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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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51 — 75 de {totalReviews} Avaliações para o Firm Level Economics: Markets and Allocations

por Rushi K V

Mar 23, 2016

I like this professor and he taught beautifully even in Producer and Consumer behavior, the prequel course in this specialization. High expectations from this course!

por Martin C

Mar 09, 2016

Another great course! This is the 2nd of the specialization and I just love how the prof., Larry DeBrock, explains things. With real life examples, he makes it easy to understand and apply to everyday-life. Really great course! Highly recommended!

por Ahmed N R

Jun 17, 2018

Very informative and helps a lot with decision making

por ARVIND K S

Aug 22, 2019

Excellent course!

por Oladotun O A

Sep 14, 2019

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

por Emeka J E

Oct 14, 2019

Great course taught by a well-experienced Prof Larry Debrock, assisted by an enviable Prof Vlad, who brought a lot dynamism into the course.

por Kartikeyan S

Oct 14, 2019

Awesome course

por Lawrence A

Oct 14, 2019

Great course with many real world applications

por Frank A

Oct 01, 2019

Larry explains concepts well. Excellent course in pricing theory!

por Supriya P

Oct 03, 2019

Excellent course to understand basics of economics. Prof DeBrock does a great job of explaining the concepts. Love his energy and enthusiasm

por Rajat K

Oct 04, 2019

Prof L is the best. Learned so much.

por Viral S

Oct 06, 2019

Amazing experience.

por Andrew P

Oct 07, 2019

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

por Joe N

Oct 07, 2019

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

por Sandeep K

Oct 07, 2019

Great course.

por Sami Y

Oct 10, 2019

Prof. DeBrock is the kind of teacher that can make you excited about a topic you have never looked at before. I hugely enjoyed this course!

por Sejal R S

Oct 20, 2019

Excellent

por Eric M L E

Mar 12, 2019

Great learning experience, teacher is clear and relatable. I'm still holding out on a 5-star until I can figure out exactly how I'll use this stuff in IRL context as a C-level exec. Good background info though... utilitarian? Maybe not so much atm.

por Eliane D

Dec 06, 2017

It was good but not simple to understand.

por Rachel B

Mar 06, 2018

The "optional reading" isn't actually optional. Just make it required.

Also, assign/provide a refresher on algebra as pre-course work. It has been multiple decades since I have had to work with slopes and graphs.

por Gurnimrat K

Feb 26, 2017

More detailed explanation possible. On the whole, very patiently taught by the professor!

por Michael T

Mar 06, 2018

Professor DeBrock makes Microeconomics interesting!

por male i

Nov 24, 2016

GOOD

por Dubem O

May 30, 2016

I have thoroughly enjoyed this session with Larry DeBrock. A delightful presentation.

por Prasanth M

Sep 04, 2019

Great course work and very nicely explained!