Learn how markets work, what they accomplish well and what their limitations are.

We make economics decisions every day: what to buy, whether to work or play, what to study. We respond to markets all the time: prices influence our decisions, markets signal where to put effort, they direct firms to produce certain goods over others. Economics is all around us.

This course is a rigorous introduction to the microeconomic theory of markets: why we have them, how they work, what they accomplish. We will explore what outcomes they generate when they work well and what happens when they do not. We will learn why governments are important and when regulation and intervention is necessary. Examples are taken from everyday life, from goods and services that we all purchase and use. We will apply the theory to current events and policy debates through weekly exercises. These will empower you to be an educated, critical thinker who can understand, analyze and evaluate market outcomes.

More info: https://www.coursera.org/course/steinmicro

Apr 8th 2013
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