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Back to Microeconomics: The Power of Markets

Learner Reviews & Feedback for Microeconomics: The Power of Markets by University of Pennsylvania

4.7
stars
1,647 ratings

About the Course

We make economics decisions every day: what to buy, whether to work or play, what to study. We respond to markets all the time: prices influence our decisions, markets signal where to put effort, they direct firms to produce certain goods over others. Economics is all around us. This course is an introduction to the microeconomic theory of markets: why we have them, how they work, what they accomplish. We will start with the concept of scarcity and how specialization according to comparative advantage helps us achieve more than we could alone. Next we model a marked using the tools of Supply and Demand and learn what well working markets accomplish and what their limit are. We end by exploring the impact of government intervention on perfect markets. Examples are taken from everyday life, from goods and services that we all purchase and use. We will apply the theory to current events and policy debates through weekly exercises. These will empower you to be an educated, critical thinker who can understand, analyze and evaluate market outcomes....

Top reviews

RL

Feb 9, 2018

Nice introductory course for microeconomics. Course provides simple and easy explanations for demand and supply, elasticity, effects of tax and subsidies on market.

AS

Jan 13, 2017

I really enjoyed the clarity with which the concepts were taught. I loved the examples and I thought they were very helpful and made the concepts so much easier to understand.

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326 - 331 of 331 Reviews for Microeconomics: The Power of Markets

By Adam M

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Aug 11, 2022

Great in terms of explaining neoclassical economic concepts, HOWEVER, atrocious in terms of market fetishization.

By Lydia S

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Apr 26, 2020

Fantastic lectures, but quizzes are badly written and bear little relationship to the material covered.

By Siddharth N

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May 26, 2017

Average video is 2-3 minutes long. Very frustrating. Disrupts flow like crazy. Material is good.

By Saman S

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Jul 11, 2022

For each video, there are 12 seconds of repeated intro that gets very much annoying over time, besides wasting a lot of time by the end of the course.

By Stephen D

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Dec 9, 2016

IT'S PRONOUNCED "CURVE".

The teacher is incapable of pronouncing the letter 'r', making lectures infuriating.

By Deborah G A

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Feb 6, 2024

The explanation to the course videos are not adequate. Explanations to how answers are gotten and how they were derived are not sufficient. The writings on the board are too many, It makes it clumsy and difficult to follow. Week 2, Comparative Advantage Individual PPF and joint PPF videos and explanations to them are not clear, especially with how the hours we derived for each.