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(Oxford) Diploma: Microeconomics and Business (ACCREDITED) (Udemy.com)

Micro economics and Business

Created by: Chris Sivewright

Last updated August 2026

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What you will learn

  • Microeconomics - key concepts
  • Microeconomics applied through Case Studies
  • Key Business concepts
  • Apply ceteris paribus

How it compares

Against the other 503 rated Udemy courses in Teaching & Academics on CourseDuck:

  • Rating4.2 out of 5higher than 7% of them
  • Reviews375#282 of 504 by number of reviews
  • Length20.2 hourslonger than 92% of them
  • Last updatedAugust 2026more recently than 93% of them

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Course Description

What are you most looking for in a course about Business and (Micro) Economics?


1. Economics ! (Of course!)

2. Especially microeconomics ! (Obviously...)

3. Regularly updated lectures on Business and Microeconomics

4. Many examples of Microeconomics etc.

5. Active participation in Q/A discussing topics in the course

6. Case Studies

7. High level of Instructor involvement (preferably from an Instructor who has taught Microeconomics and Business at different levels, in real life and for many years!)

8. Regular Educational Announcements

9. Variety in lectures

10. Application of Microeconomics principles

11. Suggestions/links to further reading/watching

12. On completion of the course, free access to any one other course (not necessarily in Microeconomics either!)


This course in Microeconomics and Business has all of the above.


Update:


  1. Trade balance (goods vs services)

  2. Current account vs bilateral deficit narratives

  3. Gains from trade and interdependence

  4. Tariffs: incidence, pass-through, deadweight loss

  5. Retaliation and trade war dynamics

  6. Elasticity of demand/supply; substitution effects

  7. Trade diversion and third-country substitution

  8. Exchange rates and competitiveness

  9. Inflation transmission from trade policy

  10. Policy uncertainty and investment effects

  11. Climate externalities and market failure

  12. Physical climate risk vs transition risk

  13. Climate risk pricing and risk premia

  14. Cost of capital and sovereign borrowing spreads

  15. Insurance market withdrawal / uninsurability

  16. Risk pooling limits and correlated shocks

  17. Regulation/standards as risk reduction

  18. Adaptation investment and resilience finance

  19. Energy market design (energy-only vs capacity)

  20. Reliability as a system constraint

  21. Capacity adequacy and reserve margins

  22. Dispatchable generation and flexibility

  23. Grid transmission/distribution bottlenecks

  24. Storage economics and demand response

  25. Peak demand, load growth, load duration curves

  26. Option value of reliability resources

  27. AI/data-centre electricity demand as a driver

  28. General-purpose technologies (GPTs) and diffusion

  29. Complementary investments (skills, data, processes)

  30. Adoption S-curves and productivity lags

  31. Measurement/realization of productivity gains

  32. Capital deepening vs TFP growth

  33. Automation vs augmentation (substitutes vs complements)

  34. Skill-biased technological change

  35. Job polarization and entry-level displacement

  36. Bargaining power (labour vs capital)

  37. Labour share vs capital share of income

  38. Competition policy and rent concentration

  39. “Jobless growth”

  40. Social legitimacy (“social permission”) of technology

  41. Welfare states, safety nets, and adjustment costs

  42. Education and reskilling policy

  43. Economic statecraft and coercive diplomacy

  44. Credible threats, deterrence, commitment problems

  45. Signalling, reputation, and strategic interaction

  46. Sanctions/retaliation risk and market reactions

  47. Structured finance and contract design

  48. Sukuk structures and asset-backing

  49. Risk allocation and cash-flow waterfalls

  50. Information asymmetry, certification, and standards

  51. Liquidity, investor base diversification

  52. Agglomeration economies and clusters

  53. FDI attraction and place-based industrial policy

  54. Spillovers (knowledge, suppliers, networks)

  55. Human capital pipelines and skill ecosystems

  56. Infrastructure as a complement to investment

  57. Institutions and political legitimacy

  58. Collective action and protest dynamics

  59. State capacity and enforcement costs

  60. Credibility of reform and path dependence

  61. Political economy of ideology vs material incentives


Now including a brand new collection of Case Studies that examine the economic policies of President Trump following his election on November 6th 2024. These look in particular at:

