You must be logged in to take this course → LOGIN | REGISTER NOW
Microeconomics is a basic part of Economics. By this free microeconomics course it will be easier for anyone to understand the usage of microeconomics in practical life. The good news is that there will be no prerequisites courses and it is flexible for beginners. In this course, the basic key topics will be highlighted such as competition, monopoly, price discrimination, externalities, public goods and more.
Assessment
This course does not involve any written exams. Students need to answer 5 assignment questions to complete the course, the answers will be in the form of written work in pdf or word. Students can write the answers in their own time. Each answer need to be 200 words (1 Page). Once the answers are submitted, the tutor will check and assess the work.
Certification
Edukite courses are free to study. To successfully complete a course you must submit all the assignment of the course as part of assessment. Upon successful completion of a course, you can choose to make your achievement formal by obtaining your Certificate at a cost of £49.
Having an Official Edukite Certification is a great way to celebrate and share your success. You can:
- Add the certificate to your CV or resume and brighten up your career
- Show it to prove your success
Course Credit: MR University
Course Curriculum
| Introduction | |||
| Introduction to Microeconomics | 00:04:00 | ||
| Supply, Demand, and Equilibrium | |||
| The Demand Curve | 00:03:00 | ||
| The Supply Curve | 00:03:00 | ||
| The Equilibrium Price and Quantity | 00:05:00 | ||
| A Deeper Look at the Demand Curve | 00:08:00 | ||
| The Demand Curve Shifts | 00:14:00 | ||
| A Deeper Look at the Supply Curve | 00:07:00 | ||
| The Supply Curve Shifts | 00:12:00 | ||
| Exploring Equilibrium | 00:06:00 | ||
| Does the Equilibrium Model Work? | 00:08:00 | ||
| Supply and Demand Terminology | 00:04:00 | ||
| Elasticity and Its Applications | |||
| Elasticity of Demand | 00:14:00 | ||
| Calculating the Elasticity of Demand | 00:16:00 | ||
| Office Hours: Elasticity of Demand | 00:04:00 | ||
| Elasticity of Supply | 00:14:00 | ||
| Elasticity and Slave Redemption | 00:05:00 | ||
| Applications Using Elasticity | 00:16:00 | ||
| Taxes and Subsidies | |||
| Commodity Taxes | 00:10:00 | ||
| Who Pays the Tax? | 00:09:00 | ||
| Tax Revenue and Deadweight Loss | 00:11:00 | ||
| Subsidies | 00:12:00 | ||
| Wage Subsidies | 00:04:00 | ||
| The Price System | |||
| I, Rose | 00:02:00 | ||
| A Price Is a Signal Wrapped up in an Incentive | 00:05:00 | ||
| Markets Link the World | 00:04:00 | ||
| The Great Economic Problem | 00:08:00 | ||
| Information and Incentives | 00:10:00 | ||
| Speculation | 00:11:00 | ||
| Prediction Markets | 00:10:00 | ||
| Price Ceilings and Price Floors | |||
| Price Ceilings | 00:04:00 | ||
| Price Ceilings: Shortages and Quality Reduction | 00:06:00 | ||
| Price Ceilings: Lines and Search Costs | 00:10:00 | ||
| Price Ceilings: Deadweight Loss | 00:03:00 | ||
| Price Ceilings: Misallocation of Resources | 00:12:00 | ||
| Price Ceilings: Rent Controls | 00:10:00 | ||
| Rent Control in Mumbai | 00:09:00 | ||
| Price Floors: The Minimum Wage | 00:10:00 | ||
| Price Floors: Airline Fares | 00:08:00 | ||
| Why Do Governments Enact Price Controls? | 00:07:00 | ||
| Price Controls and Communism | 00:04:00 | ||
| Trade | |||
| The Big Ideas of Trade | 00:08:00 | ||
| Comparative Advantage | 00:07:00 | ||
| Another Look at Comparative Advantage | 00:12:00 | ||
| Comparative Advantage Homework | 00:05:00 | ||
| Tariffs and Protectionism | 00:15:00 | ||
| Arguments Against International Trade | 00:14:00 | ||
| Externalities | |||
| An Introduction to Externalities | 00:12:00 | ||
| External Benefits | 00:07:00 | ||
| Command and Control Solutions | 00:04:00 | ||
| The Coase Theorem | 00:08:00 | ||
| Trading Pollution | 00:04:00 | ||
| A Deeper Look at Tradable Allowances | 00:06:00 | ||
| Costs and Profit Maximization Under Competition | |||
| Introduction to the Competitive Firm | 00:07:00 | ||
| Maximizing Profit Under Competition | 00:13:00 | ||
| Maximizing Profit and the Average Cost Curve | 00:12:00 | ||
| Entry, Exit, and Supply Curves: Increasing Costs | 00:06:00 | ||
| Entry, Exit, and Supply Curves: Constant Costs | 00:10:00 | ||
| Entry, Exit, and Supply Curves: Decreasing Costs | 00:06:00 | ||
| Competition and the Invisible Hand | |||
| Minimization of Total Industry Costs of Production | 00:09:00 | ||
| The Balance of Industries and Creative Destruction | 00:08:00 | ||
| Monopoly | |||
| Maximizing Profit Under Monopoly | 00:11:00 | ||
| Office Hours: Calculating Monopoly Profit | 00:06:00 | ||
| The Monopoly Markup | 00:09:00 | ||
| The Costs and Benefits of Monopoly | 00:09:00 | ||
| Price Discrimination | |||
| Introduction to Price Discrimination | 00:10:00 | ||
| The Social Welfare of Price Discrimination | 00:08:00 | ||
| Bundling | 00:15:00 | ||
| Tying | 00:07:00 | ||
| Labor Markets | |||
| The Marginal Product of Labor | 00:10:00 | ||
| Econ Duel: Is Education Signaling or Skill Building? | 00:09:00 | ||
| Human Capital and Signaling | 00:07:00 | ||
| The Tradeoff Between Fun and Wages | 00:03:00 | ||
| Compensating Differentials | 00:05:00 | ||
| Do Unions Raise Wages? | 00:05:00 | ||
| Public Goods and the Tragedy of the Commons | |||
| Public Goods and Asteroid Defense | 00:02:00 | ||
| A Deeper Look at Public Goods | 00:08:00 | ||
| Club Goods | 00:05:00 | ||
| The Tragedy of the Commons | 00:11:00 | ||
| Asymmetric Information | |||
| Asymmetric Information and Used Cars | 00:03:00 | ||
| Asymmetric Information in Health Insurance | 00:07:00 | ||
| Moral Hazard | 00:04:00 | ||
| Solutions to Moral Hazard | 00:00:00 | ||
| Signaling | 00:07:00 | ||
| Consumer Choice | |||
| Introduction to Consumer Choice | 00:05:00 | ||
| Budget Constraints | 00:07:00 | ||
| Indifference Curves | 00:08:00 | ||
| Consumer Optimization | 00:06:00 | ||
| Bonus Topics | |||
| Office Hours: Game Theory | 00:04:00 | ||
| Assessment | |||
| Submit Your Assignment | 00:00:00 | ||
| Certification | 00:00:00 | ||
Course Reviews
No Reviews found for this course.
Related Courses
