In markets, prices act as rationing devices, encouraging or discouraging production and consumption to find an equilibrium. In this course, you will learn to construct demand curves to capture consumer behavior and supply curves to capture producer behavior. The resulting equilibrium price “rations” the scarce commodity. Additionally, the course examines the ways in which markets are subject government intervention and the impacts of these interventions.
- 5 stars88.09%
- 4 stars10.71%
- 3 stars0.89%
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I found it very interesting and useful. Easy to understand and grade ourselves with flexibility in watching videos. Thank you
Great course and one the best professors in the business. One day I hope I get a chance to hire Larry's Tree Trimming Service.
Excellent course and excellent mentor who can really make you to rediscover the economy and love it much more than before. Great thanks.
Great course taught by a well-experienced Prof Larry Debrock, assisted by an enviable Prof Vlad, who brought a lot dynamism into the course.