Microeconomics: Learn The Essential Diagrams
What you'll learn
- These essential twelve diagrams taught in Microeconomics Born of Supply, Demand, Elasticity, Government Failure, and Market Failure
- What is behind why governments tax certain products and why they don't
- Why governments subsidize certain industries in their economies and why they don't
- How governments do their best to curb consumption of unhealthy stuff, promote healthy consumption all things, tax emissions, and promote clean energy
Requirements
- A Love of Economics!
- An Interest in Learning About How Economists Draw Human Behavior
- A Solid Understanding of Basic Microeconomic Theory Would Be Helpful--But Not Essential
Description
Master the 16 Essential Microeconomic Diagrams.
This course is a direct result of feedback from students like you—thank you for being part of this journey and for making my Economics courses the highest-grossing on Udemy!
This Essential Diagrams Series is designed for two types of learners:
Students aiming to master the 16 essential diagrams taught in nearly every introductory Microeconomics course.
Teachers and students who want a clear understanding of how we represent human behavior through economic diagrams.
If either of these sounds like you, this course is exactly what you need.
This course focuses on the 16 core diagrams of Microeconomics, rooted in foundational theories like Supply, Demand, Elasticity, Government Intervention, and Market Failure. These diagrams explain real-world phenomena—why governments tax certain goods, subsidize industries, or tackle market inefficiencies like pollution or unhealthy consumption.
Here’s the breakdown:
Demand and Supply Diagram: The Rule of 11
Market Equilibrium: Market and Allocative Efficiency
Elasticity: Price Elasticity of Demand Diagram
Government Intervention:
Indirect Tax Diagram
Per-Unit Subsidy Diagram
Price Ceiling Diagram
Price Floor Diagram
Market Failure:
Base Diagram
Negative Externality of Consumption Diagram & Solutions
Negative Externality of Production Diagram & Solutions
Positive Externality of Consumption Diagram & Solutions
Positive Externality of Production Diagram & Solutions
Important: If you’re looking for a comprehensive Microeconomics course, this isn’t it! For a full Microeconomics experience, check out my Microeconomics: A Complete Economics Course for Everyone
A Weekly Bonus
As part of this course, you’ll receive a subscription to my weekly newsletter, Just One Thing. Each Monday, you’ll get a two-minute breakdown of one essential economic concept, delivered straight to your inbox. It’s a quick and stress-free way to expand your understanding of economics, one idea at a time.
I’m Brad, a former Peace Corps Volunteer and Duke University graduate who’s had the privilege of traveling to over 58 countries. These experiences shape how I teach, connecting economic theories to real-world behaviors and challenges.
I can’t wait to guide you through these 16 essential diagrams.
I hope to see you in the first lesson.
Who this course is for:
- Current Economics Students Looking to Master The Twelve Essential Microeconomic Diagrams
- A Student Headed to an Exam in AP Economics, IB Economics, or Any University Level Introductory Course
- Students with a Curiosity on How Economics Actually Draw Human Behavior
Instructor
- 4.7 Instructor Rating
- 5,298 Reviews
- 16,330 Students
- 10 Courses
Brad is an award-winning educator, international keynote speaker, workshop leader, and writer who has dedicated his career to making economics approachable and relevant for learners worldwide. With over 20 years of teaching experience at leading international schools, Brad has a unique talent for transforming complex economic theories into practical, easy-to-grasp ideas that resonate with students from all walks of life.
As a sought-after speaker and workshop leader, Brad has inspired audiences globally with his engaging presentations and real-world applications of economics. His ability to connect academic concepts to everyday experiences has made him a favorite among students and professionals alike. On Udemy, Brad’s top-rated courses have reached thousands, equipping learners with the confidence and tools to navigate the intricate world of economics.
Brad is also the creator of Just One Thing, a weekly newsletter that distills one key economic concept into a concise and relatable explanation, offering a stress-free way for curious minds to expand their understanding in just two minutes.
Beyond the classroom and stage, Brad’s passion for economics is grounded in his belief that the subject isn’t just about numbers and policies—it’s about human behavior, decision-making, and the dynamics that shape our world. His work empowers individuals to see the bigger picture and make informed decisions, whether in business, studies, or daily life.
When he's not teaching or speaking, you might find Brad out for a hike, practicing his daily yoga set, or camping in the woods somewhere.