Economics: Consumer Demand

Online Course

edX
Economics: Consumer Demand

What is the course about?

Economics: Consumer Demand
The course Economics: Consumer Demand is an online class provided by Babson College through edX. The skill level of the course is Introductory. It may be possible to receive a verified certification or use the course to prepare for a degree.

Learn the fundamental economic principles of consumer demand and how the relationship between price, quantity and demand affect the market.

Course description

Demand is a simple yet challenging concept that is essential to understanding how markets function. In this economics course, you will gain a solid understanding of demand, its underlying principles, major determinants and how they are beneficial for individuals, decision makers inside the firm, and policy makers. During your time in this course, you will discover how managers can better understand the impact of pricing changes on units sold, revenue and the relationship between products in order to inform strategic planning. You will learn how many programs and policies are designed to change how individuals and businesses interact in the market and you will gain the tools to identify them. Models of consumer choice and demand will guide you in thinking about how individual incentives change and what the likely impact will be of those changes.All people respond to changing market conditions, but the type and magnitude of those responses can be better understood through the economic model of consumer demand.  You will learn how business strategy can benefit from a strong appreciation of elasticity, determinants of demand and how consumers make decisions.

Prerequisites & Facts

Economics: Consumer Demand

Course Topic

Business and Management, Economics and Finance

University, College, Institution

Babson College

Course Skill Level

Introductory

Course Language

English

Place of class

Online, self-paced (see curriculum for more information)

Degree

Certificate

Degree & Cost

Economics: Consumer Demand

To obtain a verified certificate from edX / Babson College you have to finish this course or the latest version of it, if there is a new edition. The class may be free of charge, but there could be some cost to receive a verified certificate (99.00 USD) or to access the learning materials. The specifics of the course may have been changed, please consult the provider to get the latest quotes and news.
Babson College
Economics: Consumer Demand
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School: Babson College
Topic: Business and Management, Economics and Finance