Market Equilibrium, Government Policy & Elasticity

University of Illinois Urbana-Champaign via Coursera

Go to Course: https://www.coursera.org/learn/market-equilibrium-government-policies-and-elasticity

Syllabus

Market Efficiency and Government Policies

Welcome! Last course we introduced the supply and demand model to explain how free markets work. One of the main concepts we learned about free markets was that they tend to gravitate toward an “equilibrium” price and quantity. This module we will use the same conceptual model to answer one important question: Are free markets the best way to distribute society’s resources?

Elasticities

Welcome! This module we will cover one of my favorite economics concepts: elasticity. It is one of my favorites because of how useful it is to analyze policy implications, as well as its usefulness for business managers. This will be obvious to you when you read one of the discussion topics for this module: Should we legalize marijuana?

Overview

Most people make the incorrect assumption that economics is ONLY the study of money. My primary goal in this course is to shatter this belief. During this course, we will be addressing the above questions as well as many more relating to: -the environment -love and marriage -crime -labor markets -education -politics -sports -business My main goal is to show you the way economists think and how to use this analytical system to answer questions related not only to these and other important human

Skills

Critical Thinking Decision-Making

Reviews

Dr Cognet is an amazing professor, by far the best professor. I have done 16 courses from coursera and I am saying for the first time. Brilliant professor.