Microeconomics: Supply, Demand, and Equilibrium
Alison Review
Location
Online(Course Link)
Dates
On Demand
Course Categories
Politics and Economy
Certficate
Yes()
Language
English
Course Fees
FreeNo. of Attendant
Unlimited
Acquired Skills/Covered Subjects
- Define the terms demand curve and supply curve.,Identify the factors that may create a shift in supply or demand.,Define equilibrium quantity and equilibrium price.,Explain how surplus is created and calculate consumer surplus.,Define elasticity and list determinants of elasticity.
| Provider Name | Alison |
|---|---|
| Training Areas |
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| Website | https://alison.com/ |
| About The Provider |
Alison is one of the world’s largest free
learning platforms for education and skills training. It is a for-profit social
enterprise dedicated to making it possible for anyone, to study anything,
anywhere, at any time, for free online, at any subject level. Through our
mission we are a catalyst for positive social change, creating opportunity,
prosperity, and equality for everyone. Alison was founded in Galway, Ireland, in 2007
and has grown organically to become a major force in free online education and
skills training. Today, with more than 13 million learners in 195 countries,
Alison is changing how the world learns and up-skills. They are committed to equality and access to
education and skills training irrespective of gender, geography, economic
status or any other barriers that can so often stunt potential. So they offer a
range of free courses that meet the many diverse needs of our learners. The UN
declared in Article 26 of the 1946 Declaration of Human Rights that “Education
shall be free…”. This statement will always inspire us. Alison was founded by Alison CEO, Mike Feerick. Mike is a businessman, but one with a
difference. He believes in social impact, and that you can build a financially
successful business focused on meeting a huge global social need, making
education and skills training more accessible for everyone. He invites anyone
who believes that too, to support the Alison mission.
Alison is free of charge to you. But it’s still
a business – albeit a socially-focused one. We are a social enterprise making
our money through advertising, merchandise, and the sale of Certificates and
Diplomas, should a graduate choose to buy one. |
This online course will first introduce you to microeconomics where you will learn how individuals and businesses impact the economy. You will study the principles of microeconomics and important factors that shift the demand curve as well as the supply curve. You will study the relationship between price and quantity supplied and learn how prices reach equilibrium. The course will also present a case study that explores the equilibrium model.
You will then study the determinants of elasticity, the midpoint formula, and how to calculate the elasticity of supply. This will help you measure how much one variable responds to changes in another variable. The course also covers the history of the Sudan civil war and show how elasticity relates to slave redemption. Lastly, you will learn how elasticity relates to other scenarios, such as the gun buyback programs in the U.S.
This course is the first in a series of four courses on Microeconomics offered by Alison. It will help you learn about the building blocks of how the economy functions as well as understand the behavior of individuals and businesses which drives the economy. It will also teach you how decisions are made based on the allocation of limited resources. So, have a look at the course today and give your professional skills and knowledge base a solid boost in no time.
