University of Illinois at Urbana-Champaign
Firm Level Economics: Consumer and Producer Behavior
University of Illinois at Urbana-Champaign

Firm Level Economics: Consumer and Producer Behavior

This course is part of Managerial Economics and Business Analysis Specialization

Taught in English

Some content may not be translated

Larry DeBrock

Instructor: Larry DeBrock

88,830 already enrolled

Included with Coursera Plus

Course

Gain insight into a topic and learn the fundamentals

4.8

(2,394 reviews)

|

97%

Intermediate level
Some related experience required
17 hours (approximately)
Flexible schedule
Learn at your own pace
Progress towards a degree

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

14 quizzes

Course

Gain insight into a topic and learn the fundamentals

4.8

(2,394 reviews)

|

97%

Intermediate level
Some related experience required
17 hours (approximately)
Flexible schedule
Learn at your own pace
Progress towards a degree

See how employees at top companies are mastering in-demand skills

Placeholder

Build your subject-matter expertise

This course is part of the Managerial Economics and Business Analysis Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate
Placeholder
Placeholder

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV

Share it on social media and in your performance review

Placeholder

There are 5 modules in this course

You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.

What's included

2 videos6 readings1 quiz1 discussion prompt

The fundamental problem of scarcity challenges us to think about an allocation mechanism to determine what is produced and who consumes it. We will discuss scarcity and allocation mechanisms. In this course, we will focus on markets and prices as the solution to this resource allocation problem.

What's included

7 videos2 readings3 quizzes

Markets are frequent targets of governments. This module will introduce government policy intervention into the market. This intervention can be direct control of prices or it could be indirect price pressure through the imposition of taxes or subsidies. Both forms of intervention are impacted by elasticity.

What's included

10 videos2 readings4 quizzes

This module will introduce cost theory. Firms are interested in producing profits, which are the residuals when costs are subtracted from revenue. Earlier modules constructed demand curves. They give us an idea of how many units of product we can sell at different prices; this would be firm revenue. We will work to understand inputs, production, and costs.

What's included

14 videos2 readings3 quizzes

The firm goal of profit maximization requires an understanding of costs and revenues. In this module, we will see how a firm optimally responds to a given market price by finding the profit maximizing output. The level of profits at this maximum profit point will help determine short run equilibrium.

What's included

10 videos5 readings3 quizzes1 peer review1 plugin

Instructor

Instructor ratings
4.8 (544 ratings)
Larry DeBrock
University of Illinois at Urbana-Champaign
2 Courses96,082 learners

Offered by

Recommended if you're interested in Finance

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."

Learner reviews

Showing 3 of 2394

4.8

2,394 reviews

  • 5 stars

    85.44%

  • 4 stars

    12.47%

  • 3 stars

    1.25%

  • 2 stars

    0.25%

  • 1 star

    0.58%

KS
5

Reviewed on Sep 11, 2019

RS
5

Reviewed on Aug 22, 2017

R
5

Reviewed on Oct 2, 2022

New to Finance? Start here.

Placeholder

Open new doors with Coursera Plus

Unlimited access to 7,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription

Advance your career with an online degree

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

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

Upskill your employees to excel in the digital economy

Frequently asked questions