Microeconomics: Price and Trade
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
- Explain the price system and define prices.,Discuss how markets link people and places.,Define speculation, futures, and predictions markets.,Define a price ceiling and a price floor.,Explain the unintended consequences of price ceilings.
| 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
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Alison is changing how the world learns and up-skills. They are committed to equality and access to
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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
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our money through advertising, merchandise, and the sale of Certificates and
Diplomas, should a graduate choose to buy one. |
This course will first introduce you to the price system. You will learn that a price is a signal that conveys information, and you will discover how markets are linked all over the world. The course will teach you that markets collapse huge amounts of relevant information into a single number called the market price. You will look into the prediction market and learn that prices in futures markets can provide signals for future events.
Next, you will look into price ceilings and price floors. You will learn that when the quantity of goods demanded exceeds the quantity supplied, a shortage will result. You will look into the three benefits of trade and study about tariff and international trade. You will also learn that imports are paid for with exports and that economic growth reduces child labor.
This course, Microeconomics: Price and Trade, is very helpful not just for business entrepreneurs who are in the trade industry, but also to individuals who are strongly inclined towards the economic activities facing the world today. This course is the second in a series of four courses on Microeconomics and if you have finished studying the course Microeconomics: Supply, Demand, and Equilibrium, now is a good time to take this course!
