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Voltar para Firm Level Economics: Markets and Allocations

Comentários e feedback de alunos de Firm Level Economics: Markets and Allocations da instituição Universidade de Illinois em Urbana-ChampaignUniversidade de Illinois em Urbana-Champaign

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729 classificações
139 avaliações

Sobre o curso

In this class, we will derive equilibrium outcomes across a variety of market structures. We will begin by understanding equilibrium under a market structure called Perfect Competition, a benchmark construction. Economists have tools to measure the efficiency of market outcomes. We next consider the polar extreme of a competitive market: a monopoly market. We will determine the monopoly equilibrium price and quantity and efficiency properties. Much economic activity takes place in markets with just a handful of very large producers. To understand equilibrium in these oligopoly markets requires more careful attention to strategic interdependence. To capture this interdependence, we consider collusive arrangements among a small number of rivals as well as the use of simple game theoretic techniques to model equilibrium. Market Failure describes situations where markets fail to find the efficient outcome. Information asymmetries are one fertile form of market failure. Another form of market failure occurs when externalities are present. We will examine one key externality, pollution, and construct a policy prescription to mitigate the negative efficiency impacts of this externality. Upon successful completion of this course, you will be able to: • Explain how different market structures result in different resource allocations. • Model the impact of external shocks to a particular market structure and demonstrate the new equilibrium price and quantity after the impact of this external shock has played out. • Evaluate the efficiency of an equilibrium. Different market structures produce different levels of efficiency. • Explain when and why the government might intervene with regulatory authority or antitrust litigation to lessen inefficiencies in some markets. • Describe how information problems can cause inefficient outcomes. • Understand externalities and consider optimal government response to these market failures. This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu....

Melhores avaliações

AA

Jun 08, 2016

Awesome instructor, awesome materials and awesome learners. Of course, difficult assignments that I taught me a lot! Thank you Coursera, Dr. Larry and the entire team behind the scene.

JF

Mar 05, 2019

Professor DeBrock made the class very interesting with great real-world examples. I feel that I have learned so much from this class that I will carry with me throughout my career.

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76 — 100 de 132 Avaliações para o Firm Level Economics: Markets and Allocations

por James S

Mar 03, 2018

Great class and great Professor!

por Ralph K M G

Mar 01, 2018

Excellent course, Prof DeBrock.

por Ahmad U H

Apr 24, 2020

Amazing course and learning.

por Muhammed I

Jun 18, 2020

Instructor is awesome...!!!

por Michael O

Mar 02, 2019

Great class and professor!

por AKSA E J

May 30, 2020

This is an amazing course

por MEKALATHURU S

Jun 28, 2020

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por Ravi K J

Apr 25, 2020

well structured course

por Lala F

Apr 25, 2020

Enjoyed every moment!

por Vidushi G

Jul 05, 2020

very well explained

por Viral S

Oct 06, 2019

Amazing experience.

por Chris M

Feb 22, 2018

Larry is the BOMB!!

por Badrinath R

Feb 08, 2018

really informative.

por Olusegun A

Feb 16, 2017

Excellent course!!!

por Hoàng H C

Mar 16, 2020

Very good, Thanks

por ARVIND K S

Aug 22, 2019

Excellent course!

por Shaw K G H

Dec 30, 2017

Very good course!

por Lukasz T

Mar 08, 2020

Fantastic course

por KENAZ K J

Jun 26, 2020

gud experience

por Ray S

Mar 09, 2020

Amazing course

por Kartikeyan S

Oct 14, 2019

Awesome course

por Meena G

Feb 07, 2019

Great course!!

por Ameya C

May 10, 2020

Great Course!

por Diana T

Feb 18, 2020

Great course!

por Sandeep K

Oct 07, 2019

Great course.