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The fact of scarcity forces individuals, firms, and societies to choose among alternative uses – or allocations – of its limited resources.
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Description
Accordingly, the first part of this summer course seeks to understand how economists model the choice process of individual consumers and firms, and how markets work to coordinate these choices. It also examines how well markets perform this function using the economist’s criterion of market efficiency.
Overall, this course focuses on microeconomics, with some topics from macroeconomics and international trade. It emphasizes the integration of theory, data, and judgment in the analysis of corporate decisions and public policy, and in the assessment of changing U.S. and international business environments.
Course content
- Choice, Efficiency, and the Basic Demand and Supply Model Unlimited
- Choice, Efficiency, and the Basic Demand and Supply Model (cont.) Unlimited
- Behind Demand and Supply Curves Consumer and Producer Theory Unlimited
- Behind Demand and Supply Curves (cont.) Unlimited
- Behind Demand and Supply Curves (cont.) Unlimited
- Monopoly, Imperfect Competition, Pricing Tactics Unlimited
- Monopoly, Imperfect Competition, Pricing Tactics (cont.) Unlimited
- Monopoly, Imperfect Competition, Pricing Tactics (cont.) Unlimited
- Monopolistic Competition and Oligopoly, Elements of Strategy Unlimited
- Monopolistic Competition and Oligopoly, Elements of Strategy (cont.) Unlimited
- Monopolistic Competition and Oligopoly, Elements of Strategy (cont.) Unlimited
- Externalities and Public Goods Unlimited
- Externalities and Public Goods (cont.) Unlimited
- Uncertainty and Information Unlimited
- Uncertainty and Information (cont.) Unlimited
- Uncertainty and Information (cont.) Unlimited
- Market Lessons and Organizational Unlimited
- Market Lessons and Organizational Architecture, Group Decision Making (cont.) Unlimited
- International Trade Issues Unlimited
- Equity and Income Distribution Unlimited
Instructor
