Powered by
Completion
CERTIFICATE
Microeconomics: The Power of Markets
Discover how microeconomic principles govern market behaviors and influence individual economic choices in our interconnected economy.
Course Cost
₹ 2,699
Beginner
Skill Level
12 Hours
Self-paced lessons
This course provides a comprehensive introduction to microeconomic theory, focusing on how markets function and influence our daily economic decisions. Students will learn key concepts such as scarcity, opportunity cost, comparative advantage, and supply and demand. The curriculum covers the basics of market equilibrium, elasticity, consumer and producer surplus, and the effects of government intervention in markets. Through a combination of video lectures, quizzes, and real-world applications, learners will develop skills in economic analysis and gain insights into how markets maximize efficiency. The course also explores the impacts of taxes, subsidies, and price controls on market outcomes.
76,679 Enrolled
English
What you'll learn
Understand the concept of scarcity and opportunity cost
Apply the Production Possibilities Frontier model to visualize economic tradeoffs
Explain the principles of comparative advantage and gains from trade
Use supply and demand models to analyze market equilibrium
Calculate and interpret various types of elasticities
Evaluate consumer and producer surplus and market efficiency
Analyze the effects of government interventions such as taxes, subsidies, and price controls on market outcomes
Apply microeconomic concepts to real-world scenarios and policy debates
Skills you'll gain
This course includes:
268 Minutes PreRecorded video
18 quizzes
Access on Mobile, Tablet, Desktop
FullTime access
Shareable certificate
Closed caption
Get a Completion Certificate
Share your certificate with prospective employers and your professional network on LinkedIn.
CREATED BY
PROVIDED BY
Get a Completion Certificate
Share your certificate with prospective employers and your professional network on LinkedIn.
CREATED BY
PROVIDED BY
Top companies offer this course to their employees
Top companies provide this course to enhance their employees' skills, ensuring they excel in handling complex projects and drive organizational success.
There are 5 modules in this course
This course offers a comprehensive introduction to microeconomic theory, focusing on how markets function and shape our economic decisions. Led by Professor Rebecca Stein from the University of Pennsylvania, the curriculum is divided into five modules covering key concepts such as scarcity, opportunity cost, comparative advantage, supply and demand, market equilibrium, elasticity, consumer and producer surplus, and the effects of government intervention in markets. Students will learn to model economic scenarios using tools like the Production Possibilities Frontier and Supply and Demand curves. The course emphasizes practical applications, with weekly exercises that apply theory to current events and policy debates. Through a combination of video lectures, quizzes, and real-world examples, learners will develop skills in economic analysis and gain insights into how markets maximize efficiency and how government policies can impact market outcomes.
The Concept of Scarcity
Module 1 · 2 Hours to complete
Specialization & Trade
Module 2 · 1 Hours to complete
Supply and Demand
Module 3 · 3 Hours to complete
Understanding Markets: Elasticities, Market Surplus, Efficiency, and Equity
Module 4 · 3 Hours to complete
When Government Intervenes
Module 5 · 3 Hours to complete
Fee Structure
Payment options
Financial Aid
Reviews
Testimonials and success stories are a testament to the quality of this program and its impact on your career and learning journey. Be the first to help others make an informed decision by sharing your review of the course.
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.
4.8
299
Reviews
1,04,075
Students
3
Courses
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.