Firm Level Economics: Consumer and Producer Behavior
https://www.coursera.org/learn/firm-level-economics?specialization=managerial-economics-business-analysis
All goods and services are subject to scarcity at some level, which requires that society develop some allocation mechanism to determine who gets what. Over recorded history, these allocation rules were usually command based, meaning that the king or the emperor would decide. In contemporary times, most countries have turned to market-based allocation systems. In markets, prices act as rationing devices, encouraging or discouraging production and encouraging or discouraging consumption to find an equilibrium allocation of resources. To understand this process, businesses construct demand curves to capture consumer behavior and consider supply curves to capture producer behavior. The resulting equilibrium price “rations” the scarce commodity.
Categoria: Business
Subcategoria: Finance
Tipo de Curso: Course
Habilidades: Economics,Consumer Behaviour,Supply And Demand,Cost,
Idioma: English
Subtitulos: Arabic, French, Portuguese (European), Italian, Vietnamese, German, Russian, English, Spanish
Rating: 4.8stars
Vistas: 2.342
Sitio Web: Coursera
Duracion: Approx. 17 hours to complete
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