In markets, prices act as rationing devices, encouraging or discouraging production and consumption to find an equilibrium. In this course, you will learn to construct demand curves to capture consumer behavior and supply curves to capture producer behavior. The resulting equilibrium price “rations” the scarce commodity. Additionally, the course examines the ways in which markets are subject government intervention and the impacts of these interventions.
Ce cours fait partie de la Spécialisation Économie managériale et analyse commerciale
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Spécialisation Économie managériale et analyse commerciale Université de l'Illinois à Urbana-ChampaignÀ propos de ce cours
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Compétences que vous acquerrez
- Externality
- Economics
- Game Theory
- Market (Economics)
Dates limites flexibles
Réinitialisez les dates limites selon votre disponibilité.
Certificat partageable
Obtenez un Certificat lorsque vous terminez
100 % en ligne
Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Cours 2 sur 7 dans le
Approx. 18 heures pour terminer
Anglais
Sous-titres : Arabe, Français, Portugais (européen), Italien, Vietnamien, Allemand, Russe, Anglais, Espagnol
Offert par
Université de l'Illinois à Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
Commencez à travailler pour obtenir votre master
Ce cours fait partie du diplôme intégralement en ligne Master of Business Administration (iMBA) de Université de l'Illinois à Urbana-Champaign.
Si vous êtes admis(e) au programme complet, vos cours sont pris en compte dans votre apprentissage diplômant.
Programme de cours : ce que vous apprendrez dans ce cours
2 heures pour terminer
Course Orientation
You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.
2 heures pour terminer
2 vidéos (Total 4 min), 6 lectures, 1 quiz
4 heures pour terminer
Module 1: Perfect Competition
This module introduces the concept of a perfectly competitive market. It is a benchmark construction, but it accurately models many markets in our economy. We will understand equilibrium outcomes in both the short run and the long run. We will understand how to analyze shocks to these equilibria.
4 heures pour terminer
12 vidéos (Total 118 min), 2 lectures, 3 quiz
4 heures pour terminer
Module 2: Monopoly Markets and Efficiency
Analysts can predict equilibrium outcomes with some degree of certainty. We want to construct a measure of efficiency that will allow us to evaluate the attractiveness of these equilibrium market outcomes. After using this metric to consider the efficiency of the competitive market, we will introduce a different market structure, monopoly, and use our efficiency metric to evaluate the equilibrium resource allocation under monopoly.
4 heures pour terminer
10 vidéos (Total 125 min), 2 lectures, 3 quiz
4 heures pour terminer
Module 3: Oligopoly and Game Theory
Perfectly competitive markets have many sellers. Monopoly has one seller. But much economic activity takes place in markets with just a handful of very large producers. These are called oligopoly markets. We will look at collusive arrangements among a small number of rivals, and then will use simple game theoretic techniques to model equilibrium.
4 heures pour terminer
15 vidéos (Total 147 min), 2 lectures, 3 quiz
5 heures pour terminer
Module 4: Market Failures
Sometimes even markets that appear to be capable of great efficiency in resource allocation, such as the perfectly competitive market, can fall short of efficiency. Economists call this market failure. In this module, we will consider information issues and the impact on efficiency. We will also introduce externalities (spillovers) such as pollution and model these impacts.
5 heures pour terminer
10 vidéos (Total 78 min), 5 lectures, 4 quiz
Avis
- 5 stars88,07 %
- 4 stars10,82 %
- 3 stars0,90 %
- 1 star0,20 %
Meilleurs avis pour FIRM LEVEL ECONOMICS: MARKETS AND ALLOCATIONS
par VS25 nov. 2020
Professor Larry is exceptional. He has a deep understanding of the subject and an effective teaching style. I am honored to take his course.
par NK31 août 2020
wonderfull experience to learn about firm level economics with Larry one of the best sir who taught me in a very easy way thank you
par E13 oct. 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.
par DA6 mai 2020
I found it very interesting and useful. Easy to understand and grade ourselves with flexibility in watching videos. Thank you
À propos du Spécialisation Économie managériale et analyse commerciale
In order to effectively manage and operate a business, managers and leaders need to understand the market characteristics and economic environment in which they operate. In this specialization, you will build a solid understanding of the operation of markets and the macro-economic environment with real-world examples. You will be able to identify firm and country-level economic factors that impact business decisions, develop an analytical framework using statistical tools, and apply economic theory and data in the analysis of business environment and trends to make effective business decisions.
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