Economics - Introductory Micro Economics

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Course Code: micro_economics

Economics - Introductory Micro Economics View Preview
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Course Detail
2.5 hours
Skill Level:
Beginner Level

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Certificate of Completion

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Course Description

This  Course covers several Economics topics like Producer's Equilibrium, Concept of Revenue, Forms of Market and Perfect competition. In Producers Equilibrium, we have covered what is producers Equilibrium, when is it achieved, how can you find out Producers Equilibrium using Marginal cost curve, Long and short run equilibrium and what is perfect competition. In the concept of Revenue section, you would learn about, Average, Marginal and Total Revenue, there inter-se relationship and Demand curve of a firm under Perfect competition and Monopoly or monopolistic competition. When looking at Forms of Market, we have explained various forms of market and there characteristics, including perfect competition, monopoly, monopolistic competition and Oligopoly. How each of these forms of market compare with each other is also covered as a part of this Course. In case of perfect competition, our course covers what would be the market situation in case where either supply or demand are elastic, or inelastic, and there are changes in the other variable. This would cover simultaneous changes in supply and demand, change in demand when supply is perfectly inelastic and vice versa.

What are the requirements?

  • Students should have basic knowledge of what constitutes an Economy and basic manner in which it operates

What am I going to get from this course?

  • Understand various forms of Market and there characteristics, including perfect competition, monopoly, monopolistic competition and Oligopoly
  • Understand what constitutes Perfect competition
  • Understand when a Producer can be said to be in Equilibrium

Who is the target audience?

  • School or College students who are learning Economics


  • Section: Course Description
  • Introduction to the Course Preview
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