  • Tariffs

  • China’s growth

  • World Economy

  • Tax cuts

  • Exporters

  • Impact on seniors

  • Exchange rate


    BEFORE YOU ENROL:

1. Watch the Preview video on Microeconomics

2. Watch the sample lectures on Business and Microeconomics

3. Thoroughly read this course description

4. Be fully aware that participation is encouraged - that means there are Microeconomics manuals (several) numerous discussions (Q/A sections) and regular Education Announcements

5. To achieve the Oxford Diploma (Microeconomics and Business) requires quite a lot of work. To acquire the Completion Certificate you can just watch. You can choose to do either, neither or both. Questions are responded to quickly.

6. Remember too that this course includes an OPTIONAL course in Business Economics English.


MOTIVATION

I make courses on Udemy primarily because I enjoy the process of causing learning. Many of my courses are to improve lives. One of the Economics courses is to raise money for charity. (100% of revenue goes to the charity) Fundamentally this course is about helping you.

About the course

This is a course covering the key areas in micro economics at a beginners/intermediate level. It is the principles of economics that are emphasised, repeated and supported with notes. Very clearly explained and reinforced with notes and revision lectures. This course is IDEAL for the beginner who wants to advance quickly.

Topics covered:

  • Market failure

  • Taxation

  • Subsidies

  • Demand

  • Supply

  • Price elasticity of demand

  • Price elasticity of supply

  • Elasticity and how to interpret it

  • Elasticity - calculations

  • Elasticity - shape of curves

  • Elasticity - tax/subsidy incidence

  • Ceteris paribus

  • Consumer surplus

  • Producer surplus

  • Microeconomics of football

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Instructor Details

Chris Sivewright

About Me

Hi, I’m Chris Sivewright!  With over 40 years of teaching experience, I’m passionate about helping students achieve their goals, whether it’s mastering Economics, Business, or exploring creative subjects like Psychology or Literature. My background is incredibly diverse—I’ve been a teacher, examiner, business leader, writer, actor, and volunteer.

Education

I’ve studied at some of the most prestigious institutions:

University of Oxford – Philosophy and Economics

Oxford Brookes University – Teacher training

University of Glamorgan – Business and Economics

Qualifications

Professional qualifications at Masters level

Degree in Business and Economics

Examiner for four major exam boards (O and A Level)

Holder of three teaching diplomas and CELTA certification

Qualified fitness trainer

Key Roles in Education

I’ve had the privilege of holding leadership positions in various institutions:

Principal – Oxford School of Learning

Director of Studies – St. Joseph’s Hall, Oxford

Head of Economics – Cherwell Tutors

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Reviews

4.2

375 ratings on Udemy

Select a bar to show only those reviews.Select the bar again to show every rating.

By Sélim MIRA on 6/21/2025

I hate to devalue someone else's work but this course must be the worst I've taken on udemy, out of about 50 or so courses. Funnily enough, there's a video about "making the most of your time" which is exactly the opposite of what you'll do with this course. A few specific points that make this course so bad : - Most of the videos don't even address the topic of microeconomics but are random pieces of advice repeated over and over - Most of the videos are filmed with a smartphone while wandering over in the countryside, which is both cheap and not helpful in getting points across - The lecture isn't structured at all, it is more of a patchwork of videos with very little coherency. Chapters and invidiual videos don't even have a proper name to learn in a structured manner. - So many PDFs and external ressources. If someone is to use udemy, it's to take advantage of it's learning format. If I wanted to learn through a book, I would buy a book. - So much content is just displaying definitions on the screen and reading them. If I wanted someone to read a book, I would buy an audio book. - So many resources that don't belong to the author, it's borderline plagiarism - The sections providing actual learning value about economics are scarce and there's still too much screen time with just text on it - The brand / name Oxford usage is borderline misleading. Cherry on top, on the course 214 the tutor goes as far as to be happy to be an annoyance during a "timed quiz test". I wouldn't recommand anyone use this course although everyone's learning style is different but when I purchase a course on udemy i'm expecting - A clear and well organized content - Decent quality audio and video - A comprehensive approach of the topic - To save time This is definitely not the case with this course.

