The Theory of the Firm
This course is part of Core Concepts of Microeconomics.
Course Cost
Free course
Beginner
Skill Level
7 Hours
Self-paced lessons
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.
What you'll learn
Apply production and cost analysis to business decisions
Understand perfect competition and profit maximization
Analyze different market structures and their implications
Evaluate pricing strategies and market power effects
Calculate marginal returns and key firm costs
Assess welfare effects of market structures
Skills you'll gain
This course includes:
3.6 Hours PreRecorded video
3 quizzes
Access on Mobile, Tablet, Desktop
FullTime access
Shareable certificate
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There are 3 modules in this course
This foundational course explores the economic theory of firm behavior, covering essential concepts from production and costs to market structures and pricing strategies. Students learn how businesses make decisions about production, pricing, and competition in different market environments. The curriculum includes practical applications ranging from small businesses to large corporations, examining concepts like marginal costs, perfect competition, and market power.
Production and Costs
Module 1 · 2 Hours to complete
Competitive Output
Module 2 · 2 Hours to complete
Firms with Market Power
Module 3 · 3 Hours to complete
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: Core Concepts of Microeconomics
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Faculties
These are the expert instructors who will be teaching you throughout the course. With a wealth of knowledge and real-world experience, they're here to guide, inspire, and support you every step of the way. Get to know the people who will help you reach your learning goals and make the most of your journey.
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.




