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Back to Microeconomics: The Power of Markets

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

4.8
stars
1,661 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

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.

MH

May 3, 2016

Nice, short and interesting videos. The assignments are not too difficult or too easy. You can see, that Mrs Stein put a lot of effort into the videos and explanations.

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226 - 250 of 336 Reviews for Microeconomics: The Power of Markets

By Ravi V

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Jun 23, 2022

Its a good course

By Shawn T

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Sep 25, 2021

great explanation

By Nasario M

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Jun 24, 2020

Excellent Course!

By Archana A

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Oct 29, 2024

Excellent course

By Nimish K

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Aug 28, 2021

Wonderful Course

By Ziqi C

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Jul 11, 2021

very nice course

By Jun Z

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Dec 24, 2017

excellent course

By rishitha r s

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Aug 23, 2017

very interesting

By Kobieliev V

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Nov 6, 2023

Все будо чудово

By Begli S

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Nov 17, 2021

the best course

By Ramesh M

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Apr 17, 2020

Awesome teacher

By Kailas S K

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Feb 17, 2019

Very productive

By Clifford T

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Mar 2, 2016

excellent class

By Joselyne U M

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Jul 16, 2025

So educational

By Pranav S

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Feb 5, 2023

Amazing course

By Kenesbekova A

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Oct 23, 2021

Я благодарна!

By David A P

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Feb 8, 2025

Es excelente!

By Ashwed A P

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Jul 1, 2018

Great course!

By Shashkiyeva A

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Jul 3, 2023

замечательно

By Nishant S

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Sep 25, 2022

nice course

By Rasinah b A K

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Sep 10, 2021

great module

By Ahmed O M F

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Apr 6, 2020

Super Course

By Leah R

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Aug 9, 2018

Great Course

By Amar S

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Aug 11, 2019

Good Course

By 張守忻

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May 8, 2019

very gooodd