Market Equilibrium, Government Policy & Elasticity
Master microeconomics principles through market equilibrium, policy analysis, and elasticity concepts. Ideal for economics beginners.
Master microeconomics principles through market equilibrium, policy analysis, and elasticity concepts. Ideal for economics beginners.
This course cannot be purchased separately - to access the complete learning experience, graded assignments, and earn certificates, you'll need to enroll in the full Microeconomics Principles Specialization program. You can audit this specific course for free to explore the content, which includes access to course materials and lectures. This allows you to learn at your own pace without any financial commitment.
Instructors:
English
Deutsch, हिन्दी, پښتو, 24 more
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What you'll learn
Apply surplus concepts to measure economic welfare
Analyze impact of government price controls on markets
Calculate and interpret price elasticity of demand
Evaluate distributional effects of taxation
Understand market efficiency and policy implications
Apply economic analysis to real-world scenarios
Skills you'll gain
This course includes:
2.6 Hours PreRecorded video
2 quizzes
Access on Mobile, Tablet, Desktop
FullTime access
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There are 2 modules in this course
This comprehensive course explores the fundamental concepts of market equilibrium, government policy, and elasticity in microeconomics. Students learn to analyze consumer and producer surplus, evaluate the impact of government interventions like price controls, and understand price elasticity of demand. The course emphasizes practical applications across various sectors, from environmental issues to sports economics, demonstrating how economic principles apply to real-world scenarios.
Market Efficiency and Government Policies
Module 1 · 2 Hours to complete
Elasticities
Module 2 · 3 Hours to complete
Fee Structure
Instructor
Clinical Professor
Dr. José J. Vázquez-Cognet is a Clinical Professor at the University of Illinois Urbana-Champaign, where he teaches one of the largest Economics courses in the country, accommodating 925 students. He has also gained significant recognition through his highly popular online course, "Principles of Microeconomics," on Coursera, which has attracted over 100,000 registrations in the past five years. Additionally, Dr. Vázquez serves as the Director of the Teaching Academy for the School of Liberal Arts and Sciences and has received several teaching awards, including the Outstanding Teacher of Freshmen Award.In his academic career, Dr. Vázquez has co-created FlipIt Economics, a multimedia platform designed to enhance student preparation for class, in collaboration with Eric Chiang from Florida Atlantic University. His research interests include mental attention and student motivation, particularly exploring how curiosity can incentivize learning. He has published various works in academic journals and presented at numerous conferences. Dr. Vázquez teaches courses such as "Market Equilibrium, Government Policy & Elasticity," "Microeconomics Principles," and "The Theory of the Firm," making substantial contributions to economics education at both the undergraduate and graduate levels.
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Frequently asked questions
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