Microeconomics: An Introduction (Online) offered by Oxford University
- Public University
1 Campus- Estd. 1096
Microeconomics: An Introduction (Online) at Oxford University Overview
Duration | 10 weeks |
Total fee | ₹26,000 |
Mode of learning | Online |
Course Level | UG Certificate |
Microeconomics: An Introduction (Online) at Oxford University Highlights
- Earn a certificate of completion from Oxford university
Microeconomics: An Introduction (Online) at Oxford University Course details
- The theory of demand
- The meaning of markets
- The price elasticity of supply
- Discrete decision making
- Costs of production
- This course will develop their understanding of the technical aspects of Microeconomics such as opportunity cost, supply and demand, consumer and firm optimisation, market power and market failure
- Microeconomics: an introduction will equip students with the technical skills with which they will be able to understand how consumers and firms make everyday consumption and production decisions
- The course will ensure that students are able to relate fundamental microeconomic theory with daily economic activity
- The course will also allow students to develop critical thinking skills by considering the case of market failure which occurs in sharp contrast to traditional microeconomic theory
- Learn that despite the notion that supply and demand are determined by the market, there are cases of missing markets where government intervention is required to substitute for the price mechanism
- This course will give students a solid foundation which they can use to progress to higher level studies in Microeconomics as well as being able to apply knowledge gained on the course to other online courses such as Globalisation, the New Economic Powers and Introduction to Macroeconomics
Microeconomics: An Introduction (Online) at Oxford University Curriculum
Market Institutions
The meaning of markets
The development and expansion of markets
The institutional requirements of markets
Types of markets
Supply and demand
The theory of supply
The theory of demand
The theory of market adjustment
Topics in market analysis
Working with supply and demand
How much money will sales bring in?
The price elasticity of demand
The price elasticity of supply
Income, price and buyer behaviour
Production costs
The production process
Economic costs
The production function
Costs of production
Product decisions
The nature of capital stocks
Marginal thinking
Discrete decision making
Financial capital as an input to production
Competitive equilibrium
Perfect competition
Understanding market power and competition
Perfect competition
Efficiency and equity in the case of perfect competition
Deadweight loss
Markets and market power
The production process
Economic costs
The production function
Costs of production
Markets for labour
Thinking about markets for labour
Labour supply
Explaining variation in wages
Labour in the traditional neoclassical model
Market failure and government policy
Market failure
The economics of the environment
Regional and urban policy
Social policy
Monopoly and mergers policy, competition policy and regulation
Mergers and the public interest
The control of mergers and acquisitions
Privatisation
Regulation and deregulation
Microeconomics: An Introduction (Online) at Oxford University Faculty details
Microeconomics: An Introduction (Online) at Oxford University Entry Requirements
- Prerequisite: Familiar with using a computer for purposes such as sending email and searching the Internet
- Yes
- In countries where the normal examinations have been cancelled, university will expect the conditions of student's offer to be met by the alternative assessment put in place by qualifications' regulators.
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Microeconomics: An Introduction (Online) at Oxford University Contact Information
University Offices, Wellington Square, Oxford OX1 2JD, United Kingdom
Oxford ( Oxfordshire)