About this Course
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Learner Career Outcomes

67%

started a new career after completing these courses

67%

got a tangible career benefit from this course

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 19 hours to complete

Suggested: 4 weeks of study, 3-5 hours/week...

English

Subtitles: English

Skills you will gain

ExternalityEconomicsGame TheoryMarket (Economics)

Learner Career Outcomes

67%

started a new career after completing these courses

67%

got a tangible career benefit from this course

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 19 hours to complete

Suggested: 4 weeks of study, 3-5 hours/week...

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1
1 hour to complete

Course Orientation

1 video (Total 4 min), 4 readings, 1 quiz
4 readings
Syllabus10m
About the Discussion Forums10m
Glossary10m
Updating Your Profile10m
1 practice exercise
Orientation Quiz30m
4 hours to complete

Module 1: Perfect Competition

12 videos (Total 118 min), 2 readings, 3 quizzes
12 videos
1-1.2. Markets and Allocations - Part 29m
1-1.3. Market Structure - Part 16m
1-1.4. Market Structure - Part 210m
1-1.5. Market Structure - Part 33m
1-1.6. Perfect Competition in Reality - as Told by an Economist10m
1-1.7. Firm Supply Curve in a Perfectly Competitive Industry - Part 17m
1-1.8. Firm Supply Curve in a Perfectly Competitive Industry - Part 217m
1-2.1. Build Short Run Equilibrium Framework10m
1-2.2. Long Run Equilibrium - Part 17m
1-2.3. Long Run Equilibrium - Part 210m
1-2.4. External Shock and Movement to New Equilibrium12m
2 readings
Module 1 Overview10m
Module 1 Readings10m
3 practice exercises
Lesson 1-1 Practice Quiz30m
Lesson 1-2 Practice Quiz30m
Module 1 Quiz30m
Week
2
4 hours to complete

Module 2: Monopoly Markets and Efficiency

10 videos (Total 126 min), 2 readings, 3 quizzes
10 videos
2-1.2. Consumer Surplus - Part 215m
2-1.3. Producer Surplus8m
2-1.4. The Benevolent Dictator - Part 114m
2-1.5. The Benevolent Dictator - Part 212m
2-2.1. Monopoly Equilibrium - Part 115m
2-2.2. Monopoly Equilibrium - Part 27m
2-2.3. Marginal Revenue Curve in Monopoly8m
2-2.4. Social Costs of Monopoly16m
2-2.5. Governments Intervene in Monopoly17m
2 readings
Module 2 Overview10m
Module 2 Readings10m
3 practice exercises
Lesson 2-1 Practice Quiz30m
Lesson 2-2 Practice Quiz30m
Module 2 Quiz30m
Week
3
4 hours to complete

Module 3: Oligopoly and Game Theory

15 videos (Total 149 min), 2 readings, 3 quizzes
15 videos
3-1.2. Introducing Oligopoly - Part 27m
3-1.3. Collusion - Part 112m
3-1.4. Collusion - Part 28m
3-1.5. Collusion - Part 313m
3-1.6. Efficiency, Social Costs, and Antitrust Enforcement - Part 110m
3-1.7. Efficiency, Social Costs, and Antitrust Enforcement - Part 211m
3-2.1. Simple Game Theory9m
3-2.2. Computer Chess - Part 19m
3-2.3. Computer Chess - Part 26m
3-2.4. The Prisoner's Dilemma - Part 110m
3-2.5. The Prisoner's Dilemma - Part 28m
3-2.6. The Prisoner's Dilemma - Part 317m
3-2.7. The Nash Equilibrium to a Non-Cooperative Game - Part 17m
3-2.8. The Nash Equilibrium to a Non-Cooperative Game - Part 211m
2 readings
Module 3 Overview10m
Module 3 Readings10m
3 practice exercises
Lesson 3-1 Practice Quiz30m
Lesson 3-2 Practice Quiz30m
Module 3 Quiz30m
Week
4
4 hours to complete

Module 4: Market Failures

9 videos (Total 74 min), 3 readings, 4 quizzes
9 videos
4-1.2. The Winner's Curse - Part 27m
4-1.3. Information Asymmetries12m
4-1.4. Adverse Selection: Unraveling Insurance Markets6m
4-2.1. Positive and Negative Externalities - Part 18m
4-2.2. Positive and Negative Externalities - Part 29m
4-2.3. Measure the Gains from Positive Externality7m
4-2.4. Measure the Costs Caused by Negative Externality - Part 16m
4-2.5. Measure the Costs Caused by Negative Externality - Part 29m
3 readings
Module 4 Overview10m
Module 4 Readings10m
Module 4 Peer Review Explanation10m
3 practice exercises
Lesson 4-1 Practice Quiz30m
Lesson 4-2 Practice Quiz30m
Module 4 Quiz30m
4.9
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Top reviews from Firm Level Economics: Markets and Allocations

By AAJun 8th 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.

By LDMar 7th 2018

Prof. Larry DeBrock makes very complicated concepts seem simple and understandable. He shows how to apply the concept to contemporary relevant issues. I sincerely loved this class.

Instructor

Avatar

Larry DeBrock

Dean Emeritus and Professor of Finance and Professor of Economics
University of Illinois, Urbana-Champaign College of Business Department of Business Administration

Start working towards your Master's degree

This course is part of the 100% online Master of Business Administration (iMBA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

About University of Illinois at 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. ...

About the Managerial Economics and Business Analysis Specialization

In order to effectively manage and operate a business, managers and leaders need to understand the market characteristics and economic environment they operate in. 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. The capstone project involves an in-depth analysis of an actual business situation in which you will examine the global economic environment of a business. The final project will be a business plan that uses statistical tools and economic theory to create a comprehensive analysis of the microeconomic and macroeconomic environment in which the focal company operates. This Specialization is part of the University of Illinois Masters of Business Administration degree program, the iMBA. Learn more about the admission into the program here and how your Coursera work can be leveraged if accepted into the program. You can also start with for-credit courses within the Illinois iMBA degree program....
Managerial Economics and Business Analysis

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. 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.

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