Firm Level Economics
Markets and Allocations
Managerial Economics and Business Analysis ,
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/.
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| Rating | 4.8★ based on 134 ratings |
|---|---|
| Length | 5 weeks |
| Effort | 4 weeks of study, 3-5 hours/week |
| Starts | Jun 26 (45 weeks ago) |
| Cost | $79 |
| From | University of Illinois at Urbana-Champaign via Coursera |
| Instructor | Larry DeBrock |
| Download Videos | On all desktop and mobile devices |
| Language | English |
| Subjects | Business |
| Tags | Business Finance |
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What people are saying
larry debrock
Prof. Larry DeBrock makes very complicated concepts seem simple and understandable.
Larry DeBrock is a fantastic professor.
This is the 2nd of the specialization and I just love how the prof., Larry DeBrock, explains things.
Excellent Awesome course Great course taught by a well-experienced Prof Larry Debrock, assisted by an enviable Prof Vlad, who brought a lot dynamism into the course.
Good Larry Debrock is the best teacher so far A great and expository course.
Larry Debrock P.hd nailed it and this was a great support for people like me.
Thank you The whole course was just amazing with clear and crisp explanation for each and every detail and special thanks to the tutor Prof.Larry DeBrock.
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easy to understand
With real life examples, he makes it easy to understand and apply to everyday-life.
The instructor was great in delivering the lectures in an easy to understand manner Great learning experience, teacher is clear and relatable.
Easy to understand and grade ourselves with flexibility in watching videos.
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enjoyed this course
Totally enjoyed this course.
I really enjoyed this course despite finding it very challenging.
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learning experience
I had an amazing learning experience in this MOOC.
The course was a great learning experience for me, and opened me to the world of microeconomics.
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so much
One recommendation I would give is to try to make the forum more useful maybe by including TAs o including mentors that response on the course contents and not only on technical issu good course to learn something more in the markets A great teacher and interesting course ^^ Thank you so much.
Maybe not so much atm.
Learned so much.
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highly recommended
Highly recommended!
Highly recommended course about an interesting topic.
really enjoyed
I really enjoyed the two Firm Level Economics courses.
I really enjoyed this class.
debrock does
Prof DeBrock does a great job of explaining the concepts.
Again, Professor DeBrock does a masterful job!
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Careers
An overview of related careers and their average salaries in the US. Bars indicate income percentile.
Price Integrity Coordinator $45k
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Price Book Coordinator $53k
Tooling Price Coordinator (Pricing/Quoting) $59k
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Business Analyst - Price Plans Analysis, Applications Support Expert $96k
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Plant Controller - Price Pfister, Mexico $123k
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| Rating | 4.8★ based on 134 ratings |
|---|---|
| Length | 5 weeks |
| Effort | 4 weeks of study, 3-5 hours/week |
| Starts | Jun 26 (45 weeks ago) |
| Cost | $79 |
| From | University of Illinois at Urbana-Champaign via Coursera |
| Instructor | Larry DeBrock |
| Download Videos | On all desktop and mobile devices |
| Language | English |
| Subjects | Business |
| Tags | Business Finance |
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