Microeconomics : Behavior of Buyers and Sellers

Learn the heart of Economics - Demand and Supply Mechanism
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  • Lectures 25
  • Length 1 hour
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
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    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 3/2016 English

Course Description

Welcome to my course on basics of microeconomics : Behavior of Buyers and Sellers

In this course, I will take you through the heart of Economics - Demand and Supply Mechanism (Determined by Buyers and Sellers ) and we will discuss the following topics :

What is Demand?
Do you demand less when the price of a commodity rises.? Yes..? Think again..!
Is your Demand only a function of price?
What is supply?
What affects supply of a good in the market?
We, as buyers, want to pay as low a price as possible; sellers, on the other hand, want to charge as high a price as possible, seems like there are opposite interests here, then who gets to decide the price?
How does this price mechanism function?

This course is not only for the students of Economics but for anyone who has an interest in understanding this powerful mechanism of Demand and Supply.

This course has 18 lectures and 1 hour of content.

It is a beginner level course and all the topics and concepts start from scratch, so even if you are not familiar with Economics , you may take this as your first step to understand this powerful subject.

All that said, if you would like to discuss something while you are learning, please feel free to start a discussion or PM me.

Lets get started..!

What are the requirements?

  • No prerequisite required as this is a basic level course

What am I going to get from this course?

  • Understand the demand and supply side of the market
  • Understand market equilibrium

What is the target audience?

  • Demand and Supply mechanism is the heart of Economics. Anyone who has an interest in Economics can take this course
  • Economics Students

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Introduction to the course and the instructor
01:47
Before you start this course
Article
Section 1: Demand
Market and its forms
06:06
Demand vs Quantity Demanded
03:02
Law of Demand and Demand Curve
05:56
Individual Demand and Market Demand
02:13
Movements along a Demand Curve (Change in quantity demanded)
02:06
Shifts in Demand Curve (Change in Demand)
07:19
Shifts in Demand Curve (Continued)
07:24
Food for thought..!
Article
Test your knowledge - Questions
Article
Test your knowledge - Answers
Article
Section 2: Supply
Supply and Quantity Supplied
01:59
Law of Supply, Supply Schedule and Supply Curve
04:47
Movements along a Supply Curve (Change in quantity supplied)
01:17
Shifts in Supply Curve (Change in Supply)
02:45
Test your knowledge - Questions
Article
Test your knowledge - Answers
Article
Section 3: Supply and Demand Together
Market Equilibrium
02:31
Why equilibrium price is determined when demand equals supply?
02:51
3 steps to analyze changes in equilibrium
Article
Effect of shift in Demand and shift in Supply on market equilibrium
04:54
Effect of simultaneous shift in Demand and Supply on market equilibrium
04:41
Food for thought..!
Article
Bonus Lecture - Discount Coupons and other free lectures
Article

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Instructor Biography

Shubham Kalra, Founder at Eduspred.com , M.A.Economics , Business Analyst

M.A. Economics, Business Analyst, Certified Financial Planner (CFP)

Shubham Kalra has a Masters in Economics from Delhi School of Economics and has worked as a Business Analyst in one of the largest banking and financial services organizations in the world.

He has done research projects in Education and Infrastructure Sector in India involving field work and analysis of data. He holds a diploma in Financial Planning and has good understanding of Risk Management concepts and Financial Instruments as well.

He loves teaching and has been teaching since his college days in  one way or another. It was in 2015, when he started teaching full time and is now teaching Economics and Statistics to many students online.His areas of specialization include Economics, Statistics, Finance and Game theory.





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