By Anand Nair on 8/20/2024

Very interesting method of learning. Although I had to discontinue last year after completing few sessions. The current format with references to more ongoing scenarios and global events have been useful.

By Isabel R on 8/9/2021

This is definetly one of the most in-depth courses around here for people interested in micro-economics, specialy begginers. The main reason being because it isn't an crash class on the subject, just trying to offer some dictionary definitions on the topics, but an honest walkthrough for newbies other main points pros: +Great priority of topics and decent presentation, which is in line with most college lvls courses -> (while it doesn't go as far as showing, said, Slutsky's equation, it does give you proper tools to understand microeconomics and uses repetition to solidify knowledge) +Classes are being updated and contextualized according to current global issues, with treding topics such as Brexit, COVID-19 etc and others whose fad never went -and probably won't go- away, such as gender gap, global warming etc +Workbooks that incentivizes you to research and expand your knowledge +If you have time and diligence, you can chase the Oxford Diploma +Great price given the material is vast and perennial neutral: If you're interested, the professor ministering it also offer courses for people looking for solace in activities such as art therapy and grief counseling; and -unlike some other sellers on the plataform- doesn't embarass you into buying: it's just there con: -Far from being Coursera, with classes limited by students, scheduled avaliations, private answers etc Udemy isn't the best plataform to verify if a student is truly learning...or to organize yourself. Perhaps that's why they made a not so discrete 'upgrade' by creating Udemy Business. While that's not specific to this course, I see both Mr. Bankes having to emphasize to students that they need to answer questions in the proper session, not ~flood~ the Q/A with definitions that aren't exaclty necessary etc and students having a hard time finding a topic that they should expand -instead of creating a new one-; because the Q/A ins't standardized (ex.: a student refers to a workbook in the 302th lesson as "Session 20 - Brexit Workbook", other as "link 4 - 302", another as "S20 - 302" and many don't know how to use the "current class" feature. While that's an issue with people not knowing how to use Udemy properly, I see it's frustrating for both sides and would like to suggest for Mr. Bankes to offer this course in a plataform that better embraces it's proposition

By Anonymized User on 12/8/2020

In the following, I would like to take the opportunity to compose a short and fair rating on this course Microeconomics offered through the Oxford School of Learning in the UK. I have come across the course for more than one year and I can confirm to really enjoy as the lecturer is always very well prepared when it comes to updated topics and issues within the global economy, but also the British one. The structure of the course is well thought. The student is introduced some examples on how to use the platform udemy which enables him/ her to succeed and complete the course by being awared. The core system of the course is the Q&A session where international students do have the unique possibility of posing questions and answers related to a specific theme. By so doing, current and updated socioeconomic knowledge is built up on a very sustainable and profound level. Without overstating but I rarely saw any engaged lecturer who really lives for the very complex and difficult subject such as economics. It is worthwhile to mention that, apart from economics, many other fields are covered including culture and politics. This course is a give and take activity. Rather than just passively sitting in front of the computer, I can confirm that one's outcome significantly increases and stays abouve by doing workbooks, homework and classroom participations. In closing, I also want to highlight the educational announcements where the lecturer posts current and relevant issues that, if wanted and necessary, can be transferred to the Q&A room. Finally, I can recommend this course as it can be done full or part-time according to one's needs, wants and likes. A big thank you for the continuous engagement, resilience and communication on this course as it helps to improve social, planning and conceptual skills in the long run.

