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Microeconomics: Supply Demand and Equilibrium
Get to grips with how individuals and businesses impact an economy in this free online course from leading economic thinkers Tyler Cowen and Alex Tabarrok. The authors of the widely used textbook Modern Principles of Economics and the Marginal Revolution blog put their presentation skills to good use in explaining how microeconomics works and important factors that shift the demand and supply curves. They look into the relationship between price and quantity supplied and will teach you how prices reach equilibrium with a case study that explores the equilibrium model.You will then study the determinants of elasticity the midpoint formula and how to calculate the elasticity of supply. This will help you measure how much one variable responds to changes in another. The material also covers the history of the Sudan civil war and show how elasticity relates to slave redemption. Lastly you will learn how elasticity relates to other scenarios such as the gun buyback programmes in the United States.This course will help you learn about the building blocks of how the economy functions as well as understand the behavior of individuals and businesses that drive it. It will also teach you how decisions are made based on the allocation of limited resources. Sign up today for these stimulating lectures that bring microeconomics to life.
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Disclaimer: Some of the links on this website are affiliate links, meaning we may earn a commission if you click through and make a purchase. This comes at no additional cost to you.
By clicking the button above, you acknowledge that you will be redirected to a third-party website and agree to their terms and conditions.
Product information, including title, description, and images, is sourced/provided by our affiliate partner, Alison US CA.
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Share this product with a friend:
Refer a friend and earn 0.05 CEC when they click the link, plus an additional 1.00 CEC if they register. Share this Product and boost your earnings together!
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