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Microeconomics: Price and Trade
This free online microeconomics course will teach you about price and trade. You will learn about the price system, which helps to co-ordinate global economic activity and acts as a signal for shortages and surpluses, helping firms and consumers respond to changing market conditions. You will also study how trade increases competition, lowers world prices and breaks down domestic monopolies.
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Microeconomics: Price and Trade
This free course covers how price and trade influence the markets and tariffs and the link between imports and exports.
This free online microeconomics course will teach you about price and trade. You will learn about the price system, which helps to co-ordinate global economic activity and acts as a signal for shortages and surpluses, helping firms and consumers respond to changing market conditions. You will also study how trade increases competition, lowers world prices and breaks down domestic monopolies.
9 Lessons
Module 1: The Price System
In this module, learn about the price system and how people with dispersed knowledge and information help to coordinate global economic activity. Then, learn how markets link the world and how we should approach limited resources. Next, learn about how prices provide information and incentives and signals. Lastly, learn about speculation and futures and the effect they have on prices.
1.Learning Outcomes
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2.I, Rose
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3.A Price is a Signal Wrapped up in an Incentive
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4.Markets Link the World
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5.The Great Economic Problem
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6.Information and Incentives
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7.Speculation
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8.Prediction Markets
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9.Lesson Summary
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12 Lessons
Module 2: Price Ceilings and Price Floors
8 Lessons
Module 3: Trade
1 Lessons
Course assessment
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