanding

von Sergey D

14. Nov. 2020

It was nice and useful. Professor's explanations were detailed and clear.

von Subhadeep G

14. Nov. 2019

Very well covered session. Great course to make your Fundamentals strong.

von Woo S L

12. Sep. 2019

The course covered all major components required to understand the topic.

von Olusegun A

12. Feb. 2017

Excellent teacher! Made microeconomics micro easy. Prof. DeBrock rocks!!!

von Daniel T

25. März 2016

Excellent course! High quality video/audio and it is organized very well.

von Danesh D

11. Sep. 2019

Excellent. Very straightforward and simple presentation of the concepts!

von Vusal T K

7. Feb. 2016

Professor is great at explaining complex notions. Very well structured!

von mustakeem d d 1

20. Juli 2020

Very well designed course. Helped me re-learn the basics of economics.

von Jiayi S

16. Okt. 2020

Thank you so much Larry! Great content and very informative sessions!

von Andreas A

18. Jan. 2018

Very clearly presented. I like the many intuitions that are provided.

von Ekwuno U J

6. Juli 2020

The lecturer made this course seem easy even the not so easy parts.

von Myra A H

10. Dez. 2020

This is a great course. I learned a lot from Prof. Larry De Brock.

von Jasen H

8. Okt. 2020

Dr. Larry is an awesome teacher. I enjoyed this class quite a lot.