Microeconomics: The Consumer

Name: Microeconomics: The Consumer
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Study the crucial role consumers play in the structure of the economy with the help of this free microeconomics course.

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Learning Outcomes

In this free course, you will learn how to:

Explain price discrimination and discuss how it can help or hurt social welfare
Define and discuss 'tying' and 'bundling'
Discuss the marginal product of labour
Discuss how unions can either lower or raise wages
Distinguish between non-rival, non-excludable, rival, and excludable goods and resources
Define public, club and common goods
Discuss free and forced riders
Define adverse selection and asymmetrical information
Define 'moral hazard' and discuss ways that it can be avoided
Define 'consumption', 'utility' and 'substitution'
Explain the marginal rate of substitution and describe the indifference curve

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