Chevron Left
Volver a Firm Level Economics: Markets and Allocations

Opiniones y comentarios de aprendices correspondientes a Firm Level Economics: Markets and Allocations por parte de Universidad de Illinois en Urbana-Champaign

4.9
474 calificaciones
82 revisiones

Acerca del 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....

Principales revisiones

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.

Filtrar por:

1 - 25 de 78 revisiones para Firm Level Economics: Markets and Allocations

por Joe F

Mar 05, 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.

por Abdelrahman K A

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.

por Hamada S S

Feb 22, 2019

Great class with great information!

por Keith K D

Mar 02, 2019

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

por Michael O

Mar 02, 2019

Great class and professor!

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 Innocent O

Apr 10, 2019

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

por Meena G

Feb 07, 2019

Great course!!

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 Paul P A

Mar 06, 2018

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

por Laleen D

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.

por Ouatatchin K

Oct 08, 2016

An excellent course with very informative content!

por Iztok C

Mar 15, 2016

Great course!

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!