Microeconomics: The Power of Markets
School: The University of Pennsylvania
Registration Link: REGISTER HERE
Start Date: May 1, 2017 (5 Weeks Long)
Workload: 4-7 Hours Per Week
Instructor: Rebecca Stein
Credentials: Stein is a senior lecturer at the University of Pennsylvania, where she teaches Introductory Microeconomics and Introductory Economics courses to nearly 1,000 students a year. A distinguished researcher, her recent work has been featured in the Journal of Economic Education, and the California Business Review. Stein is also a highly decorated teacher, winning the Irving B. Kravis Prize, Provost’s Award for Teaching Excellence, and the Dean’s Award for Distinguished Teaching during her tenure at the school.
Graded: Students must successfully complete all assignments and a final exam to pass the course.
Description: Microeconomics is woven into our everyday actions. Whenever you decide between sodas or movies, you are creating an action. Taken together, such choices produce trends that ripple back to influence other decisions for yourself…and others. For businesses, microeconomic behavior can dictate everything from consumer segmentation and branding to pricing and distribution. In this course, students will learn how various macroeconomic bedrocks, including scarcity, supply and demand, market elasticity, and the impact of government intervention. After five weeks, students will leave with an in-depth understanding of the relationships between various factors like pricing and inventory so they can better predict how manipulating variables can influence market behavior.