Microeconomics Rules

About this Course

Most individuals make the inaccurate assumption that economics is ONLY the research of cash. My main aim on this course is to shatter this perception. Throughout this course, we can be addressing the above questions in addition to many extra referring to:

-the surroundings -love and marriage -crime -labor markets -education -politics -sports -business My fundamental aim is to indicate you the way in which economists assume and learn how to use this analytical system to reply questions associated not solely to those and different necessary human points however to something you find yourself doing together with your life after this class. In any case, as you’ll shortly discover out, I imagine that every little thing is economics!

WHAT YOU WILL LEARN

• Figuring out hidden prices of something

SKILLS YOU WILL GAIN

• Economics
• Essential Pondering
• Microeconomics
• Financial Evaluation

Syllabus – What you’ll study from this course

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WEEK

1

2 hours to finish

Course Orientation

You’ll change into accustomed to the course, your classmates, and our studying surroundings. The orientation may also allow you to get hold of the technical abilities required for the course.

3 hours to finish

Introduction and Primary Rules

Welcome to your first week in Microeconomics Rules! As you’ll shortly see, the belongings you study on this class will in all probability allow you to see the world another way. Economics is not only about cash, as you will have incorrectly assumed. Quite the opposite, as you’ll study on this lesson, economics is about how society distributes scarce sources. And, since nearly something on the planet is a scarce useful resource, from fossil fuels to acceptable romantic companions, we are able to apply the foundations of economics to just about something.

WEEK

2

4 hours to finish

Provide and Demand

Welcome to your second week in Microeconomics Rules! This module we’ll cowl the hallmark framework of the sector: the availability and demand mannequin. I’m positive that for those who knew any economics phrases earlier than enrolling on this course these two phrases have been provide and demand. This module you’ll lastly study what all of the fuss is about.

WEEK

3

3 hours to finish

Market Effectivity and Authorities Insurance policies

Welcome to Week 3! Final module we launched the availability and demand mannequin to elucidate how free markets work. One of many fundamental ideas we discovered about free markets was that they have a tendency to gravitate towards an “equilibrium” worth and amount. This module we’ll use the identical conceptual mannequin to reply one necessary query: Are free markets one of the best ways to distribute society’s sources?

WEEK

4

3 hours to finish

Elasticities

Welcome to the fourth week! This module we’ll cowl certainly one of my favourite economics ideas: elasticity. It’s certainly one of my favorites due to how helpful it’s to research coverage implications, in addition to its usefulness for enterprise managers. This can be apparent to you whenever you learn one of many dialogue matters for this module: Ought to we legalize marijuana?