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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

4.8
396 calificaciones
68 revisiones

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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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51 - 64 de 64 revisiones para Firm Level Economics: Markets and Allocations

por syedzainaliraza

Aug 08, 2016

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

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 Innocent O

Apr 10, 2019

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

por ARVIND K S

Aug 22, 2019

Excellent course!

por Oladotun O A

Sep 14, 2019

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

por Eric M L E

Mar 12, 2019

Great learning experience, teacher is clear and relatable. I'm still holding out on a 5-star until I can figure out exactly how I'll use this stuff in IRL context as a C-level exec. Good background info though... utilitarian? Maybe not so much atm.

por Dubem O

May 30, 2016

I have thoroughly enjoyed this session with Larry DeBrock. A delightful presentation.

por Eliane D

Dec 06, 2017

It was good but not simple to understand.

por Rachel B

Mar 06, 2018

The "optional reading" isn't actually optional. Just make it required.

Also, assign/provide a refresher on algebra as pre-course work. It has been multiple decades since I have had to work with slopes and graphs.

por Gurnimrat K

Feb 26, 2017

More detailed explanation possible. On the whole, very patiently taught by the professor!

por Michael T

Mar 06, 2018

Professor DeBrock makes Microeconomics interesting!

por male i

Nov 24, 2016

GOOD

por Prasanth M

Sep 04, 2019

Great course work and very nicely explained!

por Romain V

Jul 21, 2016

I