Principles of Microeconomics: A complete introductory course
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Principles of Microeconomics: A complete introductory course

for high school and university students
New
0.0 (0 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 students enrolled
Last updated 9/2017
English
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Includes:
  • 6 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • University level introduction to microeconomics
View Curriculum
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 is the target audience?
  • Autonomous Learners, High School Students (IB and A level), University Students
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Curriculum For This Course
64 Lectures
06:04:23
+
Demand and Supply
14 Lectures 01:10:55

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? 

Preview 11:11


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?

Preview 06:16


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?

Preview 06:32


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?

Preview 05:26


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?

Preview 06:32


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?

Preview 06:35


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?

Preview 06:32

+
Government Intervention
8 Lectures 34:18

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

What is a market in disequilibrium?

What is the difference between price and quantity of equilibrium and price and quantity of exchange?

What can cause a market to be in disequilibrium?

And, can markets stay in disequilibrium for a long time?

Market Disequilibrium
07:56

Market Disequilibrium Exercises
01:41

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

What types of price controls can the government impose?

What are the impacts of price controls on price and quantity of exchange?

And, why do governments impose price controls?

Price Controls
05:14

Price Controls Exercises
02:07

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

What types of quantity controls can the government impose?

What are the impacts of quantity controls on price and quantity of exchange?

And why do governments impose quantity controls?

Quantity Controls
06:19

Quantity Controls Exercises
02:15

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

What types of cost policies can the government use?

What are the impacts of cost policies on price and quantity of equilibrium?

And why do governments use cost policies?

Cost Policies
06:28

Cost Policies Exercises
02:18
+
Elasticities
10 Lectures 52:20

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

What is price elasticity of demand?

How do we calculate it?

And what are the determinants of price elasticity of demand?

Price Elasticity of Demand
07:05

Price Elasticity of Demand Exercises
06:47

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

What is price elasticity of supply?

How do we measure it?

And what are the determinants of price elasticity of supply?

Price Elasticity of Supply
08:02

Price Elasticity of Supply Exercises
05:09

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

What is cross-price elasticity of demand?

And, how do we calculate it?

Cross-Price Elasticity of Demand
06:48

Cross-Price Elasticity of Demand Exercises
02:03

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

What is cross-price elasticity of supply?

And, how do we calculate it?

Cross-Price Elasticity of Supply
06:36

Cross-Price Elasticity of Supply Exercises
02:02

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

What is income elasticity?

How do we calculate it?

And, what are normal and inferior products?

Income Elasticity
05:25

Income Elasticity Exercises
02:23
+
Theory of the Firm
16 Lectures 02:00:49
Short-Run Costs
15:02

Short-Run Costs Exercises
04:23

Long-Run Costs
08:06

Long-Run Costs Exercises
03:17

Profit Maximisation
08:53

Profit Maximisation Exercises
03:01

Industrial Organisation
07:48

Industrial Organisation Exercises
02:16

Perfect Competition
12:49

Perfect Competition Exercises
05:19

Monopoly
11:53

Monopoly Exercises
08:24

Monopolistic Competition
11:22

Monopolistic Competition Exercises
02:39

Oligopoly
11:01

Oligopoly Exercises
04:36
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Maximisation Strategies
16 Lectures 01:26:01
Collusion
12:50

Collusion Exercises
03:22

Price Discrimination
09:49

Price Discrimination Exercises
02:22

Market Failures
04:13

Market Failures Exercises
03:52

Market Power
05:06

Market Power Exercises
02:12

Exerternalities
07:18

Externalities Exercises
02:38

Non-Excludable Products
10:49

Non-Excludable Products Exercises
05:18

Asymmetric Information
04:36

Asymmetric Information Exercises
03:23

Government Failures
04:09

Government Failures Exercises
04:04
About the Instructor
Mathieu Provencher
0.0 Average rating
0 Reviews
3 Students
1 Course
Economist

With over ten years of teaching experience at university, CEGEP and high school (IB) levels, I have specialized in introducing students to Economics through an intuitive approach that focuses on understanding instead of remembering formulas by heart.

My experience includes teaching the following courses:

- University of Sherbrooke (Canada): International Economics

- McGill University (Canada): Microeconomics, Macroeconomics, Labour Economics, Economics of the Environment

- Universidad San Ignacio de Loyola (Peru) for their Center for Global Education in partnership with Broward College and University of South Florida: Principles of Microeconomics, Principles of Macroeconomics, International Economics

- Universidad San Ignacio de Loyola (Peru) for their Center for Global Education in partnership with the University of London, under the academic direction of the London School of Economics: Introduction to Economics

- Universidad San Ignacio de Loyola (Peru) for their local programme: General Economics, Microeconomics

- Markham College (Peru): International Baccalaureate (IB) Economics: Standard and Higher.

- Dawson College (Canada): Introduction to Economics, Introduction to Microeconomics