Demand and Supply

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Course Goals:

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Become familiar with the supply and demand curves, their meaning and characteristics.
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Understand the different situations that cause a shift in the supply and demand curves.
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Explain the definition of the market equilibrium price.
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Become familiar with the three types of powerful groups: Monopoly, Duopoly and Cartel.
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Explain the meaning of different relationships between products like “Complementary products” and “Substitute products”.
Course average duration :
6 Hours
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Overview
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Through this course, you will come to understand the meaning of supply and demand in the market and their reflections through the different types of demand and supply curves. You will become familiar with the three types of powerful groups in the market: Monopoly, Duopoly and Cartel. This course provides you with the tools needed to understand and explain the definition of the market equilibrium price and the government’s influence on the market price; learn the meaning of granting subsidies to producers and understand the concept of supply and demand in the rest of the world. This introductory course about supply and demand is presented in a simple and easy to use format, using illustrations, animations and examples suitable for those with little to no prior knowledge or experience with the subject matter.

 

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