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.
Microeconomics: When Markets FailUniversity of Pennsylvania
About this Course
Skills you will gain
University of Pennsylvania
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.
- 5 stars80.39%
- 4 stars15.68%
- 3 stars3.38%
- 2 stars0.17%
- 1 star0.35%
TOP REVIEWS FROM MICROECONOMICS: WHEN MARKETS FAIL
Learnt so much from this course has helped me reinforce some ideas I had already from microeconomics.
Really a fantastic course with rigourous microeconmic analysis and market structure. Thanks to Mam
concepts were cleared with help of visuals ,diagrams and also with numerical examples. easy to understand.
Great and relevant content, presented in an interesting and easy way; allowing the student to go through the video materials in an individual pace and thus optimize the study sessions.
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