Microeconomics Principles is a free online course conducted by the University of Illinois.
About the course
This course offers an introduction to the functions of individual decision-makers-both consumers and producers-within the larger economic system. Emphasis is on the nature and functions of product markets, the theory of the firm under varying conditions of competition and monopoly, and the role of government in promoting efficiency in the economy.
Most people make the incorrect assumption that economics is ONLY the study of money. My primary goal in this course is to shatter this belief. During this course, we will be addressing the above questions as well as many more relating to:
- the environment
- love and marriage
- labor markets
This course will be broken up into 8 weekly modules covering the following topics:
- Week 1: Basic Concepts, Modeling, and Trade
- Week 2: Supply and Demand
- Week 3: Market Efficiency and Government Intervention
- Week 4: Elasticity and Taxes
- Week 5: Production and Costs
- Week 6: Competitive Output
- Week 7: Firms With Market Power
- Week 8: Public Goods, Common Resources, and Externalities
December 22, 2014 - April 12, 2015
For more information, click here.