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.
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The Power of Markets III: Input Markets and Promoting Efficiency
University of RochesterAbout this Course
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Approx. 7 hours to complete
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Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Approx. 7 hours to complete
English
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Syllabus - What you will learn from this course
2 hours to complete
Week 9 - Product Pricing With Monopoly Power
2 hours to complete
10 videos (Total 112 min)
2 hours to complete
Week 10 - Monopolistic Competition and Oligopoly
2 hours to complete
9 videos (Total 79 min)
2 hours to complete
Week 11 - The Market for Inputs
2 hours to complete
10 videos (Total 70 min)
2 hours to complete
Week 12 - Can Government Intervention Improve Market Outcomes?
2 hours to complete
10 videos (Total 95 min)
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- 4 stars11.42%
- 3 stars2.85%
TOP REVIEWS FROM THE POWER OF MARKETS III: INPUT MARKETS AND PROMOTING EFFICIENCY
by RBApr 18, 2017
The course that changes way of thinking. Thank you a lot for this.
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