Economics:Consumer Demand
- Offered byedX
Economics:Consumer Demand at edX Overview
Economics:Consumer Demand
at edX
Duration | 4 weeks |
Total fee | Free |
Mode of learning | Online |
Difficulty level | Beginner |
Official Website | Explore Free Course  |
Credential | Certificate |
Economics:Consumer Demand at edX Highlights
Economics:Consumer Demand
at edX
- Offered By Babson College
- Requires effort of 4-6 hours per week
- Learn from eminent faculty of Babson College
Economics:Consumer Demand at edX Course details
Economics:Consumer Demand
at edX
Skills you will learn
What are the course deliverables?
- During your time in this course, you will discover how managers can better understand the impact of pricing changes on units sold, revenue and the relationship between products in order to inform strategic planning. You will learn how many programs and policies are designed to change how individuals and businesses interact in the market and you will gain the tools to identify them. Models of consumer choice and demand will guide you in thinking about how individual incentives change and what the likely impact will be of those changes.
- All people respond to changing market conditions, but the type and magnitude of those responses can be better understood through the economic model of consumer demand. You will learn how business strategy can benefit from a strong appreciation of elasticity, determinants of demand and how consumers make decisions.
More about this course
- Demand is a simple yet challenging concept that is essential to understanding how markets function. In this economics course, you will gain a solid understanding of demand, its underlying principles, major determinants and how they are beneficial for individuals, decision makers inside the firm, and policy makers.
Economics:Consumer Demand at edX Curriculum
Economics:Consumer Demand
at edX
Why demand is a negative relationship between price and quantity
How to identify market changes that will impact demand
How to define the price elasticity of demand
The relationship between price elasticity of demand and changing market conditions
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Economics:Consumer Demand
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