课程信息
4.8
248 个评分
60 个审阅
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....
Globe

100% 在线课程

立即开始,按照自己的计划学习。
Calendar

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Clock

Approx. 11 hours to complete

建议:6 hours/week...
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English

字幕:English, Mongolian...

您将获得的技能

ExternalityEconomicsMicroeconomicsMarket (Economics)
Globe

100% 在线课程

立即开始,按照自己的计划学习。
Calendar

可灵活调整截止日期

根据您的日程表重置截止日期。
Clock

Approx. 11 hours to complete

建议:6 hours/week...
Comment Dots

English

字幕:English, Mongolian...

教学大纲 - 您将从这门课程中学到什么

Week
1
Clock
完成时间为 1 小时

Costs and Profits + Perfect Competition

In the first part of the course we learnt that if we allow market forces to work we reach an efficient outcome: the maximum benefit that can be generated by a market. The second part of the course explores cases where the markets fail to accomplish our goals. This week sets up the benchmark case of the perfectly competitive market: a model we will modify in the next few weeks. We define Perfect Competition, learn to model it graphically and discuss some key results in terms of long run profits and implications for efficiency....
Reading
20 个视频(共 45 分钟), 1 个阅读材料, 3 个测验
Video20 个视频
1.1.1: Defining Profits1分钟
1.1.2: Defining Fixed Costs and Variable Costs2分钟
1.1.3: Marginal Productivity2分钟
1.1.4: Marginal Productivity: Definition1分钟
1.1.5: Marginal Cost1分钟
1.1.6: Average Cost2分钟
1.1.7: Graph of Marginal and Average Cost Curves1分钟
1.2.1: Perfect Competition: Definition5分钟
1.2.2: Profit Maximization Perfect Competition2分钟
1.2.3: Profit Maximization: MR=MC3分钟
1.2.4: Profit Maximizations vs. Making Profits2分钟
1.2.5: Profit Maximization: The Case of Losses2分钟
1.2.6: Perfect Competition: The Firm's Supply Curve REPLACE1分钟
1.2.7: Definition of Short Run vs. Long Run1分钟
1.3.1: Perfect Competition: Firm Entry When Profits are Positive2分钟
1.3.2: Perfect Competition: Firm Entry When Profits are Negative1分钟
1.3.3: Perfect Competition: An Efficient Outcome2分钟
1.3.4: Perfect Competition: In The Long Run2分钟
1.3.5: Perfect Competition: An Efficient Outcome Pt 21分钟
Reading1 个阅读材料
Participate in a Purdue Research Project (Optional)10分钟
Quiz3 个练习
1.1: Costs and Profits10分钟
1.2: Perfect Competition: Definition and Output12分钟
1.3: Perfect Competition: Implications for Efficiency6分钟
Week
2
Clock
完成时间为 1 小时

Monopoly

A monopoly is a case where there is only one firm in the market. We will define and model this case and explain why market power is good for the firm, bad for consumers. We will also show that society as a whole suffers from the lack of competition....
Reading
13 个视频(共 39 分钟), 2 个测验
Video13 个视频
2.1.2: The Monopoly as a Price Setter2分钟
2.1.3 Marginal Revenue vs Price: Numerical Example2分钟
2.1.4 Marginal Revenue vs Price: Graphical Example2分钟
2.1.5 Marginal Revenue vs Price: Example Using Calculus1分钟
2.1.6 Profit Maximization in a Monopoly2分钟
2.1.7 Profit Maximization in a Monopoly: Numerical Example4分钟
2.2.1 Monopoly vs Perfect Competition6分钟
2.2.2 Efficiency loss under a Monopoly2分钟
2.2.3 Monopoly vs Perfect Competition: Numerical Example5分钟
2.2.4 Monopoly vs Perfect Competition: Example of Dead Weight Loss2分钟
2.2.5 Monopoly vs Perfect Competition: Summary1分钟
2.2.6 Why do we allow monoplies?3分钟
Quiz2 个练习
2.1: Monopoly definition8分钟
2.2: Monopoly vs. Perfect Competition Numerical example14分钟
Week
3
Clock
完成时间为 1 小时

