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University of California, Berkeley via edX

Advanced Concepts in Economics

4.65 ratings at edX

Overview

Learn the basic concepts of economics through Data Science applications and Python programming. This course covers applications in production theory, utility maximization, randomized controlled trials, and income inequality. Second course of a three course series.

What you'll learn

  • Applied programming approaches
  • Cobb-Douglas production and consumption
  • Constrained optimization
  • Recovering a demand curve from a utility function
  • National production accounts
  • Randomized Controlled Trials
  • Lorenz Curve and Gini Coefficient
  • Income and Wealth Inequality
  • Inequality trends across time and across countries

Syllabus 4

  1. Part 1 - Production and Cobb -Douglas
  2. Part 2 - Utility Maximization
  3. Part 3 - Inequality
  4. Part 4 - International Development

Skills you'll practise

MarketingEconomicsData ScienceLearning PlatformsMathematicsProgram ManagementBasic MathPython (Programming Language)

Advantages and disadvantages

Advantages

  • University courses you can audit for free, with lectures, readings and practice quizzes.
  • A verified certificate from the university if you pay for it.
  • Taught by University of California, Berkeley, one of the strongest names in its field.
  • Self-paced: start any time.
  • A clear syllabus (4 parts) you can see before you start.

Disadvantages

  • Graded assignments and the certificate need the paid track.
  • Audit access can expire a few weeks after the course ends.
  • Learning is free, but the certificate costs money.
  • Some parts (graded work, certificate) are paid.

Some points apply to every course of this kind; see how we rank.

Free to audit

  • Free: Choose "Audit this course" when you enrol: lectures, readings and practice are free.
  • Paid: Graded assignments and the verified certificate (Certificate $150). Audit access may end after the course closes.

Before you start

Data 88.1EX: Fundamentals of Economics

Taught by

  • Eric Van DusenLecturer: Data Science, Economics | Tech and Outreach Lead: Data Science Undergraduate Studies, College of Computing, D…

University of California, Berkeley is in Tier 1: world-leading universities and India's top institutes of our institution ranking (96/100).

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