Economics: Market Forces of demand, supply and equilibrium

Economics: Market Forces of demand, supply and equilibrium

In this digital age, things change overnight in the markets and it is far more important to be able to take fast and right action than ever before. If you're wondering how an event or a policy would change the economy, you must first start analyzing how it will affect the behaviours of buyers and sellers and their interaction on the market. That's why it is crucial to understand how market forces work.

This course is carefully designed and structured in the most simplest way to give you the understanding of how buyers and sellers behave by explaining markets, competition, demand, supply and market forces, the most important Economics concepts. It shows how prices are determined by buyers and sellers in a market economy and how prices change to adjust the allocation of scarce resources in the most efficient way.

In this course, real life case studies from different parts of the world are given. It shows step by step how to analyze changes in market forces through diagrams as well as tips to get you used to anlyze any change in any market.

Economics: Analyzing Demand, Supply, and Market Equilibrium with real life case studies.

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What you will learn

• You will have a strong foundation on demand.
• You will have a strong foundation on supply.
• You will have a strong foundation on how equilibrium works in different situations.

Rating: 4.48508

Level: Beginner Level

Duration: 1 hour

Instructor: Evrim Kanbur