Description
Economics is an incredibly vast subject, commonly divided into macroeconomics and microeconomics. The former deals with governments and international decisions, so it’s closely related to defining theories and shaping policies. While it’s a fascinating subject, it’s not necessary to understand in detail if you’re not someone who works in the financial, economic, or political sector.
The principles of microeconomics, on the other hand, cover the topics relevant to every one of us, as it analyzes the decisions made by companies and individuals. In this course, Chris Benjamin will provide an extensive introduction to microeconomics to help you get a firm grasp on the way market works and make better investment decisions yourself!
Get an introduction to microeconomics from an industry professional!
Chris Benjamin is one of the most active instructors on BitDegree, who has taught hundreds about economics, entrepreneurship, business, and finances. Now, he has prepared an extensive intro to microeconomics so that you could get familiar with the ideas of supply, demand, pricing, and investment.
If you thought microeconomics is only relevant to those working in economic and financial sectors, think again! Gregory Mankiw, the author of the popular microeconomics textbook Principles of Economics, calls microeconomics a ‘course in life management’, and he’s right: we are all dealing with money and finances every day.
Mastering the microeconomics basics allows you to have better control of your personal and professional budget. It is a crucial skill in any household – not to mention each and every industry. Upon finishing this introduction to microeconomics, you will be capable of making informed financial decisions. This will allow you to maximize utility: you will manage to get the greatest value and the highest satisfaction while sticking to limited resources.
Learning microeconomics: basics that everyone should know
Chris Benjamin has created this introduction to microeconomics with beginners in mind, so absolutely no prior knowledge is needed to take the course. You will learn all the principles of microeconomics you need to get your bearings in the world of finance and investment, such as:
- How supply and demand works, and how companies use it to maximize profit
- When the market equilibrium occurs and what impact it has
- How the small financial decisions contribute to the big picture
- How monopolies and oligopolies work and what their pros and cons are
- How individuals and firms use can use game theory to stay ahead
- What impacts our financial choices and how you can control your budget better
This introduction to microeconomics consists of 50+ informative video lectures in total, divided into 20 sections by topic. This makes it easier for you to quickly refer to any information you might need later – by purchasing this intro to microeconomics course, you receive lifetime access to the materials!
Renting a place, shopping for groceries, choosing between investment opportunities – we’re all making financial decisions every day. Enroll in a comprehensive introduction to microeconomics course to strengthen your knowledge and learn to get the best bang for your buck every time!
What Will You Learn?
- The difference between microeconomics and macroeconomics
- Monopolies and oligopolies
- Pricing decisions and market dynamics
- Marginal utility
- Game theory
Requirements
- Interest in small-scale economics
Curriculum
Course consist of total 3h 20min of content, in total.
Section 1: Course Introduction
Section 2: Discovering Why Micro Economics Is A Big Deal
Section 3: Considering Consumer Choice: Why Economists Find You Fascinating
Section 4: Looking at the Behavior of Firms
Section 5: Living A Life Without Limits
Section 6: Considering the Art of the Possible: Budget Control
Section 7: Achieving the Optimum in Spite of Constraint
Section 8: Working With Different Costs and Cost Curves
Section 9: Squeezing Out Every Last Drop of Profit
Section 10: Producing Stuff to Sell: The Supply Curve
Section 11: Dreaming of the Consumer's Delight: Perfect Competition
Section 12: Oligopoly and Imperfect Competition
Section 13: The Monopoly Game
Section 14: Examining Market Failure: Pollution and Parks
Section 15: Understanding The Dangers of Asymmetric Information
Section 16: Playing Games With Economic Theory
Section 17: Keeping Things Stable: The Nash Equilibrium
Section 18: Knowing How to Win at Auctions
Section 19: Understanding the Game: Credible Threats and Signals
Section 20: Course Conclusion
About the Instructor
Chris Benjamin is a passionate instructor and management consultant. As a consulting Chief Financial Officer, he helps growth-stage companies to work with investors, do financial modeling, reporting, and analysis and put all the best accounts payable practices. Throughout his over 10 years of experience, Chris has already helped more than 100 startups to succeed.
Chris Benjamin has a passion for sharing his experience with students and teaching online. His focus is on teaching business-related topics like finance, accounting, Excel, and entrepreneurship. Chris is a creator of more than 85 courses and has over 30k students who enrolled in his courses.
Chris holds a Bachelor’s degree in accounting from the University College of the Fraser Valley and an MBA in business from the University of Washington.
On BitDegree, you can find some of the best Chris Benjamin’s courses and expand your knowledge. You can learn such things as economics, finance, public speaking, business management, and others. Choose the best course for yourself and take your skills to the next level in no time!
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