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
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
This course includes:
PreRecorded video
Graded assignments, Exams
Access on Mobile, Tablet, Desktop
Limited Access access
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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

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.
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