Babson College is offering free online course on Economics: Consumer Demand. 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.
The overall objective of this course is to learn the fundamental economic principles of consumer demand and how the relationship between price, quantity and demand affect the market. The course will start on October 17, 2017.
Course At A Glance
Length: 4 weeks
Effort: 4-6 hours pw
Subject: Economics & Finance
Institution: Babson College and edx
Certificate Available: Yes, Add a Verified Certificate for $49
Session: Course Starts on October 17, 2017
Founded in 1919, Babson College is the top-ranked college for entrepreneurship education. We believe that entrepreneurship is the most positive force on the planet for generating sustainable economic and social value, and Babson is a dynamic living and learning laboratory where more than 3,000 students from over 70 countries work together with faculty and staff to address the problems of business and society.
About This Course
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.
Why Take This Course?
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.
- Why demand is a negative relationship between price and quantity
- How to identify market changes that will impact demand
- How to define the price elasticity of demand
- The relationship between price elasticity of demand and changing market conditions
John Korsak received his BA in Economics and Philosophy from Boston College, his MA and PhD in Economics from Clark University. Korsak has worked as a comptroller in political campaigns and as a product marketing manager for an internet software company.
How To Join This Course
- Go to the course website link
- Create an edX account to SignUp
- Choose “Register Now” to get started.
- EdX offers honor code certificates of achievement, verified certificates of achievement, and XSeries certificates of achievement. Currently, verified certificates are only available in some courses.
- Once applicant sign up for a course and activate their account, click on the Log In button on the edx.org homepage and type in their email address and edX password. This will take them to the dashboard, with access to each of their active courses. (Before a course begins, it will be listed on their dashboard but will not yet have a “view course” option.)