Microeconomics : Behavior of Buyers and Sellers

Learn the heart of Economics - Demand and Supply Mechanism
4.3 (83 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.
3,636 students enrolled
Start Learning Now
  • Lectures 26
  • Length 1 hour
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
Wishlisted Wishlist

How taking a course works


Find online courses made by experts from around the world.


Take your courses with you and learn anywhere, anytime.


Learn and practice real-world skills and achieve your goals.

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

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

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.


Introduction to the course and the instructor
Before you start this course
Section 1: Demand
Market and its forms
Demand vs Quantity Demanded
Law of Demand and Demand Curve
Individual Demand and Market Demand
Movements along a Demand Curve (Change in quantity demanded)
Shifts in Demand Curve (Change in Demand)
Shifts in Demand Curve (Continued)
Food for thought..!
Test your knowledge - Questions
Test your knowledge - Answers
Section 2: Supply
Supply and Quantity Supplied
Law of Supply, Supply Schedule and Supply Curve
Movements along a Supply Curve (Change in quantity supplied)
Shifts in Supply Curve (Change in Supply)
Test your knowledge - Questions
Test your knowledge - Answers
Section 3: Supply and Demand Together
Market Equilibrium
Why equilibrium price is determined when demand equals supply?
3 steps to analyze changes in equilibrium
Effect of shift in Demand and shift in Supply on market equilibrium
Effect of simultaneous shift in Demand and Supply on market equilibrium
Food for thought..!
Some more practice questions
Bonus Lecture - Discount Coupons and other free lectures

Students Who Viewed This Course Also Viewed

  • Loading
  • Loading
  • Loading

Instructor Biography

Shubham Kalra, Business Analyst,M.A. Economics ,Certified Financial Planner

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.

Ready to start learning?
Start Learning Now