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Introduction to Microeconomics
Rating: 4.3 out of 5(93 ratings)
592 students

Introduction to Microeconomics

Learn Economics and get some help for your exams
Created byMathieu Provencher
Last updated 1/2022
English

What you'll learn

  • University level introduction to microeconomics

Course content

5 sections • 64 lectures • 6h 6m total length

  • Consumption Possibilities11:11

    The objective of this class is to address and answer the following questions:


    What are the Consumption Possibilities of an individual?

    What is the Consumption Possibility Curve?

    What is the Opportunity Cost?   

    And how do we calculate the Opportunity Cost? 

  • Consumption Possibilities - Exercises6:53
  • The Demand Curve6:16

    The objective of this class is to address and answer the following questions:


    What is quantity demanded?   

    What is the demand curve?   

    And when the price of a product changes, is there a shift in its demand?

  • The Demand Curve - Exercises1:20
  • The Supply Curve5:58

    The objective of this class is to address and answer the following questions:


    What is quantity supplied?

    What is the supply curve?   

    And when the price of a product changes, is there a shift in supply?   

  • The Supply Curve - Exercises1:22
  • Market Equilibrium5:26

    The objective of this class is to address and answer the following questions:


    How do we find the equilibrium price and quantity of a market? 

    What is the definition of an Economic equilibrium?   

    Are most markets in equilibrium?   

    And what happens when markets are not in equilibrium?

  • Market Equilibrium - Exercises2:28
  • Shifts in Demand6:32

    The objective of this class is to address and answer the following questions:

    What can cause a shift in demand?   

    Is a change in demand the same as a change in quantity demanded?   

    Will consumers acquire a different amount of the product?   

    And will consumers pay a different price?

  • Shifts in Demand - Exercises2:04
  • Shifts in Supply6:35

    The objective of this class is to address and answer the following questions:

    What can cause a shift in supply?   

    Is a change in supply the same as a change in quantity supplied?   

    Will producers sell a different amount of the product?   

    And, will producers sell at a different price?

  • Shifts in Supply - Exercises3:13
  • Changes in Equilibrium6:20

    The objective of this class is to address and answer the following questions:

    How will price and quantity of equilibrium change if there is a shift in demand or in supply?   

    If one curve shifts, will the other one shift as well?   

    And will markets move toward the new equilibrium?

  • Changes in Equilibrium - Exercises4:31

Requirements

  • Students must be familiar with algebra and Cartesian analysis

Description

This course provides main concepts and exercises for demand and supply, consumer behaviour, production theory, market structures and market failures. Analysis is mainly done graphically but you should be able to solve algebraic equations.

See The World Through The Eyes Of An Economist, Learn Microeconomics with me!

after completing this course, you should:

  • Know how demand and supply influence markets
  • Be able to evaluate the success of governmental policies
  • Understand how industries react to different economic events
  • Recognize collusion, price discrimination, and externalities when you see them
  • Be better prepared for your Economics classes

Microeconomic theory focuses on understanding the behaviour of individual agents under scarcity

In this course, you will see the theory behind demand and supply, government intervention, elasticity, the theory of the firm, and maximisation strategies. Economics can seem very complicated and confusing at times. I will help you understand various events happening all around you!

Understanding the economy can help you in your personal and professional life. Whether you want to start your own company, work for someone else, or just make good financial decisions, Economics can help you.

Content and Overview

This course aims at helping high school and university students learn Economics, but anyone is welcome to follow along. You will find material that covers most IB and A-level programmes, as well as Microeconomic courses at the university level for minors and majors.

This course offers 32 classes, 32 exercise videos, and more than six hours of content. The first section slowly introduces key concepts to make sure you have all the tools you need. We then see more complicated models that describe the real-world in greater detail.

You will be able to see how market decisions are made and when they are beneficial or detrimental to society. You will also see why governments intervene in markets and when their policies have positive or negative impacts on the economy.

Many years of teaching introductory courses have led me to develop an intuitive approach that works well for students that have not been introduced to Economics before. However, if you already feel comfortable with the basic concepts of Economics, you can skip to the concepts you need most help with. Don't hesitate to revisit any of the classes to refresh your memory if you feel uncertain about a definition or a concept.

You will also find exercises to help you practice for your exams. Each class has an additional video that shows different types of problems you may be asked to solve. Every exercise video ends with an exam-type question you can try to solve before being shown the answer.

Welcome to the wonderful world of Economics!

Who this course is for:

  • Autonomous Learners, High School Students (IB and A level), University Students

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