Microeconomics : Behavior of Buyers and Sellers
4.5 (173 ratings)
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Microeconomics : Behavior of Buyers and Sellers

Learn the heart of Economics - Demand and Supply Mechanism
4.5 (173 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
5,556 students enrolled
Created by Shubham Kalra
Last updated 8/2017
English
English [Auto-generated]
Price: Free
Includes:
  • 1 hour on-demand video
  • 9 Articles
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Understand the demand and supply side of the market
  • Understand market equilibrium
View Curriculum
Requirements
  • No prerequisite required as this is a basic level 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..!

Who 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
Compare to Other Microeconomics Courses
Curriculum For This Course
24 Lectures
01:00:40
+
Introduction to the course and the instructor
1 Lecture 01:47
Introduction to the course and the instructor
01:47
+
Demand
9 Lectures 30:19
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..!
00:13

Test your knowledge - Questions
00:48

Test your knowledge - Answers
01:18
+
Supply
6 Lectures 11:51
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
00:16

Test your knowledge - Answers
00:46
+
Supply and Demand Together
8 Lectures 17:01
Market Equilibrium
02:31

Why equilibrium price is determined when demand equals supply?
02:51

3 steps to analyze changes in equilibrium
00:36

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..!
00:11

How about some more practice?
00:13

Bonus Lecture: Access to other courses and free lectures
01:04
About the Instructor
Shubham Kalra
4.4 Average rating
252 Reviews
9,002 Students
8 Courses
Founder of Eduspred.com, M.A. Economics, Business Analyst

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 founded 'Eduspred - The Economics and Statistics School' and 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.