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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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561 calificaciones
93 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.

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26 - 50 de 89 revisiones para Firm Level Economics: Markets and Allocations

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.

por Innocent O

Apr 10, 2019

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

por Keith K D

Mar 02, 2019

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

por Joe N

Oct 07, 2019

Great lectures and assignments that ensure you learned the material properly.

por Reece A M

Feb 11, 2018

Well taught course with some assignments that allow you to think for yourself

por Arun P R S

Feb 27, 2017

Very interesting lecture videos which makes it a great learning experience.

por KIRK H

Jan 03, 2020

The instructor covered the material in an animated and enthusiastic

por Paul P A

Mar 06, 2018

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

por Frank A

Oct 01, 2019

Larry explains concepts well. Excellent course in pricing theory!

por Nguyễn N T N

Apr 15, 2016

A great teacher and interesting course ^^ Thank you so much.

por EPHRAIM M

Jan 04, 2018

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

por Nicholas J B

Jun 13, 2018

Plenty of detals and examples to help you be sucsessfull!

por Felipe R

Mar 01, 2018

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

por Charlotta S R

Jul 24, 2016

I loved this course, very interesting and great teacher!

por Bruno C

Sep 25, 2017

I loved the professor, the content and the assignments.

por Ahmed N R

Jun 17, 2018

Very informative and helps a lot with decision making

por Ouatatchin K

Oct 08, 2016

An excellent course with very informative content!

por 胡杨帆

Apr 23, 2016

good course to learn something more in the markets

por Vikrant B

Mar 06, 2020

Great professor and teaching. Very useful course.

por Lawrence A

Oct 14, 2019

Great course with many real world applications

por Maheshkumar P

Feb 15, 2017

Totally enjoyed this course. Highly recommend.

por Jay K

Mar 04, 2019

Great class, loved it and learned a lot.

por Dan M

Mar 02, 2018

Fascinating subject matter. Well taught.

por Vivek B

Mar 02, 2019

Excellent Course, thank you Dr. Larry!