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Economics : How consumer makes buying decision

Learners: 2,117

Instructor: Pranav Oza

Duration:

This course, taught by Pranav Oza, a 19-year veteran of economics teaching, will help you understand the theory of how consumers make buying decisions. You will learn about the two approaches to study Consumers Equilibrium - Utility approach and Indifference curve approach, and how income affects buying decisions. Concepts such as Rational Consumer, Total Utility, Marginal Utility, Law of Diminishing Marginal Utility, Budget Set, Budget Line, Indifference Map and Indifference Curve will be discussed. This course is perfect for economics students looking to gain better clarity of concepts, or anyone with a desire to learn economics. With a 100% money back guarantee, there's no risk in giving it a try! ▼▲

Course Feature Course Overview Course Provider Discussion and Reviews

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Course Feature

Cost:

Free

Provider:

Udemy

Certificate:

No Information

Language:

English

Start Date:

2019-05-24

Course Overview

❗The content presented here is sourced directly from Udemy platform. For comprehensive course details, including enrollment information, simply click on the 'Go to class' link on our website.

Updated in [August 31st, 2023]

Skills and Knowledge:
By taking this course, you will acquire the following skills and knowledge:
1. An understanding of the basics of microeconomics and the theory of consumer behavior.
2. Knowledge of the two approaches to study consumer equilibrium - utility approach and indifference curve approach.
3. An understanding of the concepts of rational consumer, total utility, marginal utility, law of diminishing marginal utility, budget set, budget line, indifference map, and indifference curve.
4. An understanding of how income affects consumer decisions.
5. An understanding of how a consumer reaches equilibrium.
6. The ability to apply the concepts of microeconomics to real-world scenarios.

Professional Growth:
This course will help professionals gain a better understanding of the fundamentals of microeconomics and how consumer behavior affects the economy. It will also help professionals gain a better understanding of the concepts of rational consumer, total utility, marginal utility, budget set, budget line, indifference map, and indifference curve. This course will help professionals gain a better understanding of how consumer decisions are affected by income and how to reach equilibrium. This course will also help professionals gain a better understanding of the differences between microeconomics and macroeconomics. By taking this course, professionals will be able to make more informed decisions when it comes to their own economic decisions.

Further Education:
This course titled "Economics: How consumer makes buying decision" seems suitable for preparing for further education. It covers the basics of microeconomics and the theory of consumer behavior, which are fundamental concepts in economics. The course also discusses different approaches to studying consumer equilibrium and explores the impact of income on consumer decisions. Additionally, it introduces various concepts such as rational consumer, total utility, marginal utility, and more. Whether you are an economics student or someone with a desire to learn economics, this course can provide you with a solid foundation and clarity of concepts.