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Learner Reviews & Feedback for Firm Level Economics: Markets and Allocations by University of Illinois Urbana-Champaign
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About the Course
In markets, prices act as rationing devices, encouraging or discouraging production and consumption to find an equilibrium. In this course, you will learn to construct demand curves to capture consumer behavior and supply curves to capture producer behavior. The resulting equilibrium price “rations” the scarce commodity. Additionally, the course examines the ways in which markets are subject government intervention and the impacts of these interventions.
You will be able to:
• Explain how different market structures result in different resource allocations
• Model the impact of external shocks to a particular market structure and demonstrate the new equilibrium price and quantity after the impact of this external shock has played out
• Evaluate the efficiency of an equilibrium
• Explain when and why the government might intervene with regulatory authority or antitrust litigation to lessen inefficiencies in some markets
• Describe how information problems can cause inefficient outcomes
• Understand externalities and consider optimal government response to these market failures
This course is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program at https://degrees.giesbusiness.illinois.edu/idegrees/.
Top reviews
RR
Dec 1, 2020
Learnt a great deal about Microeconomics! Prof. DeBrock teaches the class with great insights mixing history with everyday situations and issues. Can't say enough good things about this course!
AA
Jun 8, 2016
Awesome instructor, awesome materials and awesome learners. Of course, difficult assignments that I taught me a lot! Thank you Coursera, Dr. Larry and the entire team behind the scene.
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By Martha G M
•Dec 19, 2024
I REVIEWED MORE THAN 10 PEERS AND STILL I CANT ACCESS THE NEXT ASSIGNMENT PLEASE DO THE NEEDFUL AS ITS WASTING MY TIME