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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
469 classificações
80 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 {totalReviews} Avaliações para o Firm Level Economics: Markets and Allocations

por Emmanouil K

May 20, 2017

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

por EPHRAIM M

Jan 04, 2018

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

por Shaw K G H

Dec 30, 2017

Very good course!

por Anurag P

Mar 01, 2016

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

por José T

May 11, 2016

Excellent course. Larry is a great teacher and the quizzes and assignments give a great opportunity to consolidate our learning. One recommendation I would give is to try to make the forum more useful maybe by including TAs o including mentors that response on the course contents and not only on technical issu

por Keith M K

Oct 24, 2016

Great course

por Yu Y

Feb 24, 2018

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

por James S

Mar 03, 2018

Great class and great Professor!

por Fernando P

Sep 16, 2017

I really enjoyed the two Firm Level Economics courses. Really help me refreshing my knowledge and better understand key concepts of Microeconomics dynamics.

por Chris M

Feb 22, 2018

Larry is the BOMB!!

por Arun P R S

Feb 27, 2017

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

por 胡杨帆

Apr 23, 2016

good course to learn something more in the markets

por Jackie P

Mar 03, 2018

Larry DeBrock is a fantastic professor. He breaks down concepts into consumable portions and offers real-life scenarios to keep it interesting. He changed microeconomics for me!

por Ibrahim N

Jul 15, 2016

Excellent course and excellent mentor who can really make you to rediscover the economy and love it much more than before. Great thanks.

por Mohamed G

Jun 16, 2016

very nice

por Maheshkumar P

Feb 15, 2017

Totally enjoyed this course. Highly recommend.

por Reece A M

Feb 11, 2018

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

por Ralph K G

Mar 01, 2018

Excellent course, Prof DeBrock.

por Olusegun A

Feb 16, 2017

Excellent course!!!

por Dan M

Mar 02, 2018

Fascinating subject matter. Well taught.

por Adam D

Aug 19, 2016

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

por Nicholas J B

Jun 13, 2018

Plenty of detals and examples to help you be sucsessfull!

por Badrinath R

Feb 08, 2018

really informative.

por Adler J

Dec 25, 2017

P

por Jerry D

Mar 04, 2018

I found this thorough to be quite thorough and informative. I enjoy professor DeBrock's teaching style, and the assignments were a great way to implement what we learned through the lectures. I highly recommend it to anyone seeking to enhance their knowledge of Microeconomics.