Introductory Microeconomics

Introductory Microeconomics

This course provides the most comprehensive and serious overview of first-year University Microeconomics (and, technically, way more than first-year Microeconomics) available, to date, on Udemy.

I don't have to be here. But if I am going to be here, I am going to do it right and set the benchmark as to how Economics should be taught. Because I take students and their exams and their personal development seriously (on that note, feel absolutely free to reach out for any question or doubt that may arise as you delve into the material). Because, when I was taken seriously by my professors, everything became clearer and more engaging. Because the world is in dire need of engaged, curious people who act according to the brains instead of their stomach, people who let serious social science guide their gaze upon the surrounding world instead of random nonsense. A thoughtful world is a better world. I am strongly convinced that a resolute, serious study of proper economics helps moving toward that end. I am going to guide you at every step of the way, but excellence requires your resolute and serious effort as well: you shall take out only what you shall put in.

In this course, I set out to introduce the main ideas and models in Microeconomics. Its purpose, shared by the other "Introductory" courses too, is to lay the foundations for deeper and more comprehensive studies in Economics. Hence, I spend little time dwelling on the mathematical derivations and statistical nuances, covering only the bare minimum, and more time trying to convey the intuition, the concept and, essentially, why should you care. After having covered the simple market model of supply and demand, I discuss Consumer’s Choice, Producer’s Choice (including production and costs), Game Theory (included an introduction to Auction Theory), the various models of Competition (Monopoly, Monopolistic Competition, Oligopoly), Uncertainty, Externalities (including the Coase Theorem), Public Goods, and the Informational Asymmetries (Adverse Selection, Moral Hazard and Signalling). I cap the course off by introducing you to an area of Advanced Microeconomics (Market Design) that, I believe, puts together all the ideas and models discussed herein to deal with problems of fundamental importance (how do we create and improve markets to guarantee not just the existence of the "economic pie" but of a "fair distribution" of the "economic pie"), in the hope that that shall fire your curiosity up. Which is the only thing that matters.

An Introduction to Consumer, Firm, Game Theory and Imperfect Markets

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What you will learn

• How to think (and think critically) about Microeconomics

Rating: 4.2

Level: Beginner Level

Duration: 19 hours

Instructor: Econ Academy