Microeconomics: When Markets Fail

Instructor: Rebecca Stein

Skills you'll gain

  •   Public Policies
  •   Cost Benefit Analysis
  •   Market Dynamics
  •   Business Economics
  •   Policty Analysis, Research, and Development
  •   Economic Development
  •   Socioeconomics
  •   Market Analysis
  •   Supply And Demand
  •   Economics
  •   Market Share
  • There are 5 modules in this course

    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.

    Monopoly

    Monopoly Continued

    Externalities + Public Goods

    Asymetric Information and Inequlity

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