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Principles of Microeconomics: Competitive Markets

This course is part of Microeconomics Professional Certificate.

This comprehensive microeconomics course explores fundamental market concepts and their practical applications. Students learn about elasticity calculations, market pricing mechanisms, cost analysis, and profit maximization strategies. The course covers different market structures, including monopolies and monopolistic competition, examining their impact on pricing and profitability. As part of UQ's Professional Certificate in Microeconomics, it provides real-world examples and practical applications of economic theory.

Instructors:

English

English

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Principles of Microeconomics: Competitive Markets

This course includes

6 Weeks

Of Self-paced video lessons

Intermediate Level

Completion Certificate

awarded on course completion

20,645

What you'll learn

  • Understand elasticity concepts and calculate demand elasticity

  • Master cost calculation and profit maximization techniques

  • Analyze different market structures and their impact on pricing

  • Evaluate government interventions in market efficiency

  • Apply economic principles to real-world market scenarios

Skills you'll gain

Elasticity Analysis
Market Pricing
Cost Analysis
Profit Maximization
Monopolistic Competition
Market Structures
Economic Efficiency
Supply and Demand
Competition Analysis

This course includes:

PreRecorded video

Graded assignments, Exams

Access on Mobile, Tablet, Desktop

Limited Access access

Shareable certificate

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Module Description

This course provides a thorough examination of competitive markets in microeconomics. It covers key concepts including elasticity calculation, market pricing mechanisms, and cost analysis. Students learn about different market structures, focusing on monopolies and monopolistic competition, and their effects on pricing and profitability. The course emphasizes practical applications through real-world examples and explores government interventions for economic efficiency.

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

Carl Sherwood
Carl Sherwood

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.

Principles of Microeconomics: Competitive Markets

This course includes

6 Weeks

Of Self-paced video lessons

Intermediate Level

Completion Certificate

awarded on course completion

20,645

Testimonials

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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.