| Published | 2021-09-18 |
| Platform | Udemy |
| Price | $19.99 |
| Instructors |
Charles Hoskinson
|
| Subjects |
Test your knowledge of Microeconomics with this practice test before taking a Certification exam | Must do Practice Exam
Learning Microeconomics and planning to give a certification exam?
Then this course is perfect for you!
Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms.
Common topics are supply and demand, elasticity, opportunity cost, market equilibrium, forms of competition, and profit maximization. Microeconomics should not be confused with macroeconomics, which is the study of economy-wide things such as growth, inflation, and unemployment.
Microeconomics studies individuals and business decisions, while macroeconomics analyzes the decisions made by countries and governments.
Microeconomics focuses on supply and demand, and other forces that determine price levels, making it a bottom-up approach.
Macroeconomics takes a top-down approach and looks at the economy as a whole, trying to determine its course and nature.
Investors can use microeconomics in their investment decisions, while macroeconomics is an analytical tool mainly used to craft economic and fiscal policy.
Microeconomics is an essential skill to have these days.
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