Economics Market Forces of demand supply and equilibrium
What you’ll learn
You will have a strong foundation on demand.
You will have a strong foundation on supply.
You will have a strong foundation on how equilibrium works in different situations.
You will be able to analyze any changes in any market forces in any specific market.
The desire and awareness to learn Economics
It is not required to have an Economics background.
In this digital age, things change overnight in the markets and it is far more important to be able to take fast and right action than ever before. If you’re wondering how an event or a policy would change the economy, you must first start analyzing how it will affect the behaviours of buyers and sellers and their interaction on the market. That’s why it is crucial to understand how market forces work.
This course is carefully designed and structured in the most simplest way to give you the understanding of how buyers and sellers behave by explaining markets, competition, demand, supply and market forces, the most important Economics concepts. It shows how prices are determined by buyers and sellers in a market economy and how prices change to adjust the allocation of scarce resources in the most efficient way.
In this course, real life case studies from different parts of the world are given. It shows step by step how to analyze changes in market forces through diagrams as well as tips to get you used to anlyze any change in any market.
Section 1: Introduction
Lecture 1 Welcome to the Market Forces Course
Lecture 2 Introduction – Markets & Competition
Section 2: Chapter 1: Demand
Lecture 3 Quantity Demanded & Law of Demand
Lecture 4 Demand Schedule and Demand Curve
Lecture 5 Individual Demand & Market Demand
Lecture 6 Movement along the curve
Lecture 7 Shift in a demand curve and Factors of a shift
Lecture 8 An article on banning junk food marketing in schools
Lecture 9 CASE STUDY : “How to reduce obesity in the society?”
Section 3: Chapter 2: Supply
Lecture 10 Quantity Supplied and Law of Supply
Lecture 11 Supply Schedule and Supply Curve
Lecture 12 Individual Supply and Market Supply
Lecture 13 Movement along the curve
Lecture 14 Shift in a Supply curve and factors of a shift
Lecture 15 An article on price gouging
Lecture 16 CASE STUDY: “Shopping malls in Shanghai”
Section 4: Chapter 3: Equilibrium
Lecture 17 Equilibrium Price and Equilibrium Quantity
Lecture 18 Surplus & Shortage
Lecture 19 CASE STUDY 1: ” Bike sharing in China”
Lecture 20 CASE STUDY 2: “Orange juice market in Turkey”
Lecture 21 CASE STUDY 3: “Gasoline market after Huricane Harvey”
Section 5: Practice Section
Lecture 22 Exercises
Lecture 23 Case Study Questions
IB students,A Level and AP students,You can be a student in high school or university, an entreprenur, a lawyer, a banker, an engineer or even an astranout.,This course is designed for people who are not coming from economics background, or just started studying Economics or taking this course as a refresher.
Udemy | English | 0h 59m | 363.25 MB
Created by: Evrim Kanbur