Microeconomics Basics For Academic Students

Complete concepts of basic Microeconomics with quizzes, graphs and practice questions

Last updated 2022-01-10 | 0

- Implement the knowledge in day-to-day activities
- Comprehend the features of different markets including monopoly
- perfect competition
- etc
- Understand the dynamics of individual entities

What you'll learn

Implement the knowledge in day-to-day activities
Comprehend the features of different markets including monopoly
perfect competition
etc
Understand the dynamics of individual entities
Be able to execute the tips and tricks in their own business taught in cost and production.

* Requirements

* This is an open for all subject that provides the general and basic knowledge of how the economic system works.
* For Students of Economics
* MBA
* CFA
* CA and other programs that requires an in depth analysis of Microeconomics

Description

Who is this course for? 

  • If you are someone who wants to learn economics from scratch.

  • You have economics and microeconomics as your undergraduate or master's subject.

  • You have economics as your supplementary subject with any of your majors.

  • You are curious to know everything about single entities and things related to cost, production, competition, monopoly, etc.

Since Economics has been influencing our lives in every way. This course of microeconomics provides complete details about the economic system in general and individual economic entities in particular so as to have the ability of better decision making.

  • It enables you to think about the logical facts associated with the economic system.

  • Why do we want a state of equilibrium in a market?

  • Why do prices change and what are the factors that change them?

  • What are we concerned with the responses being made after a price change?

  • And what decisions shall we have to apply for, in such circumstances,

                                                                    This is where we need to learn what Microeconomics is

I assure you that even a student who has not ever taken a course in economics is able to understand the course very easily.

And for all the students enrolled in the course of business, management or Economics can go through it in no time.

Additionally, the course design includes Quizzes with each topic as well as solved problems. Other Problem sets can also be shared with the students upon request. Furthermore, the course also comprises of explanation of graphical and mathematical analysis with the use of a pen tablet.

Who this course is for:

  • Individuals interested to learn Microeconomics basics
  • Undergraduate student studying Economics in general
  • A & O'level students who opted for Economics subject
  • Students who have economic as an optional subject
  • People who want to study Economics in general

Course content

8 sections • 39 lectures

Using Udemy for this course Preview 02:22

Introduction to Economics Preview 04:24

Types of Market Preview 03:47

Economics Introduction

Introduction to Economics

Outline Preview 03:41

Overview of the section Preview 02:00

Demand Preview 01:57

Supply Preview 03:41

Surplus and Shortage Preview 02:26

Changes in Market Equilibrium Preview 02:58

Practice Question: Finding Price and Quantity Preview 03:01

Demand and Supply

Practice Questions of Demand and Supply Chapter

Introduction to Elasticity Preview 04:53

Other elasticity concepts Preview 04:26

Practice Question: Derive the linear demand curve Preview 04:14

Elasticity practice questions

Intro and access to free chapter content Preview 02:36

Three characteristics of Consumer Preferences Preview 02:01

Consumer Preferences in detail Preview 03:23

How can a consumer be indifferent about his choices of goods ? Preview 04:38

Characteristics of Indifference curve Preview 03:48

Marginal Rate of Substitution Preview 02:43

Multiple choice questions

Introduction and course outline Preview 02:42

Production Function Introduction Preview 04:29

One Variable Input Preview 02:31

Average Product And Marginal Product Calculation Preview 02:44

Production Function

Introduction and Outline Preview 03:01

Accounting cost versus Economic Cost Preview 03:30

Fixed Cost versus Sunk cost Preview 02:12

Practice Question: Finding Average fixed cost and Average total cost Preview 04:57

Introduction and outline Preview 03:01

What's the difference between monopoly, monopolistic competition and oligopoly Preview 02:22

Short run Monopolistic competition Preview 04:05

Short run versus long run monopolistic competition Preview 04:34

Oligopoly Preview 05:56

Cournot equilibrium and reaction curves Preview 06:35

Bertrand and Stackelberg model basic introduction Preview 03:32