Microeconomics

University of Queensland via edX Professional Certificate

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Details

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Provider

edX Professional Certificate
Pricing

$627.00
Languages

English
Certificate

Certificate Available
Duration & workload

18 weeks, 1-2 hours a week

Found in

Overview

This is an introductory program in Microeconomics that provides a learning experience equipping students with the ability to think like an economist. It focuses on how decision-making units within the economy (e.g. consumers, firms, government departments) make choices and how choices can be made in a way that makes best possible use of limited available resources. Since life is in large part about making choices, this program will help you to understand why the world is the way it is, and how to make use of limited available resources.

The three courses within the program are based on a post-graduate introductory microeconomics course taught on campus at The University of Queensland. The Professional Certificate program will set you on the path to thinking critically about all areas of life where choices are made.

This course is for everyone, whether you are studying at university, a career professional interested in expanding your economic knowledge, or simply curious about human and economic behaviour and what influences it. A focus is placed on core economic principles that are immediately applicable rather than formal mathematical theorizing.

Syllabus

Courses under this program:
Course 1: Principles of Microeconomics: An Economist Way of Thinking

Explore the fundamentals of microeconomics including economic efficiency, scarcity and opportunity costs. This course will set you up to think like an economist and to identify how economics relates to the everyday choices we make.

Course 2: Principles of Microeconomics: Competitive Markets

Become immersed in economic concepts including elasticity of demand, market pricing, explicit and implicit costs and economic profit maximisation. Learn about monopolistic markets and market structure impacts on production and profit.

Course 3: Principles of Microeconomics: Social Microeconomics

Learn about the realm of public goods and game theory. You will investigate and analyse how competitive markets, price discrimination and many more microeconimic concepts contribute to particular outcomes in the real world.

Courses

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6 weeks, 1-2 hours a week, 1-2 hours a week
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By undertaking this course, you will be immersed in economic concepts including elasticity calculation, elasticity of demand, market pricing, explicit and implicit costs, economic profit and mapping supply. You will explore the two distinct functions of market pricing and the concept of marginal cost, which is central to identifying the optimum production levels.

Firms operating as a monopoly and others which operate in a monopolistic market are very different and you will learn what makes them different, the different market structures, and the production quantity for profit maximisation. With great practical examples, this course will ensure you understand the importance of different market structures, the impacts this will have on product pricing and the impact on a firm’s profitability.

This MOOC is part of the Professional Certificate in Microeconomics. We recommend that you explore the other two courses of the program, Principles of Microeconomics and Social Microeconomics. The program is based on a core microeconomics course taught on campus at The University of Queensland. Don't wait to enroll and begin learning from industry experts now!

If you are interested in pursuing economics further, UQx provides an accompanying Professional Certificate in Macroeconomics program running in parallel to this course. Building on your knowledge of microeconomics with this additional program will provide you with a strong foundation of economics.

Overall, this course is for everyone, whether you are studying at university, a career professional interested in expanding your economic knowledge, or simply curious about global economic behaviour and what influences it.
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6 weeks, 1-2 hours a week, 1-2 hours a week
View details

Recent global economic and non-economic events have highlighted the importance of informed and well reasoned decision making of resource allocation and efficiency. This course focuses on how decision making units within the economy (e.g. consumers, firms, government departments) make choices and how choices can be made in a way that makes best possible use of limited available resources. Since life is in large part about making choices, this course will help you to understand why the world is the way it is, and in so doing, shed light on how it might be changed for the better.

Firstly the course equips you to think and see the world like an economist. Topic areas include advancing your knowledge in comparative advantage and opportunity cost. The next area, supply and demand, focuses on how choices are made in a market system and how an economic system coordinates many rational choices of self-interested decision-makers. You will explore the application of economic theory and economic efficiency of competitive markets, as well as consumer and producer surplus and deadweight loss.

This MOOC is part of the Professional Certificate in Microeconomics. We recommend that you explore the other two courses of the program, Competitive and Imperfectly Competitive Markets and Social Microeconomics. The program is based on a core microeconomics course taught on campus at The University of Queensland. Don't wait to enroll and begin learning from industry experts now!

If you are interested in pursuing economics further, UQx provides an accompanying Professional Certificate in Macroeconomics program running in parallel to this course. Building on your knowledge of microeconomics with this additional program will provide you with a strong foundation of economics.

Overall, this course is for everyone, whether you are studying at university, a career professional interested in expanding your economic knowledge, or simply curious about global economic behaviour and what influences it.
0 reviews
6 weeks, 1-2 hours a week, 1-2 hours a week
View details

In this course, we begin your strategic thinking journey by exploring imperfect competition, price discrimination, oligopoly, and game theory. You will be provided with practical examples the whole way through the course to enhance your real-world application of your new knowledge.

The course also explores the concept of Public Goods, specifically those goods and services that have characteristics of being both non-rivalrous and non-excludable. You will learn how competitive markets can produce inefficient outcomes in the presence of externalities.

The categories of public goods, private goods, collective goods and common goods are also explored through the use of real world examples, promoting a great practical understanding of the topic area.

The course also investigates asymmetric information and how firms deal with the problems associated with imperfect information. There are many practical examples for you to watch and work through to ensure you develop a thorough understanding and are able to apply your knowledge once you complete the course.

This MOOC is part of the Professional Certificate in Microeconomics. We recommend that you explore the other two courses of the program, Principles of Microeconomics and Competitive and Imperfectly Competitive Markets. The program is based on a core microeconomics course taught on campus at The University of Queensland. Don't wait to enroll and begin learning from industry experts now!

If you are interested in pursuing economics further, UQx provides an accompanying Professional Certificate in Macroeconomics program running in parallel to this course. Building on your knowledge of microeconomics with this additional program will provide you with a strong foundation of economics.

Overall, this course is for everyone, whether you are studying at university, a career professional interested in expanding your economic knowledge, or simply curious about global economic behaviour and what influences it.