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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

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84 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.

JF

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.

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1 - 25 de 80 revisiones para Firm Level Economics: Markets and Allocations

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 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 Eydie R V

Mar 01, 2019

Professor DeBrock was excellent. I really enjoyed this course despite finding it very challenging. It required a lot of study time to complete the iMBA portion assignments and exams but was very much worth it. I will miss Professor DeBrock saying "I have the pen" and "little green sheets of paper". Both always brought a big smile to my face. Thank you Professor DeBrock! I also sincerely appreciate Professor Dolgopolov's assistance with understanding difficult topics and his timely response to forum questions. You and all the assistants that helped made this course a pleasure despite its difficulty!

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 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.

por John D

Nov 27, 2019

This course single-handedly sparked my interest in microeconomics. The instructor is fantastic, the way the materials are presented works very well with the online medium, and the assignments are actually useful for further deepening understanding of these topics.

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 Bharat A

Apr 17, 2017

The course was a great learning experience for me, and opened me to the world of microeconomics. Prof Larry has presented concepts in a very lucid manner, and the references / reading materials are great too.

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 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 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 Kristin P

Feb 27, 2019

I really enjoyed this class. My last econ class was in high school, so I was a little worried, but Professor Brock made things easy to understand. Thank you!

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 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 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 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 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 syedzainaliraza

Aug 08, 2016

Its an excellent course. Many difficult concepts have been explained in plain language with good examples.

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 Andrew P

Oct 07, 2019

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

por Anurag P

Mar 01, 2016

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

por Yu Y

Feb 24, 2018

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

por Emmanouil K

May 20, 2017

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

por Adam D

Aug 19, 2016

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

por Oladotun O A

Sep 14, 2019

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