Learning Outcomes

How Economists Define and Compute Unemployment Rate

Patterns of Unemployment

What Causes Changes in Unemployment over the Short Run

What Causes Changes in Unemployment over the Long Run

Relating Inflation and Unemployment

Lesson Summary

This module explains the aspects of unemployment and its relationship with economic inflation. You will learn about different types of unemployment and their impact to the economy. The module also covers the following: How to Compute Unemployment Rate, Unemployment over the Long Run and the inverse relationship between Inflation and Unemployment.

The Business Cycle

Growth of Real GDP and Business Cycles

Aggregate Demand

The Long Run and the Short Run

Recessionary and Inflationary Gaps

This module studies the nature, causes, and characteristics of the two major economic problems: periods of severe unemployment and periods of inflation. It also covers the concept of aggregate demand and real GDP. Finally the module explains Macroeconomic equilibrium by discussing recessionary and inflationary Gaps.

Macroeconomics: Growth and Inflation - Course assessment

Unpack the effects of the natural business cycle, economic inflation and unemployment in this free business course.

Macroeconomics: Growth and Inflation

This course on macroeconomic inflation and unemployment explores the economic business cycle in both the short-term and long-run. It covers the concept of aggregate demand (AD), recessionary and inflationary gaps, and long-run macroeconomic equilibrium. Another topic you will explore includes the short-run effects of unemployment. By the end of the material, you will be able to describe and understand the full economic business cycle.

Monopoly Basics

Review of Revenue and Cost Graphs for a Monopoly

Monopolist Optimizing Price (part 1)- Total Revenue

Monopolist Optimizing Price (part 2)- Marginal Revenue

Monopolist Optimizing Price (part 3)- Dead Weight Loss

Optional Calculus Proof to Show that MR has Twice Slope of Demand

Yes Oligopolies and Monopolistic Competition

Monopolistic Competition and Economic Profit

This module covers what a monopoly is in the world of economics, how it occurs and how it operates. During this module, you will learn how monopolies optimize prices. How to use graphs and formulas to calculate the optimal supply for maximum profit. This course compares and contrasts oligopolies, monopolistic competition and perfect competition and introduces economic terms and concepts such as marginal revenue, opportunity cost and economic profit.

Understanding Monopolies in Economics – Assessment

Find out about the various economic and financial implications of monopolies existing within any business sector.

Understanding Monopolies in Economics

With this free online course on understanding monopolies, you will study market situations where one producer or a group of producers acting in concert controls the supply of goods or a service. Learn about how they can prevent the entry of new suppliers into a market, and exert influence by keeping prices high and restricting output, and how they tend to show little or no responsiveness to the needs of their customers.

Introduction to Microeconomics

The Demand Curve

The Supply Curve

The Equilibrium Price and Quantity

A Deeper Look at the Demand Curve

The Demand Curve Shifts

A Deeper Look at the Supply Curve

The Supply Curve Shifts

Exploring Equilibrium

Does the Equilibrium Model Work?

Supply and Demand Terminology

In this module, you will first explore how people respond to changes in price and discover the relationship between price and quantity supplied. Next, learn how prices reach equilibrium. Then, learn about horizontal and vertical methods for reading the demand curve, how demand curves shift, and consumer surplus. Then, explore important factors that shift the demand curve as well as the supply curve. Lastly, this module will present a case study that explores the equilibrium model.

Elasticity of Demand

Office Hours: Elasticity of Demand

Calculating the Elasticity of Demand

Elasticity of Supply

Elasticity and Slave Redemption

Applications Using Elasticity

In this module, learn about determinants of elasticity, the midpoint formula, and how to calculate the elasticity of supply. Then, explore the history of the Sudan civil war and how elasticity relates to the slave redemption. Lastly, learn about how elasticity relates to other scenarios, such as gun buyback programs in the U.S.

Commodity Taxes

Who Pays the Tax

Tax Revenue and Deadweight Loss

Subsidies

Wage Subsidies

In this module, you will first learn about taxes, tax revenue, and subsidies. Then, learn about who really pays taxes – buyers or sellers? This will be introduced in conjunction with the notion of social security and health insurance taxes.  Then, gain an understanding of why taxes exist and how taxes relate to surplus and deadweight. Lastly, learn about subsidies, such as wage subsidies and minimum wage.

Microeconomics: Supply, Demand, and Equilibrium - Final Assessment

Learn about supply, demand, and taxes and how they impact the economy with this free online microeconomics course.

Microeconomics: Supply, Demand, and Equilibrium

Well-known economists Tyler Cowen and Alex Tabarrok bring microeconomics to life in this free online course. Engaging, easy-to-follow lessons explore how the supply of goods and services drives an economy, how prices help co-ordinate market activity, and how consumers respond to changes in price. Study the relationship between price and supply, examine the elasticity of supply and demand, and gain an understanding of taxes and subsidies, today!

The Concept of Market

Analysing the Perfect Competition

The Supply Curves

Perfect Competiton in the Real World.

This module starts with the concept of the market. You will learn about the economic analysis of the perfect competition, along with the market supply curve and the supply curve of the firm. You will also learn about the long-run equilibrium. This module also addresses perfect competition in the real world.

Types of Monopoly

Monopoly and Shifts

Social Cost and Regulation of Monopoly Power

Bilateral Monopoly and Monopolistic Competition

This module is about Monopoly, which is a form of market where a single seller sells a product that has no close substitute. You will learn about the various types of monopoly and how a monopoly maximises its profit. You will also learn about monopoly power and how it is measured.

Course Sssessment

In this free online course, learn about perfect competition and monopolies, and how they operate in various markets.

Managerial Economics -  Monopoly and Perfect Competition

How is the concept of ‘the market’ connected to perfect competition and monopolies? In this free online economics course, you will learn about their relationship and also about long-run equilibrium plus competition in the stock and credit card markets. Study how monopolies maximize their profits, different forms of monopoly and the concept of monopolistic power.

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