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4.7
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約14時間で修了

推奨:5 weeks of study, 4-7 hours/week...

英語

字幕:英語, モンゴル語

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EconomicsMicroeconomicsEconomic AnalysisMarket (Economics)

100%オンライン

自分のスケジュールですぐに学習を始めてください。

柔軟性のある期限

スケジュールに従って期限をリセットします。

約14時間で修了

推奨:5 weeks of study, 4-7 hours/week...

英語

字幕:英語, モンゴル語

シラバス - 本コースの学習内容

1
2時間で修了

The Concept of Scarcity

Where do markets come from? We will start with understanding the constraint of scarcity that we face and the concept of opportunity cost that reflects the true cost of any decision we make. We will learn to model scarcity using the Production Possibilities Frontier that allows us to visualize tradeoffs, distinguish between efficient, inefficient and unattainable points. We will also discuss how economic growth affects our options and allows us to achieve the previously unattainable....
17件のビデオ (合計54分), 3 readings, 3 quizzes
17件のビデオ
1.1.1 Opportunity Cost: Introduction2 分
1.1.2 Opportunity Cost: The Cost of Education2 分
1.1.3 Opportunity Cost: Numeric Example 13 分
1.1.4 Opportunity Cost: Numeric Example 22 分
1.1.5 Opportunity Cost: Numeric Example33 分
1.1.6 Opportunity Cost: Numeric Example 42 分
1.2.1 Scarcity: Introduction2 分
1.2.2 Production Possibilities Frontier: Definition2 分
1.2.3 Allocative Efficiency: Defining Marginal Cost and Marginal Benefit3 分
1.2.4 Allocative Efficiency: When Marginal Cost Equals Marginal Benefit1 分
1.2.5 Production Possibilities Frontier: Graphical Approach4 分
1.2.6 Production Possibilities Frontier: Numerical Example4 分
1.2.7 Production Possibilities Frontier: Understanding the Slope2 分
1.2.8 Production Possibilities Frontier: Modeling Technological Change and Growth2 分
1.2.9 Allocative Efficiency: Graphical Approach 13 分
1.2.10 Allocative Efficiency: Graphical Approach 27 分
3件の学習用教材
Additional Readings: General Suggestions10 分
Participate in a Purdue Research Project (Optional)10 分
Additional Readings: Week 110 分
3の練習問題
Opportunity Cost6 分
Production Possibility Frontier (PPF)6 分
Production Possibilities Frontier and Growth8 分
2
1時間で修了

Specialization & Trade

Trade allows us to achieve the unattainable- we can consume more than we can produce on our own. We will introduce the concept of Comparative Advantage and discuss how gains from specialization allow us to use our resources efficiently. We will apply these concepts to a simple model of trade, showing that now the Consumption Possibilities Frontier allows points outside the Production Possibilities Frontier....
14件のビデオ (合計39分), 1 reading, 2 quizzes
14件のビデオ
2.2.1 Comparative Advantage: Numerical Example 1 - Set up1 分
2.2.2 Comparative Advantage: Numerical Example 2 - Individual PPFs3 分
2.2.3 Comparative Advantage: Numerical Example 3 - Joint PPF2 分
2.2.4 Comparative Advantage: Numerical Example 4 - Joint PPF Completed3 分
2.3.2 Comparative Advantage: Definition57
2.2.5 Comparative Advantage: Numerical Example 5 - Gains from Specialization4 分
2.2.6 Comparative Advantage: Numerical Example 61 分
2.2.7 Comparative Advantage: Numerical Example 72 分
2.3.1 Absolute Advantage: Definition42
2.4.1 Gaining from Specialization Through Trade3 分
2.4.2 Gaining from Specialization: The Consumption Possibilities Frontier4 分
2.4.3 Gaining from Specialization: General Graphical Approach5 分
2.4.4 Gaining from Specialization: Imports and Exports3 分
1件の学習用教材
Additional Readings: Week 210 分
2の練習問題
Comparative Advantage10 分
Trade4 分
3
1時間で修了

