Share with a friend: In this digital age, things change overnight in the markets and it is far more important to be able to take fast and right action than ever before. If you're wondering how an event or a policy would change the economy, you must first start analyzing how it will affect the behaviours of buyers and
sellers and their interaction on the market. That's why it is crucial to understand how market forces work. This course is carefully designed and structured in the most simplest way to give you the understanding of how buyers and sellers behave by explaining markets, competition, demand, supply and market forces, the most important Economics concepts. It shows how prices are determined by buyers and sellers in a market economy and how prices change to adjust the allocation of scarce
resources in the most efficient way. In this course, real life case studies from different parts of the world are given. It shows step by step how to analyze changes in market forces through diagrams as well as tips to get you used to anlyze any change in any market.Course Description
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- Economics Market Forces of demand, supply and equilibrium
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Quick facts
Medium of instructions English | Mode of learning Self study | Mode of Delivery Video and Text Based |
Course and certificate fees
Fees information
certificate availability
Yes
certificate providing authority
Udemy
The syllabus
Introduction
- Welcome to the market Forces Course
- Introduction - Markets & Competition
Chapter 1: Demand
- Quantity Demanded and Law of Demand
- Demand Schedule and Demand
- Individual Demand & Market Demand
- Movement along the curve
- Shift in a Demand Curve and Factors of a Shift
- An article on banning junk food marketing in schools
- CASE STUDY : "How to reduce obesity in the society?"
Chapter 2: Supply
- Quantity Supplied and Law of Supply
- Supply Schedule and Supply Curve
- Individual Supply and Market Supply
- Movement along the curve
- Shift in a Supply curve and factors of a shift
- An article on price gouging
- CASE STUDY: "Shopping malls in Shanghai"
Chapter 3: Equilibrium
- Equilibrium Price and Equilibrium Quantity
- Surplus & Shortage
- CASE STUDY 1: " Bike sharing in China"
- CASE STUDY 2: "Orange juice market in Turkey"
- CASE STUDY 3: "Gasoline market after Huricane Harvey"
Practice Section
- Quiz
- Exercises
- Case Study Questions
Instructors
Ms Evrim Kanbur
Instructor
Udemy
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