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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

4.9
estrelas
677 classificações
121 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.

LD

Mar 07, 2018

Prof. Larry DeBrock makes very complicated concepts seem simple and understandable. He shows how to apply the concept to contemporary relevant issues. I sincerely loved this class.

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26 — 50 de 117 Avaliações para o Firm Level Economics: Markets and Allocations

por Bindu.S

May 07, 2020

I found it very interesting and useful. Easy to understand and grade ourselves with flexibility in watching videos. Thank you

por syedzainaliraza

Aug 08, 2016

Its an excellent course. Many difficult concepts have been explained in plain language with good examples.

por Luz K

Mar 06, 2019

The professor made it very easy to learn and he retained my attention the entire time. Great Professor!

por Nathaniel R

Mar 04, 2020

Prof. DeBrock's courses are engaging and informative. I would seek out his courses without question.

por Andrew P

Oct 07, 2019

Helpful content to explain the various markets structures and how prices and quantity reacts.

por Anurag P

Mar 01, 2016

i have done the previous course in the series , this is absolutely a delight for a student .

por Yu Y

Feb 24, 2018

A lot of good examples during teaching. The professor explains all concepts quite clearly.

por Emmanouil K

May 20, 2017

A fantastic course! Professor DeBrock's teaching style is excellent. Highly recommended!

por Adam D

Aug 19, 2016

Great instructor, and the quizzes and exercises genuinely make you think a little bit.

por Raghavi R

Jun 27, 2020

Informative course! I loved the Proffessor. Looking forward to more courses from him.

por Oladotun O A

Sep 14, 2019

Very educative class/course with a very good instructor. I'm glad I took this course.

por Innocent O

Apr 10, 2019

The instructor was great in delivering the lectures in an easy to understand manner

por Keith K D

Mar 02, 2019

Great course, learned a lot of new stuff and I understand markets much better.

por Joe N

Oct 07, 2019

Great lectures and assignments that ensure you learned the material properly.

por Reece A M

Feb 11, 2018

Well taught course with some assignments that allow you to think for yourself

por PIYUSH S

May 08, 2020

Excellent course content with lots of deep learning concepts of economics..

por Arun P R S

Feb 27, 2017

Very interesting lecture videos which makes it a great learning experience.

por KIRK H

Jan 03, 2020

The instructor covered the material in an animated and enthusiastic

por Erwin T

Jun 06, 2020

well presented, documented and clearly explained economics course.

por Paul P A

Mar 06, 2018

Than you professor Larry. I'll miss Larry's tree trimming service.

por Frank A

Oct 01, 2019

Larry explains concepts well. Excellent course in pricing theory!

por WEERASINHA M A M W

Jun 15, 2020

Excellent course that really help me to improve my knowledge.

por Nguyễn N T N

Apr 15, 2016

A great teacher and interesting course ^^ Thank you so much.

por EPHRAIM M

Jan 04, 2018

good course so far. looking forward to the next challenge.

por Nicholas J B

Jun 13, 2018

Plenty of detals and examples to help you be sucsessfull!