By Phil on 10/31/2020

I'm taking this class to further my education. I remember taking Economics, both micro & macro in college, I was always fascinated by it. I think it's super important with what's going on in the world today to understand Economics, so this class was a no brainer for me to take. This is actually my first Udemy course, I was a bit skeptical about taking a course on this platform - but I absolutely love it, and am very happy with my decision. Professor Sivewright is extremely informative, and he wants you to learn the material, he actually checks up on you, and is super responsive to your questions. None of my Economics professors in college cared about students as much as Professor Sivewright. Trust me people you will get your money's worth by taking this course. I purchased two other courses from Professor Sivewright, and can't wait to start them. Make sure to read the course description so you understand what you're about to learn, it's basic material but very in-depth. As you get deeper into the course it gets very interesting & it's full of insightful content. There are plenty of workbooks, questions & interaction with this course. He will encourage you to participate in discussion which is one of my favorite things about this course.

By Sakshi Chopra on 9/14/2020

okay , so I will talk about everything one by one . firstly , the professor is really nice . he replies to queries very fast and whenever I have doubt very explains that . and so far replied to my each and every query . secondly , the course is very descriptive and very interesting . I have completed about 30% of the course and already learnt so much. it is all basic so far and the content of the course is very up to date . thirdly , there are a lot of resources attached to the course and the professor provide so many additional links to widen the knowledge about the particular topic , which I think is really great. I have done one task of one of the workbooks and learnt many new things and enjoyed it a lot . fourth , the professor has added a new part to the course which is September Blues and this is one of my favourites . he teaches about many ways to overcome depression , tells about art , exercise , yoga and many more and daily updates this section . he is really concerned about his students and their fellow people and this is so nice of him. fifth , in the starting of the course he guides the students on how to make most out of the course and also added a section of business English . and set daily homework that helps us to widen the knowledge and apply the theory to practical situations . sixth, he encourages students to take part in discussions and ask them to clear their queries and I have really experienced that the discussion threads are quite nice . in all I really liked the course till now.

By Mark Podafei on 8/20/2020

This course deals with general concepts of microeconomics, which is quiet intelligible presented. However I found some of sections, which pursue the goal of deepening the knowledge not only boring because of lack of communication on the part of autor but also senseless as if it was made just to note an "enourmously long" durance of the course, that could be much shorter and wouldn't lose anything in sense of information (in some sections you as a viewer just get an article without any kind of voice guidance or commenting while you read it and then listen to the explanation or even very often don`t get any). Another thing I personally wasn't fond of is an uncomparable size of section where you learn something new to a mostly unnecessary bunch of sometimes even fully unrelated to the theme of the course stuff. Moreover, though the presentation is pretty understandable I was dissapointed how boring it is (just a lot of text on the black screen).

By Daniel Díaz Rangel on 7/31/2020

Final edit: I just finished with all the classes from this course, participated extensively in the discussions and done most of the tasks assigned. What I can say is that it is both limited to basic concepts of microeconomics but heterogeneous at the same time. Regarding purely microeconomics, this course focuses heavily on Supply and Demand curves, Elasticity, Taxes and Subsidies, and Market Failures (particularly Externalities). The mathematics are seldom used, and are exclusively arithmetic; it does not use intermediate nor advanced mathematical approaches to solve problems (e.g. calculus is not employed). The course also touches on subjects such as, but not limited to, Behavioral Economics, Macroeconomics, Healthcare systems, the effects of COVID-19 in the economy, and also on topics unrelated to economics, like Mindfulness, Physical Exercise and Art Therapy. Positive aspects: • The professor is very supportive and constantly asks you things in the discussion forums to enrich your learning. He answers in a timely fashion and is 100% committed to the learning of his students. • Dedicate yourself to this course and at least try to obtain the Oxford Diploma, and you will learn about absolutely broad facets of the economy. You will be enriched with different tools (blogs, economic communities, books, newspaper articles, research papers, etc.) to support your understanding of the economy. • Because there are students from different parts of the world, the discussions are enriched with diversified perspectives. • The variety on the subjects is utterly interesting and enriching. You will learn many things both related and unrelated to economics, and will exercise your critical thinking. • On a previous review, I said that I wished there were more mathematical exercises. The professor then made a lecture specifically to recommend free courses which do have advanced analytics for economists, and he even recommended a few books free to download. Aspect to be patient with: • The subjects, lectures and tasks may seem repetitive at some point. • The Oxford Diploma is not something you can achieve in 4 months or less. With all the workbooks, investigations, comments and tasks assigned, it will probably take you about 6 to 8 months to achieve (maybe more), even if you have full-time availability to study. Beware, if you do decide to pursue the Diploma, the amount of work will most probably feel overwhelming. • The professor does not always answer questions in a straightforward manner; most of the time, he will ask questions back for you to research on the subject (I think this is positive, though). I agree with Chris Bankes when he says that the most important aspect of this course is to enjoy it and have fun while studying. So, you go and do that!

