This course is developed to teach modern microeconomic theory to understand the behavior of household, firms and their interaction under different market structure. The purpose of this course is to provide students with a basic understanding of economic theory that can be used in managerial decision making problems within various organizational settings such as a firm or a government agency. Objective is to develop a good understanding of economic concepts and tools that have direct managerial applications.
Week 1: Introduction, Demand and Supply.
Week 2: Elasticity of demand and supply.
Week 3: Government intervention and efficiency.
Week 4: Producer theory and cost curves.
Week 5: Market structures and perfect competition.
MOOCs stand for Massive Open Online Courses. These arefree online courses from universities around the world (eg. StanfordHarvardMIT) offered to anyone with an internet connection.
How do I register?
To register for a course, click on "Go to Class" button on the course page. This will take you to the providers website where you can register for the course.
How do these MOOCs or free online courses work?
MOOCs are designed for an online audience, teaching primarily through short (5-20 min.) pre recorded video lectures, that you watch on weekly schedule when convenient for you. They also have student discussion forums, homework/assignments, and online quizzes or exams.