The final module of the Power of Markets course begins by further exploring firm behavior in imperfectly competitive market settings: how firms with monopoly power can increase profits through price discrimination; and the price-output combinations we can expect firms to select in cases of monopolistic competition and oligopoly. We will also analyze monopolies from an efficiency perspective and look at the effects of imperfect information on firm and consumer behavior. We will next turn to exploring input markets and what determines the demand for an input by a firm, an industry, and the overall market. We will also look at the factors that affect input supply and how the supply of an input interacts with demand to determinant input prices. We will use input market theory to analyze institutions and government policies such as the NCAA sports cartel, the minimum wage, Social Security, and immigration. Finally, we will address the concept of market efficiency and what government can do to promote it as well as how government intervention may diminish it.
Give your career the gift of Coursera Plus with $160 off, billed annually. Save today.
The Power of Markets III: Input Markets and Promoting Efficiency
Instructor: Mark Zupan
5,081 already enrolled
Included with 
(37 reviews)
What you'll learn
Students will be able to explain how firms function in a variety of competitive market situations.
Details to know
Add to your LinkedIn profile
4 assignments
See how employees at top companies are mastering in-demand skills
Earn a career certificate
Add this credential to your LinkedIn profile, resume, or CV
Share it on social media and in your performance review
There are 4 modules in this course
Price Discrimination. Firm Behavior in Cases of Monopolistic Competition and Oligopoly.
What's included
10 videos1 assignment
Imperfect Information. The Efficiency Effects of Monopoly. Firm, Industry, and Market Demand for an Input.
What's included
9 videos1 assignment
The Supply of Inputs and the Determination of Input Prices.
What's included
10 videos1 assignment
Using Input Market Theory to Analyze the Minimum Wage, Social Security,Immigration, and the NCAA. Promoting Market Efficiency and Why Government Intervention in Markets May be Justified.
What's included
10 videos1 assignment
Instructor
Offered by
Recommended if you're interested in Business Essentials
Fundação Instituto de Administração
University of Virginia
University of Illinois Urbana-Champaign
Arizona State University
Why people choose Coursera for their career
Learner reviews
Showing 3 of 37
37 reviews
- 5 stars
86.48%
- 4 stars
10.81%
- 3 stars
2.70%
- 2 stars
0%
- 1 star
0%
Reviewed on Apr 18, 2017
New to Business Essentials? Start here.
Open new doors with Coursera Plus
Unlimited access to 7,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription
Advance your career with an online degree
Earn a degree from world-class universities - 100% online
Join over 3,400 global companies that choose Coursera for Business
Upskill your employees to excel in the digital economy
Frequently asked questions
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
You will be eligible for a full refund until two weeks after your payment date, or (for courses that have just launched) until two weeks after the first session of the course begins, whichever is later. You cannot receive a refund once you’ve earned a Course Certificate, even if you complete the course within the two-week refund period. See our full refund policy.