Monopoly Continued

Monopolies come in various types: one price monopoly, natural monopoly, price discrimination and monopolistic competition. This week we will expand the basic monopoly model to cover these cases and then explore market outcomes in each case. We will also discuss how government may intervene in such cases to benefit society as a whole and increase the surplus generated by the market....
Reading
14 个视频(共 39 分钟), 3 个测验
Video14 个视频
3.1.2 Government Regulation and Antitrust Law2分钟
3.1.3 Natural Monopoly: Implications for the Average Total Cost3分钟
3.1.4 Natural Monopoly: Graphical Presentation1分钟
3.1.5 Natural Monopoly: Profit Maximizing Outcome4分钟
3.1.6 Natural Monopoly: Regulation though Marginal Cost Pricing3分钟
3.1.7 Natural Monopoly: Regulation though Average Cost Pricing3分钟
3.2.1 Price Discrimination: Definition3分钟
3.2.2 Price Discrimination: Graphical Example4分钟
3.3.1 Monopolistic Competition: Definiton2分钟
3.3.2 Monopolistic Competition: Core Results1分钟
3.3.3 Monopolistic Competition: Graphical Presentation in the Short Run3分钟
3.3.4 Monopolistic Competition: Graphical Presentation in the Long Run1分钟
3.3.5 Monopolistic Competition: Mark up and Excess Capacity2分钟
Quiz3 个练习
3.1: Natural Monopoly14分钟
3.2: Price Discriminating Monopoly10分钟
3.3 Monopolistic Competition8分钟
Week
4
Clock
完成时间为 2 小时

Externalities + Public Goods

Two classic cases of market failure will be defined and explored: externalities and public goods. We will define each case, demonstrate why the market fails to provide the efficient outcome and suggest interventions through either marked design or regulation....
Reading
20 个视频(共 52 分钟), 4 个测验
Video20 个视频
4.1.2: Externalities: Allocative Efficiency: Refresher1分钟
4.1.3: Negative Externalities: Implications for Efficiency4分钟
4.1.4: Positive Externalities: Implications for Efficiency3分钟
4.1.5: The Coase Theorem2分钟
4.1.6: Interalizing a Negative Externality via a Per Unit Tax2分钟
4.1.7: Interalizing a Positive Externality via a Per Unit Subsidy1分钟
4.2.1: Externalities: A Numerical Example2分钟
4.2.2: Interalizing a Negative Externality via Tax: A Numerical Example4分钟
4.2.3 Government Intervention in the Case of Externalities2分钟
4.2.4 Externality: Conclusion1分钟
4.3.1 Pure Public Goods: Nonexcludable and Nonrival2分钟
4.3.2: Examples of Different Types of Goods4分钟
4.3.3: Implications of Nonexcludability2分钟
4.3.4: Free Riding1分钟
4.3.5: Implications of Nonrivalness1分钟
4.4.1: The Role of the Government in Providing Public Goods1分钟
4.4.2: Provision of Public Good by the Government2分钟
4.4.3: Free Riding as a Prisoners' Dilemma3分钟
4.4.4: Public Goods Conclusion1分钟
Quiz4 个练习
4.1: Externalities10分钟
4.2: Solutions to Externalities12分钟
4.3: Public Goods10分钟
4.4: Solutions to Public Goods10分钟
4.8
Briefcase

83%

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热门审阅

创建者 JRJan 14th 2018

Great and relevant content, presented in an interesting and easy way; allowing the student to go through the video materials in an individual pace and thus optimize the study sessions.

创建者 NPAug 12th 2018

I really appreciated the short form videos and abundant visual examples. I would take MANY more classes on Coursera if it were guaranteed that they would follow this format.

讲师

Rebecca Stein

Senior Lecturer
Economics

关于 University of Pennsylvania

The University of Pennsylvania (commonly referred to as Penn) is a private university, located in Philadelphia, Pennsylvania, United States. A member of the Ivy League, Penn is the fourth-oldest institution of higher education in the United States, and considers itself to be the first university in the United States with both undergraduate and graduate studies. ...

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