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
- Market (Economics)
Syllabus - What you will learn from this course
Costs and Profits + Perfect Competition
Externalities + Public Goods
- 5 stars80.72%
- 4 stars15.27%
- 3 stars3.47%
- 2 stars0.17%
- 1 star0.34%
TOP REVIEWS FROM MICROECONOMICS: WHEN MARKETS FAIL
The course is best for those who are beginners to Microeconomics. I had no idea of Microeconomics. This course has given me confidence to start my journey to start learning more. Thanks
Another fine course from Professor Stein. I particularly appreciated the final set of lectures, but all were well presented, understandable, and relevant.
In the beginning, it started to clear out my basics. As we got closer to the end of the course, it related the theoretical knowledge gained to the practical scenario.
Love how the videos were brief, but informative. Very helpful class and exams weren't overly complicated. In the end, I felt as though I retained much of the knowledge.
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