Fundamentals of Microeconomics
Master market analysis through exploration of economic principles, utilizing analytical frameworks while studying market scenarios to build expertise.
Master market analysis through exploration of economic principles, utilizing analytical frameworks while studying market scenarios to build expertise.
This comprehensive microeconomics course provides a thorough understanding of market dynamics and economic principles. Students will explore markets from an economist's perspective, combining visual arguments with realistic examples to connect core economic concepts with practical experience. The course covers essential topics including supply and demand analysis, market equilibrium, government intervention, and market failures. Through rigorous analysis and real-world applications, students will learn to understand complex economic problems like mortgage markets, environmental challenges, and economic impact assessment.
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What you'll learn
Understand the basic tools of economic analysis and their applications
Master the model of perfect competition and its key elements
Analyze elasticities and their practical implications
Evaluate the impact of taxes, subsidies, and government intervention
Identify and analyze market failures including market power and asymmetric information
Assess externalities and public goods in economic contexts
Skills you'll gain
This course includes:
PreRecorded video
Graded assignments, exams
Access on Mobile, Tablet, Desktop
Limited Access access
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There are 7 modules in this course
This comprehensive microeconomics course provides a thorough foundation in economic analysis and market dynamics. The curriculum progresses from basic economic concepts to complex market analyses, covering key topics such as supply and demand, market equilibrium, government intervention, and market failures. Students learn through a combination of theoretical frameworks and practical applications, using visual tools and real-world examples to understand economic principles.
Introduction
Module 1
The Demand
Module 2
The Supply
Module 3
The Equilibrium
Module 4
Government Intervention
Module 5
Market Failures (I)
Module 6
Market Failures (II)
Module 7
Fee Structure
Instructors
2 Courses
Distinguished Economic Theorist and Auction Design Expert
Angel Hernando-Veciana serves as Full Professor in the Department of Economics at Universidad Carlos III de Madrid, where he also directs the Master's program in Industrial Economics and Markets. After completing his PhD from University College London in 2001, he has established himself as a leading researcher in microeconomics, mechanism design, and information economics. His research has significantly advanced understanding of auction theory, with influential publications on topics including bidding markets, information acquisition in auctions, and financial constraints in market dynamics. As main coordinator of "Principles of Economics" since 2004, he has shaped economic education while maintaining an active research agenda that includes publications in prestigious journals like Journal of Economic Theory, Games and Economic Behavior, and Theoretical Economics. His teaching portfolio spans undergraduate to PhD levels, covering areas from introductory microeconomics to advanced mechanism design and auction theory. His work has garnered over 200 citations, particularly for his contributions to understanding signal complementarity and competition among auctioneers in large markets.
1 Course
Distinguished Economics Educator and Academic Administrator
Geovani Hiniesto Bazan serves as Adjunct Professor at Universidad Carlos III de Madrid, teaching Principles of Economics and Microeconomics since 2006. His career combines academic teaching with significant administrative experience, having served as Director of the Domenico Scarlatti high school from 2006 to 2011, followed by leadership of its economics department since 2011. His expertise spans both university and secondary education, contributing to economics education through his role as an external instructor at CIDEAD (Centro para la Innovación y Desarrollo de la Educación a Distancia). His work in developing teaching materials and methodologies has helped bridge the gap between high school and university-level economics education. His dual role in both secondary and higher education provides him with unique insights into economics pedagogy and curriculum development.
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