The Power of Markets I: Supply, Demand and Consumer Behavior
Learn fundamental microeconomic principles: supply, demand, market equilibrium, and consumer behavior.
Learn fundamental microeconomic principles: supply, demand, market equilibrium, and consumer behavior.
This introductory course covers core microeconomic concepts, focusing on market dynamics and consumer behavior. Students explore the basic principles of supply and demand, learn to predict market outcomes, and understand how government policies affect markets. The curriculum delves into consumer choice theory, examining how preferences and budget constraints drive economic decisions. Through practical examples and case studies, participants develop a strong foundation in market analysis and economic thinking.
4.6
(261 ratings)
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English
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What you'll learn
Understand basic principles of supply and demand
Analyze market equilibrium and government interventions
Master concepts of elasticity and consumer choice
Apply economic theory to real-world scenarios
Evaluate policy impacts using economic frameworks
Skills you'll gain
This course includes:
296 Minutes PreRecorded video
4 assignments
Access on Mobile, Tablet, Desktop
FullTime access
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There are 4 modules in this course
This comprehensive course introduces students to fundamental microeconomic principles through the study of supply, demand, and consumer behavior. The curriculum begins with basic market concepts and moves through increasingly complex topics including market equilibrium, elasticity, and consumer choice theory. Students learn to analyze market outcomes, understand the impact of government policies, and explore real-world applications through case studies like healthcare and education policy. The course emphasizes practical understanding and application of economic principles.
Supply and Demand
Module 1 · 1 Hours to complete
Supply and Demand
Module 2 · 1 Hours to complete
Consumer Choice
Module 3 · 1 Hours to complete
Consumer Choice and the Benefits of Exchange
Module 4 · 1 Hours to complete
Fee Structure
Payment options
Financial Aid
Instructor
Leadership in Business Education and Expertise in Economics
Dean Zupan has led the Simon School of Business since January 2004, overseeing its academic and administrative functions while advocating for faculty, students, and programs in the business community. Prior to Simon, Zupan served as Dean of the Eller College of Management at the University of Arizona, where he drove innovation, community outreach, and fundraising success. His academic career includes teaching positions at the University of Southern California, Harvard, and Dartmouth. Zupan’s research spans water policy, political economy, and industrial organization. He has co-authored influential books and published widely in leading economic journals. Zupan holds a BA in Economics from Harvard and a PhD in Economics from MIT.
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4.6 course rating
261 ratings
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