University of Illinois Urbana-Champaign
Microeconomics Principles Specialization
University of Illinois Urbana-Champaign

Microeconomics Principles Specialization

Dr. José J. Vázquez-Cognet

Instructor: Dr. José J. Vázquez-Cognet

Included with Coursera Plus

Learn more

Get in-depth knowledge of a subject
4.8

(178 reviews)

Beginner level
No prior experience required
1 month at 10 hours a week
Flexible schedule
Earn a career credential
Share your expertise with employers
Get in-depth knowledge of a subject
4.8

(178 reviews)

Beginner level
No prior experience required
1 month at 10 hours a week
Flexible schedule
Earn a career credential
Share your expertise with employers

What you'll learn

  • Gain understanding of consumer & firm behaviors, their responses to market structure changes, analyze firm behavior in short-run & long-run markets

  • Master how to analyze different market structures, ie monopoly, oligopoly, & competitive markets, predict the changes in producer or consumer surplus

  • Apply economic principles to various aspects of daily life & to inform policy decisions, utilize these concepts to solve a range of policy questions

  • Learn to use supply/demand graphs to analyze market movements to establish economic policies, compute metrics like producer and consumer surplus

Overview

What’s included

Shareable certificate

Add to your LinkedIn profile

Taught in English
9 practice exercises

Advance your subject-matter expertise

  • Learn in-demand skills from university and industry experts
  • Master a subject or tool with hands-on projects
  • Develop a deep understanding of key concepts
  • Earn a career certificate from University of Illinois Urbana-Champaign

Specialization - 4 course series

What you'll learn

  • Identifying hidden costs of anything

Skills you'll gain

Decision Making, Supply And Demand, Resource Allocation, Behavioral Economics, Market Dynamics, Critical Thinking, Consumer Behaviour, Socioeconomics, Cost Benefit Analysis, and Economics

What you'll learn

  • Surplus & Social Welfare: Applying the concept of surplus to measure the welfare of an economy and use the supply and demand model to illustrate it

  • Impact of Government Interventions: Understand how government interventions (eg. price controls) impact social welfare using model of supply & demand

  • Price Elasticity of Demand: Learn how to classify goods based on their price elasticity of demand & predict how changes in price might affect revenue

  • Analysis of Tax Implications: Use the price elasticity of demand concept to determine the distributional and welfare effects of an excise tax

Skills you'll gain

Supply And Demand, Economics, Behavioral Economics, Political Sciences, Socioeconomics, Consumer Behaviour, Market Dynamics, Decision Making, Public Policies, Policy Analysis, and Business Economics

What you'll learn

  • Learn to apply marginal returns to inputs, key firm costs, and cost changes over time.

  • Understand perfect competition, profit maximization, and profit-maximizing output.

  • Learn about market structures and distinguish marginal revenue in different firms for profitability assessment.

  • Explore welfare effects of market power, types of price discrimination, and its societal impact.

Skills you'll gain

Economics, Business Economics, Supply And Demand, Business Operations, Market Analysis, Decision Making, Business Strategy, Consumer Behaviour, Price Negotiation, Competitive Analysis, and Market Dynamics

What you'll learn

  • Understanding Free Rider Problem: Develop knowledge of the free rider problem and its implications on goods and services in an economy.

  • Excludability and Rivalry: Learn how to classify a good based on its excludability and rivalry attributes.

  • Public Goods: Delve into the challenges associated with the provision of public goods and comprehend the reasons behind these difficulties.

  • Market Externalities: Identify different market externalities & recognize why markets typically struggle to address these externality issues

Skills you'll gain

Public Policies, Economics, Economics, Policy, and Social Studies, Resource Allocation, Market Analysis, Environmental Issue, and Supply And Demand

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.

Instructor

Dr. José J. Vázquez-Cognet
University of Illinois Urbana-Champaign
4 Courses198,800 learners

Offered by

University of Illinois Urbana-Champaign

Compare with similar products

Category: This Certificate
Rating
Level
Skills
Last updated
Number of practice exercises
Degree eligibility
Part of Coursera Plus

You might also like

Related skills

Why people choose Coursera for their career

Felipe M.
Learner since 2018
"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."
Jennifer J.
Learner since 2020
"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."
Larry W.
Learner since 2021
"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."
Chaitanya A.
"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."
Coursera Plus

Open new doors with Coursera Plus

Unlimited access to 10,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription

Learn more

Advance your career with an online degree

Earn a degree from world-class universities - 100% online

Explore degrees

Join over 3,400 global companies that choose Coursera for Business

Upskill your employees to excel in the digital economy

Learn more

Frequently asked questions

More questions

Financial aid available,