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Microeconomics: Supply, Demand, and Equilibrium
Well-known economists Tyler Cowen and Alex Tabarrok bring microeconomics to life in this free online course. Engaging, easy-to-follow lessons explore how the supply of goods and services drives an economy, how prices help co-ordinate market activity, and how consumers respond to changes in price. Study the relationship between price and supply, examine the elasticity of supply and demand, and gain an understanding of taxes and subsidies, today!
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Microeconomics: Supply, Demand, and Equilibrium
Learn about supply, demand, and taxes and how they impact the economy with this free online microeconomics course.
Well-known economists Tyler Cowen and Alex Tabarrok bring microeconomics to life in this free online course. Engaging, easy-to-follow lessons explore how the supply of goods and services drives an economy, how prices help co-ordinate market activity, and how consumers respond to changes in price. Study the relationship between price and supply, examine the elasticity of supply and demand, and gain an understanding of taxes and subsidies, today!
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13 Lessons
Module 1: Supply, Demand, and Equilibrium
In this module, you will first explore how people respond to changes in price and discover the relationship between price and quantity supplied. Next, learn how prices reach equilibrium. Then, learn about horizontal and vertical methods for reading the demand curve, how demand curves shift, and consumer surplus. Then, explore important factors that shift the demand curve as well as the supply curve. Lastly, this module will present a case study that explores the equilibrium model.
1.Learning Outcomes
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2.Introduction to Microeconomics
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3.The Demand Curve
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4.The Supply Curve
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5.The Equilibrium Price and Quantity
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6.A Deeper Look at the Demand Curve
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7.The Demand Curve Shifts
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8.A Deeper Look at the Supply Curve
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9.The Supply Curve Shifts
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10.Exploring Equilibrium
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11.Does the Equilibrium Model Work?
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12.Supply and Demand Terminology
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13.Lesson Summary
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8 Lessons
Module 2: Elasticity and Its Applications
7 Lessons
Module 3: Taxes and Subsidies
1 Lessons
Course assessment
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