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%
- 1 star0.29%
Prof. Larry DeBrock makes very complicated concepts seem simple and understandable. He shows how to apply the concept to contemporary relevant issues. I sincerely loved this class.
Excellent course to understand basics of economics. Prof DeBrock does a great job of explaining the concepts. Love his energy and enthusiasm
wonderfull experience to learn about firm level economics with Larry one of the best sir who taught me in a very easy way thank you
Professor Larry is exceptional. He has a deep understanding of the subject and an effective teaching style. I am honored to take his course.