Microeconomics Explained: The Economics of Business in 2027

Why do prices go up? Why do businesses make certain decisions? And why do perfectly reasonable choices sometimes lead to terrible economic outcomes?

Welcome to Microeconomics Explained, a practical, beginner-friendly introduction to economics, business economics, and economic decision-making.

Microeconomics is everywhere. Every time you buy something, negotiate a salary, choose between two opportunities, or run a business, you're dealing with economic principles.

The problem? Economics is often taught through complicated graphs, abstract theories, and endless definitions.

This course takes a different approach.

You'll learn how economics actually works through real-world examples, famous economic experiments, interactive games, role-playing activities, and practical exercises.

No previous economics knowledge required.

What You'll Learn

By the end of this course, you'll understand:

• Economics Fundamentals: Understand scarcity, opportunity cost, trade-offs, and why every economic decision involves making choices.

• Economic Thinking: Learn to think at the margin, evaluate alternatives, and approach decisions like an economist.

• Supply and Demand: Understand what drives supply and demand, why prices change, and how markets respond.

• Market Equilibrium: Discover how buyers and sellers interact, how equilibrium prices emerge, and what happens when markets move away from equilibrium.

• Production Possibilities: Explore factors of production, resource allocation, and the Production Possibilities Curve (PPC).

• Business Economics: Apply economic principles to understand business decisions, resource constraints, and market behavior.

• Economic Analysis: Learn to interpret economic graphs, understand ceteris paribus, distinguish positive from normative economics, and explore economic experiments.

• Government Intervention: Examine real-world examples, including rent controls, to understand how economic policies affect markets.

Economics Is Better When You Actually Use It

This isn't a course where you simply watch lectures and memorize definitions.

Throughout the course, you'll encounter:

• Real-world examples and case studies that connect economic theory to everyday decisions.

• Interactive economics games that demonstrate scarcity, opportunity cost, and marginal thinking.

• Role-playing activities that help you experience economic decisions from different perspectives.

• Quizzes and exercises to reinforce the concepts you've learned.

• A practice test to assess your understanding.

You'll learn not just what an economic concept means, but why it matters.

Why Learn From Me?

Hi! I'm Diogo Alves de Resende, an entrepreneur, educator, and Udemy Instructor Partner.

I've taught tens of thousands of students worldwide through courses on statistics, econometrics, business analytics, forecasting, and decision-making.

But I'm not just an instructor. I'm also a business founder.

And running a business has taught me something important: understanding a concept is one thing. Knowing how to use it to make better decisions is something else entirely.

That's exactly how I approach teaching.

I believe education should be practical, engaging, and accessible. I use examples, visual explanations, experiments, and exercises to make complicated ideas easier to understand.

My goal isn't to make you memorize economic definitions. It's to help you understand economics well enough to actually use it.

Start Thinking Like an Economist!

Economics isn't just about money, inflation, or complicated equations.

It's about choices.

Why people make them. How incentives influence them. What we give up when we make them. And how millions of individual decisions shape entire markets.

Once you understand these principles, you'll start seeing economics everywhere.

Join the course and start thinking like an economist!

Note: This course contains an awesome use of AI.