What experience level is required for UQx: Principles of Microeconomics: Competitive Markets?

This course is aimed at the Intermediate level. Having some basic understanding of the topic will help you get the most out of the curriculum.

How long does it take to complete UQx: Principles of Microeconomics: Competitive Markets?

The total duration of the course is approximately 6 weeks. Since it is generally self-paced, completion time depends entirely on your learning schedule and availability.

Is this course more theory-focused or project-focused?

This course provides a strong mix of conceptual theory and practical application to ensure a comprehensive understanding of the subject matter.

Do I get a certificate after completing UQx: Principles of Microeconomics: Competitive Markets?

Yes, a certificate of completion is included, which you can add to your professional profile or resume to showcase your newly acquired skills.

Economics & Finance

UQx: Principles of Microeconomics: Competitive Markets

Name: UQx: Principles of Microeconomics: Competitive Markets
Price: 20667 INR
Availability: InStock

Become immersed in economic concepts including elasticity of demand, market pricing, explicit and implicit costs and economic profit maximisation. Learn about monopolistic markets and market structure impacts on production and profit.

₹20667

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Course Insight

Suitable for intermediate learners. Works well as a continuation after mastering Economics & Finance fundamentals. It bridges the gap toward advanced, production-level engineering.

Intermediate FriendlyCertification IncludedSelf-Paced LearningHands-On Learning

SKILLS TO
MASTER

Economics & Finance Basics

Fundamental principles and concepts

Practical Application

Real-world project implementation

Best Practices

Industry standard workflows and guidelines

Problem Solving

Core Concepts

Implementation

Workflow Integration

Optimization

Careers:Relevant for professionals pursuing roles within Economics & Finance.

Quick Facts

6 weeks

Intermediate

Online Course

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What You’ll Learn

By undertaking this course, you will be immersed in economic concepts including elasticity calculation, elasticity of demand, market pricing, explicit and implicit costs, economic profit and mapping supply. You will explore the two distinct functions of market pricing and the concept of marginal cost, which is central to identifying the optimum production levels.

Firms operating as a monopoly and others which operate in a monopolistic market are very different and you will learn what makes them different, the different market structures, and the production quantity for profit maximisation. With great practical examples, this course will ensure you understand the importance of different market structures, the impacts this will have on product pricing and the impact on a firm’s profitability.

This MOOC is part of the Professional Certificate in Microeconomics. We recommend that you explore the other two courses of the program, Principles of Microeconomics and Social Microeconomics. The program is based on a core microeconomics course taught on campus at The University of Queensland. Don't wait to enroll and begin learning from industry experts now!

If you are interested in pursuing economics further, UQx provides an accompanying Professional Certificate in Macroeconomics program running in parallel to this course. Building on your knowledge of microeconomics with this additional program will provide you with a strong foundation of economics.

Overall, this course is for everyone, whether you are studying at university, a career professional interested in expanding your economic knowledge, or simply curious about global economic behaviour and what influences it.

See how this course curriculum compares with alternatives

Outcomes

the concept of elasticity and elasticity of demand.
cost calculation, profit maximisation and supply curves.
examples of monopolistic competition and monopoly firms.
government intervention aimed at overcoming the economic inefficiencies to enhance economic surplus.
profit maximising output for a monopoly.

See side-by-side differences in learning outcomes