Foundations of Microeconomics
This course was developed by Aarav Motivala.
COURSE DESCRIPTION
In this course, you will explore the foundational concepts of microeconomics and gain a deep understanding of how individuals and firms make decisions in a world of scarce resources. Through engaging explanations, real-world examples, and visual learning tools, you will learn to analyze markets, evaluate trade-offs, and interpret the behavior of consumers and producers.
In this course, you will:
- Learn core economic concepts such as scarcity, opportunity cost, and utility
- Understand how supply and demand interact to shape markets
- Explore production, cost, and revenue from a firm’s perspective
- Examine the role of government intervention through taxes, subsidies, and regulations
- Analyze different market structures including monopoly, oligopoly, and perfect competition
- Measure responsiveness using elasticity of demand and supply
- Investigate how international trade and protectionist policies affect domestic markets
- Answer practice questions to reinforce key ideas
- Apply economic reasoning to real-world scenarios and policy debates
Course Syllabus
Course Disclaimer
The information contained in this course and/or in any material produced by Edunomix Institute and/or its affiliates (including but not limited to Sahaj Bhandari, Aarav Motivala, Arav Wahi, and Theron Wang) is not intended as, and shall not be taken or understood as, financial advice. We are not accountants, financial advisors, or investment bankers, nor do we portray ourselves to be, and the information contained within our production materials (including but not limited to our slideshows, videos, interviews, podcasts, articles, research papers, and/or website) is not a substitute for financial advice from a professional who is aware of the circumstances of your individual situation.
While we attempt to ensure the information provided in our production materials is accurate, the information on our production materials may not necessarily be accurate. Regardless of anything to the contrary, nothing in our production materials should be understood as financial advice or financial recommendations. Nothing in our production materials should be understood as replacement for a financial professional who is aware of your individual circumstances; rather, for accurate financial advice, consult with a financial professional.
All information on our production materials is intended for purely educational purposes – nothing in our production materials should be understood as financial advice.