Udemy – Economics 1A – Basics of Microeconomics & Market Choices

What you'll learn
Understand the Basic Economic Problem – Identify how scarcity leads to choice and opportunity cost in different economic systems.
Analyze Consumer and Firm Behavior – Explain how households and firms make decisions based on costs, benefits, and available resources.
Interpret Market Structures – Compare how prices and output are determined under perfect and imperfect competition.
Apply Microeconomic Principles – Use basic microeconomic tools to evaluate real-world economic scenarios and decision-making.
Requirements
Basic Literacy and Numeracy Skills – Ability to read, write, and perform simple mathematical operations (e.g., percentages, graphs).
No Prior Economics Knowledge Needed – This is an entry-level course designed for beginners.
Access to a Device with Internet – To watch video lectures, download materials, and complete quizzes or assignments.
Curiosity About Economic Decision-Making – An interest in understanding how individuals, firms, and markets function is helpful.
Description
Welcome to Economics 1A: Basics of Microeconomics & Market Choices – your comprehensive introduction to the core principles of microeconomics. This course is designed for beginners and will give you a strong foundation in understanding how individuals, households, and firms make decisions, and how these decisions influence the economy.You'll begin by exploring the basic economic problem of scarcity and how societies respond through various economic systems. From there, you'll learn how supply and demand interact to determine prices and how resources are allocated efficiently—or inefficiently—under different market conditions.Key topics include:Opportunity cost and trade-offsConsumer and producer decision-makingMarket equilibrium and price mechanismsPerfect and imperfect competitionGovernment intervention and market outcomesThroughout the course, you'll be introduced to real-world applications and simplified models to help you apply, analyze, and interpret microeconomic concepts. You'll also develop critical thinking skills that are useful in academic, business, and everyday decision-making.This course is ideal for first-year university students, non-economics majors, and anyone curious about how the economy functions at the micro level. No prior knowledge of economics is needed—just a willingness to learn and explore new ideas.Join us now and gain valuable insights into how markets work and how economic decisions are made!
Who this course is for
First-Year University Students – Especially those enrolled in an introductory economics module or related degree programs.
High School Graduates – Preparing for college-level economics or looking to gain a head start in understanding economic principles.
Non-Economics Majors – Students in business, law, political science, or other fields who need a solid foundation in microeconomic theory.
Lifelong Learners & Curious Minds – Anyone interested in how individuals and firms make decisions, how markets function, and how different economic systems solve basic problems. No prior economics background is needed—just a willingness to learn and explore how the economy works from the ground up.
Homepage

https://www.udemy.com/course/economics-1a-basics-of-microeconomics-market-choices/