Perfect markets achieve efficiency: maximizing total surplus generated. But real markets are imperfect. In this course we will explore a set of market imperfections to understand why they fail and to explore possible remedies including as antitrust policy, regulation, government intervention. Examples are taken from everyday life, from goods and services that we all purchase and use. We will apply the theory to current events and policy debates through weekly exercises. These will empower you to be an educated, critical thinker who can understand, analyze and evaluate market outcomes.
제공자:
Microeconomics: When Markets Fail
펜실베이니아 대학교이 강좌에 대하여
최근 조회 19,588회
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지금 바로 시작해 나만의 일정에 따라 학습을 진행하세요.
완료하는 데 약 12시간 필요
영어
자막: 영어, 몽골어
귀하가 습득할 기술
- Externality
- Economics
- Microeconomics
- Market (Economics)
유연한 마감일
일정에 따라 마감일을 재설정합니다.
공유 가능한 수료증
완료 시 수료증 획득
100% 온라인
지금 바로 시작해 나만의 일정에 따라 학습을 진행하세요.
완료하는 데 약 12시간 필요
영어
자막: 영어, 몽골어
제공자:
펜실베이니아 대학교
The University of Pennsylvania (commonly referred to as Penn) is a private university, located in Philadelphia, Pennsylvania, United States. A member of the Ivy League, Penn is the fourth-oldest institution of higher education in the United States, and considers itself to be the first university in the United States with both undergraduate and graduate studies.
강의 계획표 - 이 강좌에서 배울 내용
완료하는 데 3시간 필요
Costs and Profits + Perfect Competition
In the first part of the course we learnt that if we allow market forces to work we reach an efficient outcome: the maximum benefit that can be generated by a market. The second part of the course explores cases where the markets fail to accomplish our goals. This week sets up the benchmark case of the perfectly competitive market: a model we will modify in the next few weeks. We define Perfect Competition, learn to model it graphically and discuss some key results in terms of long run profits and implications for efficiency.
완료하는 데 3시간 필요
20개 동영상 (총 45분), 1 개의 읽기 자료, 3 개의 테스트
완료하는 데 2시간 필요
Monopoly
A monopoly is a case where there is only one firm in the market. We will define and model this case and explain why market power is good for the firm, bad for consumers. We will also show that society as a whole suffers from the lack of competition.
완료하는 데 2시간 필요
13개 동영상 (총 39분)
완료하는 데 2시간 필요
Monopoly Continued
Monopolies come in various types: one price monopoly, natural monopoly, price discrimination and monopolistic competition. This week we will expand the basic monopoly model to cover these cases and then explore market outcomes in each case. We will also discuss how government may intervene in such cases to benefit society as a whole and increase the surplus generated by the market.
완료하는 데 2시간 필요
14개 동영상 (총 39분)
완료하는 데 3시간 필요
Externalities + Public Goods
Two classic cases of market failure will be defined and explored: externalities and public goods. We will define each case, demonstrate why the market fails to provide the efficient outcome and suggest interventions through either marked design or regulation.
완료하는 데 3시간 필요
20개 동영상 (총 52분)
검토
- 5 stars80.77%
- 4 stars15.52%
- 3 stars3.51%
- 2 stars0.18%
MICROECONOMICS: WHEN MARKETS FAIL의 최상위 리뷰
PD 제공2019년 1월 1일
Very helpful and informative class.... liked the challenge of getting my microeconomics view back in order...
AM 제공2020년 4월 4일
In the beginning, it started to clear out my basics. As we got closer to the end of the course, it related the theoretical knowledge gained to the practical scenario.
VR 제공2017년 5월 23일
I came here for the videos! Extremely concise and accurate. Very good for reviewing material. I speak from the level of an HL Economics student in the IB.
AS 제공2020년 8월 23일
Learnt so much from this course has helped me reinforce some ideas I had already from microeconomics.
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