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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
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599 classificações
107 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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76 — 100 de {totalReviews} Avaliações para o Firm Level Economics: Markets and Allocations

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.

por Iztok C

Mar 15, 2016

Great course!

por MAYUR B

Mar 01, 2019

Best Course!

por Keith M K

Oct 24, 2016

Great course

por Ali A

Apr 06, 2020

Nice course

por Wilson P

Mar 09, 2020

Love Larry!

por Malki B

Mar 07, 2020

Excellent

por Sejal R S

Oct 20, 2019

Excellent

por Mohamed G

Jun 16, 2016

very nice

por FELIX M

Mar 29, 2016

EXCELLENT

por Emil A

Apr 22, 2020

good

por Gaurav M

Jan 10, 2020

Nice

por Adler J

Dec 25, 2017

P

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 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 Dubem O

May 30, 2016

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

por Michael T

Mar 06, 2018

Professor DeBrock makes Microeconomics interesting!

por Prasanth M

Sep 04, 2019

Great course work and very nicely explained!

por Eliane D

Dec 06, 2017

It was good but not simple to understand.