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
- 5 stars80.49%
- 4 stars15.46%
- 3 stars3.51%
- 2 stars0.17%
- 1 star0.35%
TOP REVIEWS FROM MICROECONOMICS: WHEN MARKETS FAIL
Really a fantastic course with rigourous microeconmic analysis and market structure. Thanks to Mam
This course was awesome. I really enjoyed. Though, I am non Economic Background, still found this course very helpful.
I followed on to this course after completing Part I. It is a very well-designed succinct course.
Another fine course from Professor Stein. I particularly appreciated the final set of lectures, but all were well presented, understandable, and relevant.
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