Principles of Microeconomics
This course is part of Microeconomics Professional Certificate.
This comprehensive microeconomics course examines how different economic units make resource allocation decisions in a world of scarcity. The program provides a strong foundation in economic thinking, covering key concepts like comparative advantage, opportunity cost, and market dynamics. Students explore supply and demand theory through practical applications and real-world examples, learning how rational choices shape market outcomes. The course emphasizes economic efficiency, consumer and producer surplus, and the coordination of decisions in market systems. Designed for both university students and professionals, it offers practical insights into economic behavior and decision-making processes.
Instructors:
English
English
Powered by
What you'll learn
Understand and apply concepts of comparative advantage and opportunity cost
Master supply and demand theory and its practical applications
Develop economic reasoning skills for rational decision-making
Analyze market efficiency and economic outcomes
Apply economic cost-benefit analysis to real-world situations
Skills you'll gain
This course includes:
PreRecorded video
Graded assignments, Exams
Access on Mobile, Tablet, Desktop
Limited Access access
Shareable certificate
Closed caption
Get a Completion Certificate
Share your certificate with prospective employers and your professional network on LinkedIn.
Created by
Provided by
Top companies offer this course to their employees
Top companies provide this course to enhance their employees' skills, ensuring they excel in handling complex projects and drive organizational success.
Module Description
The course provides a comprehensive introduction to microeconomic principles and their practical applications. Students learn to think like economists through the study of comparative advantage, opportunity cost, and market mechanisms. The curriculum covers supply and demand theory, economic efficiency in competitive markets, and rational decision-making processes. Real-world examples and applications help students understand how economic principles shape everyday choices and market outcomes. The course is designed to build analytical skills applicable to both academic and professional contexts.
Fee Structure
Individual course purchase is not available - to enroll in this course with a certificate, you need to purchase the complete Professional Certificate Course. For enrollment and detailed fee structure, visit the following: Microeconomics Professional Certificate
Instructor
3 Courses
Leading Expert in Economics Education and Learning Innovation
Dr. Carl Sherwood serves as Senior Lecturer and Director of Education in the School of Economics at The University of Queensland, where he combines engineering expertise with innovative teaching methodologies. After completing his Bachelor of Engineering, MBA, and Graduate Certificate in Higher Education from UQ, followed by 15 years as a professional engineer, he has established himself as a pioneering voice in economics education. His work focuses on developing storytelling-based approaches to teaching statistics and economics, demonstrated through his groundbreaking research on contextual learning in large introductory courses. Through his development of blended learning activities and student-centered teaching methods, he has earned numerous accolades including an Australian Award for Teaching Excellence and a UQ Teaching Excellence Award. His expertise particularly shines in making complex statistical concepts accessible through innovative pedagogical approaches, demonstrated through his PhD research on students' contextual storytelling in statistics education. Currently leading educational initiatives at UQ's School of Economics while maintaining active research in learning innovation, he has authored influential works including "Business Analytics and Statistics" and numerous papers on student learning outcomes. His achievements include securing multiple research grants for educational innovation and becoming a Senior Fellow of the Higher Education Academy, while his teaching methods have transformed how students engage with complex economic and statistical concepts.
Testimonials
Testimonials and success stories are a testament to the quality of this program and its impact on your career and learning journey. Be the first to help others make an informed decision by sharing your review of the course.
Frequently asked questions
Below are some of the most commonly asked questions about this course. We aim to provide clear and concise answers to help you better understand the course content, structure, and any other relevant information. If you have any additional questions or if your question is not listed here, please don't hesitate to reach out to our support team for further assistance.