Supply and Demand

We will introduce the central model of Supply & Demand. This will allow you to communicate with other economists and finally understand those business pages and market updates. We will distinguish between a movement along and a movement of the supply & demand curves. We will define market equilibrium as understand that at an equilibrium price there is neither excess demand nor excess supply. We will end by a few scenarios where exogenous changes affect supply and/or demand and analyze the impact on equilibrium price and quantity....
15件のビデオ (合計44分), 1 reading, 4 quizzes
15件のビデオ
3.1.2 The Demand Curve3 分
3.1.3 Shifts of Demand: Part 13 分
3.1.4 Shifts of Demand: Part 24 分
3.1.5 The Supply Curve4 分
3.1.6 Shifts of Supply: Part 12 分
3.1.7 Shifts of Supply: Part 23 分
3.1.8 Market Equilibrium: Definition2 分
3.1.9 Market Equilibrium: Understanding Who Buys and Who Sells2 分
3.1.10 The Invisible Hand: Part 13 分
3.1.11 The Invisible Hand: Part 22 分
3.1.12 Changes in Demand: Effect on Market Equilibrium3 分
3.1.13 Changes in Supply: Effect on Market Equilibrium2 分
3.1.14 Simultaneous Changes in Demand & Supply: Effect on Market Equilibrium2 分
3.1.15 Supply & Demand: Conclusion1 分
1件の学習用教材
Additional Readings: Week 310 分
4の練習問題
The Demand Curve8 分
The Supply Curve4 分
Market Equilibrium8 分
A Change in Market Equilibrium6 分
4
2時間で修了

Understanding Markets: Elasticities, Market Surplus, Efficiency, and Equity

There is a lot of terminology this week. We will introduce of the concept of elasticity of demand that measures the responsiveness of quantity demanded to a change in the price of a good. We will explore the relationship between change in price and revenue or sales and how elasticities can help us predict whether a decrease in price will increase or decrease revenue. We then introduce other elasticities of note: cross price elasticity, income elasticity and elasticity of supply. We end the week by exploring the great accomplishment of markets: maximizing the size of the pie or the total benefit to society. ...
23件のビデオ (合計82分), 1 reading, 4 quizzes
23件のビデオ
4.1.2 Elasticity of Demand4 分
4.1.3 What Affects Elasticity of Demand4 分
4.1.4 Perfectly Inelastic and Perfectly Elastic Demand4 分
4.1.5 Elasticity Along a Straight Line Demand Curve3 分
4.1.6 Elasticity and Revenue: Part 13 分
4.1.7 Elasticity and Revenue: Part 21 分
4.1.8 Unit Elastic Demand Curve2 分
4.1.9 Cross Price Elasticity: Complements vs. Substitutes2 分
4.1.10 Income Elasticity: Normal vs. Inferior Goods2 分
4.1.11 Elasticity of Supply3 分
4.1.12 Elasticity: Summary1 分
4.2.1 Efficiency & Equity: Introduction2 分
4.2.2 Consumer Surplus5 分
4.2.3 Producer Surplus4 分
4.2.4 Maximizing Total Surplus1 分
4.2.5 T.S. at a Quantity Greater Than Equilibrium Quantity4 分
4.2.6 T.S. at a Quantity Smaller Than Equilibrium Quantity4 分
4.2.7 Efficiency & Equity: Conclusion1 分
4.2.8 Price Ceiling5 分
4.2.9 Price Floors: The Case of Minimum Wage5 分
4.2.10 Calculating Total Surplus: Numerical Example4 分
4.2.11 Price Ceilings: A Numerical Example5 分
1件の学習用教材
Additional Readings: Week 410 分
4の練習問題
Elasticity of Demand10 分
Elasticity of Demand & Revenue4 分
Other Elasticity Terms6 分
Consumer and Producer Surplus8 分
4.7
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人気のレビュー

by ASJan 14th 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.

by LYApr 11th 2016

Thanks for the professional details of this course. And I think the numerical examples provided by Professor Rebecca give me good understanding about the power of markets.

講師

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Rebecca Stein

Senior Lecturer
Economics

ペンシルベニア大学(University of Pennsylvania)について

The University of Pennsylvania (commonly referred to as Penn) is a private university, located in Philadelphia, Pennsylvania, United States. A member of the Ivy League, Penn is the fourth-oldest institution of higher education in the United States, and considers itself to be the first university in the United States with both undergraduate and graduate studies. ...

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