By Janhavi Deshpande on 5/19/2020

Hello ! I am an Indian student , now in my 12th grade ( I am 16 years old) . I have always been very fascinated by economics and I also wish to pursue it further. But the complicated textbooks which were gathering more and more dust by every passing day in Library did not interest me as I have a hunger for understanding practical and latest relevance of subjects . So when I got free by around May-end , I chose this course for increasing my knowledge about micro-economics and to be honest , I was more interested in Brexit. I think this course not only helped me gain the knowledge I was looking for but also made me aware of many different aspects of economics which I never came across in my Junior College . I would suggest this course to all those who have patience and consistent enthusiasm in the subject !

By Paul Despard on 7/20/2019

This was a very good course for beginners. Hopefully, there will be more intermediate and advanced courses in the future. The tutor was very clear throughout the lectures with good explanation and diagrams. The video and sound quality throughout the course was excellent. Going into detail on certain topics, the bits I enjoyed the best from my point of view where the practical bit. I would have liked the tutor to go through say one of the tough questions he set in this course in full so that I can then go through the rest of the questions with a lot more confidence (like a template I can use). I found this method very beneficial in answering mathematical questions, which I did many years ago. I could then use this in my questions going forward. during this course, I asked the tutor a general question in one of my other courses and he came back to me within 24 hours, which is excellent. Overall, I highly recommend this course to all of you and if the standard is the same with his other courses, I think you will thoroughly enjoy throughout. Many thanks. Two more sections have since been added, Brexit and short videos on micro economics. I particularly enjoyed the Brexit videos and concerns that may arise which can affect us at some time in the future. It reminded me of the problems I had back in 1988 when I first took out a mortgage at 11.5% - £400 a month. Within a month - Black Wednesday, Interest rates went up to 15%. Suddenly my repayments went to over £700 a month - which was my salary plus 35% of my wife's salary. I had to cash in insurance policies just to get the payments down to a manageable level. These rates lasted for quite a long time. Wherever possible, we tried to pay a little extra on top of the payment so that we can gradually reduce the interest that we were paying each month. Eventually over the next 11 years we paid off the 25 year mortgage. Back in 1999, we bought a new house, this time taking out a fixed rate mortgage at 5.75%. This was so that we could plan everything and nothing could cause what happened previously to happen again. Once again, we paid additional amounts extra off each moth as we were allowed to pay off up to 10% extra per year. This meant that interest payment due, was falling each month. if anyone is on an ordinary mortgage payment, it may be worth checking with the people who the mortgage is with to see if you can reduce what you are paying, or even reduce the term of your mortgage more quickly. Advantage of going back to your lender, you will probably get much reduced product fees, where if you switch to a different mortgage provider, you could end up having very large products fees added. What Chris said about making extra sacrifices can make a big difference in the future. Once again, the standard of the course is excellent, I am sure you will not be disappointed.

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Overall Score : 84 / 100