Class Central is learner-supported. When you buy through links on our site, we may earn an affiliate commission.

XuetangX

Business Economics

Jiangxi University of Finance and Economics via XuetangX

Overview

Welcome to Business Economics from Jiangxi University of Finance and Economics.

 

This course will provide you with a basic understanding of the principles of microeconomics, which studies the behavior of individuals and businesses and how decisions are made based on the allocation of limited resources. Microeconomics is the branch of economics that pertains to decisions made at the individual level, such as the choices that individual consumers and companies make after evaluating resources, costs, and tradeoffs. These decisions and behaviors affect the supply and demand for goods and services, which determine the prices we pay. These prices, in turn, determine the quantity of goods supplied by businesses and the quantity of goods demanded by consumers.

 

When we talk about the economy, we refer to the marketplace or economic system where our choices interact with one another. In this course, we discuss how and why we make economic decisions, and how our choices affect the economy. Think about each of the following units as a building block, where the concepts you learn will enable you to understand the material you discover in the next unit. By the end of this course, you will have a strong grasp on the major issues in microeconomics, this include consumer and producer behavior, the nature of supply and demand, the different kinds of markets and how they function, and the welfare outcomes of consumers and producers. We also explore how these formal principles and concepts apply to real-world issues. The scope and emphasis of this course go far beyond a general understanding of microeconomics to incorporate the core concepts of the overall field of economics.


The main purpose of this course is to help students to have an objective and in-depth understanding of economic theory. The course is interspersed with a large number of videos and cases, covering five units, with thirteen chapters. Unit One: Introduction; Unit Two: How markets work; Unit Three: Households’ Choices; Unit Four: Firms and Markets; Unit Five: Market Failure and Government. 


本课程将为你提供对微观经济学原理的基本理解。微观经济学研究个人和企业的行为以及如何根据有限资源的分配做出决策。微观经济学是经济学的一个分支,与个人层面做出的决策有关,例如个人消费者和公司在评估资源和成本后做出的选择。这些决定和行为会影响商品和服务的供求关系,从而决定我们支付的价格。这些价格反过来又决定了企业供应的商品数量和消费者需求的商品数量。

 

当我们谈论经济时,我们指的是市场或经济体系。在本课程中,我们将讨论我们如何以及为什么做出经济决策,以及我们的选择如何影响经济。在本课程结束时,您将对微观经济中的主要问题有很强的了解,  包括消费者和生产者行为,供需的性质,不同类型的市场及其运作方式,以及消费者和生产者的福利结果。我们还探讨了这些形式原则和概念如何应用于现实世界的问题。本课程的范围和重点远远超出了对微观经济学的一般理解,而是纳入了整个经济学领域的核心概念。


本课程的主要目的是帮助学生对经济理论有一个客观而深入的了解。课程穿插大量视频和案例,涵盖五个单元,十三个章节。第一单元:绪论;第二单元:市场如何运作;第三单元:家庭的选择;第四单元:公司和市场;第五单元:市场失灵与政府。



Syllabus

  • Chapter 1 What Is Economics?
    • 1.1 the definition of economics
    • 1.2 the scope of economics
    • 1.3 the key ideas for the economic way of thinking
    • 1.4 Economics as social science and policy tool
  • Chapter 2 The Economic Problem
    • 2.1 Production Possibilities and Opportunity Cost
    • 2.2 Using Resources Efficiently
    • 2.3 Economic Growth
    • 2.4 Economic Coordination
  • Chapter 3 Demand and Supply
    • 3.1 Definition of Demand
    • 3.2 Changes of Demand
    • 3.3 Definition of Supply
    • 3.4 Changes of Supply
    • 3.5 Market Equilibrium
  • Chapter 4 Elasticity
    • 4.1 price elasticity of demand
    • 4.2 other factors
    • 4.3 income elasticity and cross elasticity-
    • 4.4 elasticity of supply
  • Chapter 5 Efficiency and Equity
    • 5.1 The alternative methods for allocating scarce resources
    • 5.2 Consumer Surplus and Producer Surplus
    • 5.3 Market Efficiency
    • 5.4 Market Fairness
  • Chapter 6 Government Actions in Markets and Global Markets in Action
    • 6.1 Housing market
    • 6.2 Labor market and Taxes
    • 6.3 Quotas and subsidies
    • 6.4 Global markets
    • 6.5 International Trade Restrictions
  • Chapter 7 Utility and Demand
    • 7.1 Consumption Choices
    • 7.2 Utility-Maximizing Choices
    • 7.3 Predictions of Marginal Utility Theory
  • Chapter 8 Possibilities, Preferences, and Choices
    • 8.1 Possibilities and the Budget Equation
    • 8.2 Preference and Indifference Curve
    • 8.3 Best Affordable Choice
    • 8.4 Substitution Effect and Income Effect
  • Chapter 9 Organizing Production and Output and Costs
    • 9.1 firm and its economic problem
    • 9.2 Firm’s Decisions
    • 9.3 Firm’s Output
    • 9.4 firm's cost I in the short run
    • 9.5 firm's cost II in the long run
  • Chapter 10 Perfect Competition
    • 10.1 What is Perfect Competition?
    • 10.2 The Firm’s Output Decision
    • 10.3 Output, Price, and Profit in the Short Run
    • 10.4 Output, Price, and Profit in the Long Run
    • 10.5 Changes in Demand and Supply as Technology Advances
    • 10.6 Competition and Efficiency
  • Chapter 11 Monopoly
    • 11.1 Monopoly and How It Arises
    • 11.2 A Single-Price Monopoly’s Output and Price Decision
    • 11.3 Compare the performance and efficiency of single-price monopoly and competition
    • 11.4 Price discrimination
    • 11.5 Monopoly Regulation
  • Chapter 12 Oligopoly and Monopolistic Competition
    • 12.1 What Is Oligopoly
    • 12.2 Oligopoly Games
    • 12.3 Public Policy toward Oligopolies
    • 12.4 What Is Monopolistic Competition?
    • 12.5 Other Elements of Monopolistic Competition
  • Chapter 13 Public Goods and Externality
    • 13.1 public choices
    • 13.2 public goods
    • 13.3 negative externality
    • 13.4 positive externality
    • 13.5 Case
  • Final exam

    Taught by

    Ding Liang

    Tags

    Reviews

    Start your review of Business Economics

    Never Stop Learning.

    Get personalized course recommendations, track subjects and courses with reminders, and more.

    Someone learning on their laptop while sitting on the floor.