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Back to Microeconomics: The Power of Markets

Learner Reviews & Feedback for Microeconomics: The Power of Markets by University of Pennsylvania

4.7
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1,555 ratings

About the Course

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 an introduction to the microeconomic theory of markets: why we have them, how they work, what they accomplish. We will start with the concept of scarcity and how specialization according to comparative advantage helps us achieve more than we could alone. Next we model a marked using the tools of Supply and Demand and learn what well working markets accomplish and what their limit are. We end by exploring the impact of government intervention on perfect markets. 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....

Top reviews

D

May 24, 2021

A very good introduction to microeconomics course, the professor was great. She explained all the concepts with ease. I would urge everyone who wants to get started with economics to try this course.

AN

Jan 21, 2021

It’s been my 4th and favorite course on coursera one so far! Very short interesting videos with great explanation and great visual demonstration by having a transperent board in front of the teacher!

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251 - 275 of 310 Reviews for Microeconomics: The Power of Markets

By Georgina S

Jan 14, 2018

Thank You, I have found your videos well informative and to the point. I came across this resource as a revision tool to help with one of my business modules.

It can be further improved if for some of the quizzes has drawn graphs you can select as sometimes the descriptions were a little confusing.

Overall the best package I've found, love it

By Felisa W

Dec 20, 2017

This course teaches you the basics on how to understand supply and demand curves, consumer surplus, producer surplus, how to calculate subsidies, taxes, and total surplus, etc. While I did have to reach out to external resources to help me understand the math behind some of the calculations, rewatching the videos a few times helped.

By Katelyn R

Mar 9, 2020

Very well taught with enjoyable examples. Instructor's pacing and and presentations make each discreet step/lesson easy to master as part of the overall chain. The only thing I would add would be more numerical examples to work through to increase repetitions to cement learning.

By Blake S

Sep 10, 2023

I found this course very helpful. The instructor had a great way of explaining things and the pace and amount of time of the videos was appropriate. One criticism, I found that the quiz questions did not always seem to follow the information that was just presented.

By Claudia D

Jun 17, 2021

More detailed explanation of quiz answers, perhaps given after the 3 attempts have been used or after the deadline has passed, would be extremely helpful in allowing students to fully understand their mistakes and improve learning.

By Hannah P

Sep 24, 2023

The overall content of this course is good and seems to be solid, however, there are some caviler attitudes expressed towards poverty and taxes, specifically the assertion that taxes are theft and the government "steals" taxes.

By 李依桐

Jan 24, 2022

Courses are organized very well, and Profs are great. But some figures and graphs were not able to be shown, I believe there were some bugs, so hopefully you will check and fix it. Thanks for your lecture anyway.

By Danyi W

Feb 13, 2023

The course material is easy to understand, and the professor has illustrated each concepts clearly. I was expecting more complex theory and concepts, since stuff taught in this class is really elementary.

By Diego P O

Aug 12, 2022

Es un muy buen curso. Cubre la mayoría de conceptos básicos de la microeconomía y se los entiendo banstante bien. Sin embargo, podría ser un poco más dinámico. Lo disfruté y lo recomiendo.

By Sahil S

Jun 24, 2022

The content was comprehensive and I suggest it as a good introductory stamdpoint to the microeconomic situation. Perhaps it could've been more engaging by referencing real-world incidents.

By Karl M

Jan 31, 2017

Really good, clear content, no surprises in the exam questions - but no free lunch either. A good balance that makes learning relatively easy but critical thinking necessary.

By Rahul L

Feb 9, 2018

Nice introductory course for microeconomics. Course provides simple and easy explanations for demand and supply, elasticity, effects of tax and subsidies on market.

By Prema A K

Jul 14, 2023

Inspired and feel delighted by Ms Rebecca's explanation on microeconomics jargons in the best possible way to be understood for everyday non-economist to digest.

By sjh411@gmail.com

Jul 2, 2017

This is great course for newbies to microeconomics. If you want to excel at this course, you should buy or rent the suggested book to fully grasp the concepts.

By Yingyi Z

Dec 21, 2016

Great course for beginners in economics, though I think it'd be more helpful to explain concepts and their implications in more depth and detail.

By Yasir A

Mar 9, 2016

very usfule course. It might need some explinations for how to do the math for each subject. I recommande it for begginars.

By Ben B

Aug 17, 2022

A good introduction, would be helpful if all of the answers on the tests and quizzes explained the working out.

By Mark A B

Aug 5, 2018

Some really useful content covered in this course, which gets you thinking about supply and demand in a market.

By Geo P

Feb 12, 2018

Me gusto los vídeos cortos y los ejemplos, adicionalmente la literatura adicional es muy buena y amena.

By Shyam S

Aug 14, 2020

The tutor amazingly taught the course and it was easy for me to understand the nuances of the syllabus

By James H

Oct 21, 2024

Taught well and interesting enough but very little feedback on quiz answers when missing the question

By Vasileios K

Jul 12, 2022

Excellent course. Very helpful for the understanding of basic microeconomic concepts.

By Rina C

Jun 22, 2017

I have never taken an Economics course before and this was a good Introduction to me

By Dazhi W

Sep 16, 2017

Great course. The concept of oppotunity cost is useful even outside the classroom.

By Xiaowei Y

Nov 17, 2016

Very interesting and useful! But it does not cover all issues of microeconomics.