Chevron Left
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
802 classificações
156 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
7 de Jun de 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
4 de Mar de 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.

Filtrar por:

76 — 100 de 148 Avaliações para o Firm Level Economics: Markets and Allocations

por Monica B

17 de Mai de 2020

The professor is really exceptional!

por Rajat K

3 de Out de 2019

Prof L is the best. Learned so much.

por Hamada S S

22 de Fev de 2019

Great class with great information!

por Andras I

24 de Nov de 2019

Just as great as the first course!

por Ben J

14 de Jun de 2016

Great course! Extremely rewarding

por Damilola O

12 de Jul de 2020

Wonderful and insightful lecture

por James S

3 de Mar de 2018

Great class and great Professor!

por Ralph K M G

28 de Fev de 2018

Excellent course, Prof DeBrock.

por Ahmad U H

24 de Abr de 2020

Amazing course and learning.

por paco b

24 de Set de 2020

the best coirse thanks alot

por Muhammed I

18 de Jun de 2020

Instructor is awesome...!!!

por Michael O

2 de Mar de 2019

Great class and professor!

por AKSA E J

29 de Mai de 2020

This is an amazing course

por Sean R P I

14 de Nov de 2020

I learned a lot. Thanks

por MEKALATHURU S

28 de Jun de 2020

rmgfkjerptmrtjgidmfpmgf

por Ravi K J

25 de Abr de 2020

well structured course

por Lala F

25 de Abr de 2020

Enjoyed every moment!

por Luca D

27 de Set de 2020

A very useful course

por Beffin S

22 de Set de 2020

The session was good

por Vidushi G

5 de Jul de 2020

very well explained

por Viral S

5 de Out de 2019

Amazing experience.

por Chris M

22 de Fev de 2018

Larry is the BOMB!!

por Badrinath R

7 de Fev de 2018

really informative.

por Olusegun A

16 de Fev de 2017

Excellent course!!!

por Hoàng H C

16 de Mar de 2020

Very good, Thanks