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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

396 calificaciones
68 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

Principales revisiones


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.


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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26 - 50 de 64 revisiones para Firm Level Economics: Markets and Allocations

por Ahmed N R

Jun 17, 2018

Very informative and helps a lot with decision making

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!


Jan 04, 2018

good course so far. looking forward to the next challenge.

por 胡杨帆

Apr 23, 2016

good course to learn something more in the markets

por Adler J

Dec 25, 2017


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 Badrinath R

Feb 08, 2018

really informative.

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 Bruno C

Sep 25, 2017

I loved the professor, the content and the assignments.

por Keith M K

Oct 24, 2016

Great course

por Chris M

Feb 22, 2018

Larry is the BOMB!!

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 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.


Mar 29, 2016


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 Mohamed G

Jun 16, 2016

very nice

por Adam D

Aug 19, 2016

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

por Olusegun A

Feb 16, 2017

Excellent course!!!

por James S

Mar 03, 2018

Great class and great Professor!

por Nicholas J B

Jun 13, 2018

Plenty of detals and examples to help you be sucsessfull!

por Charlotta S R

Jul 24, 2016

I loved this course, very interesting and great teacher!

por Ralph K G

Mar 01, 2018

Excellent course, Prof DeBrock.

por Dan M

Mar 02, 2018

Fascinating subject matter. Well taught.

por Shaw K G H

Dec 30, 2017

Very good course!

por Felipe R

Mar 01, 2018

Great course. Learned new ways of looking at the world.