In this course, you will learn all of the major principles of microeconomics
normally taught in a quarter or semester course to college undergraduates or MBA students.
Perhaps more importantly,
you will also learn how to apply these principles to a wide variety of real world situations in both your personal and professional lives. In this way,
the Power of Microeconomics will help you prosper in an increasingly competitive environment.
Note that this course is a companion to the Power of Macroeconomics.
If you take both courses, you will learn all of the major principles normally taught in a year-long introductory economics college course.
1. An Introduction to Microeconomics
2. Supply, Demand and Equilibrium
3. Demand and Consumer Behavior
4. Supply and Production Theory
5. Perfect Competition
6. Monopoly and Monopolistic Competition
7. Oligopoly and Strategic Behavior
8. Land and Rent
9. The Labor Market and Wage Determination
10. The Capital Market, Interest, and Profits
11. Public Goods and Externalities