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Social Microeconomics

Master strategic economic thinking through game theory, public goods, and market imperfections in this comprehensive 6-week microeconomics course.

Master strategic economic thinking through game theory, public goods, and market imperfections in this comprehensive 6-week microeconomics course.

This advanced microeconomics course explores strategic market behavior and social economic concepts. Starting with imperfect competition and price discrimination, it progresses through game theory, public goods, and market inefficiencies. Students analyze how competitive markets operate with externalities and examine various goods categories - public, private, collective, and common. The course emphasizes practical applications and real-world examples, particularly focusing on asymmetric information challenges in markets and strategic decision-making.

Instructors:

English

English

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Social Microeconomics

This course includes

6 Weeks

Of Self-paced video lessons

Intermediate Level

Completion Certificate

awarded on course completion

20,575

What you'll learn

  • Analyze different types of price discrimination and their market applications

  • Master game theory principles for strategic decision-making

  • Understand public goods characteristics and market implications

  • Evaluate market outcomes with externalities and asymmetric information

  • Apply microeconomic concepts to real-world scenarios

  • Develop strategic thinking skills for economic analysis

Skills you'll gain

microeconomics
game theory
price discrimination
public goods
strategic thinking
market analysis
economic behavior
asymmetric information

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 delves into advanced microeconomic concepts with a focus on social and strategic aspects. It covers imperfect competition, various forms of price discrimination, and game theory applications. Students explore public goods characteristics and market inefficiencies caused by externalities. The course also addresses asymmetric information challenges and their market implications. Throughout, real-world examples illustrate theoretical concepts, ensuring practical understanding.

Fee Structure

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.

Social Microeconomics

This course includes

6 Weeks

Of Self-paced video lessons

Intermediate Level

Completion Certificate

awarded on course completion

20,575

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.