About this Course

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 6 hours to complete

Suggested: 3-5 hours/week...

English

Subtitles: English

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 6 hours to complete

Suggested: 3-5 hours/week...

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1
2 hours to complete

Week 5 - Production

8 videos (Total 57 min), 1 quiz
8 videos
Production in the Long Run 5m
Trading Off Inputs in Production 5m
Returns to Scale 7m
Short-run Cost of Production7m
The Relationship Between Cost Curves 11m
1 practice exercise
Week 5 Quiz40m
Week
2
2 hours to complete

Week 6 - Cost Minimization

9 videos (Total 87 min), 1 quiz
9 videos
Long Run Cost Curves13m
The Importance of Cost Curves to Market Structure and Efforts to Abate Pollution 8m
Perfect Competition: Key Assumptions6m
Short-run Profit Maximization 4m
The Competitive Firm’s Short-Run Supply Curve and the Shutdown Condition 12m
Output Response to Input Price Changes5m
1 practice exercise
Week 6 Quiz40m
Week
3
2 hours to complete

Week 7 - Profit Maximization in Perfectly Competitive Markets

10 videos (Total 92 min), 1 quiz
10 videos
Key Points About the Long-run Industry Supply Curve 9m
Producer Surplus 3m
Competition Maximizes Total Surplus 9m
Who Bears the Burden of Excise Taxes?14m
The Deadweight Loss of Excise Taxes 5m
City Taxicab Markets 7m
The Net Gains From Trade 11m
1 practice exercise
Week 7 Quiz40m
Week
4
2 hours to complete

Week 8 - Monopoly Power: Its Sources and How to Use It

10 videos (Total 95 min), 1 quiz
10 videos
Further Implications of Monopoly Analysis 11m
The Measurement and Sources of Monopoly Power 5m
The Sources of Monopoly Power 11m
The Efficiency Effects of Monopoly8m
Public Policy Toward Monopoly 11m
Price Discrimination 12m
Three Necessary Conditions for Price Discrimination 12m
1 practice exercise
Week 8 Quiz40m
4.6
14 ReviewsChevron Right

Top reviews from The Power of Markets II: Market Structure and Firm Behavior

By RSFeb 26th 2018

This course is indeed a helpful one and has helped me to understand the Market Structure in a very eminent way.

By JJJun 21st 2019

This course was great. I strongly recommend buying the recommended book, as it will help a lot.

Instructor

Avatar

Mark Zupan

Professor of Economics and Public Policy
Simon School of Business

About University of Rochester

The University of Rochester is one of the nation's leading private universities. Located in Rochester, N.Y., the University provides exceptional opportunities for interdisciplinary study and close collaboration with faculty through its unique cluster-based curriculum. Its College, School of Arts and Sciences, and Hajim School of Engineering and Applied Sciences are complemented by its Eastman School of Music, Simon School of Business, Warner School of Education, Laboratory for Laser Energetics, School of Medicine and Dentistry, School of Nursing, Eastman Institute for Oral Health, and the Memorial Art Gallery....

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 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.

More questions? Visit the Learner Help Center.