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Dr. José J. Vázquez-Cognet
In this course, we will discuss market failures. A market failure is a situation when the market does not do a good job of distributing resources among members of society. In fact, in all of these cases the market is the problem.
Register for this course and see more details by visiting:
OpenCourser.com/course/tts68f/public
What's inside
Syllabus
Public Goods, Common Resources, and Externalities
This course we will be discussing market failures. A market failure is a situation when the market does not do a good job of distributing resources among members of society. In fact, in all of these cases the market IS the problem.
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Covers market failures, a key concept in economics, exploring various types and relevant issues
Dr. José J. Vázquez-Cognet, the instructor, brings expertise and insights in market failures
Engages learners with in-depth discussions on public goods, common resources, and externalities
Provides a theoretical foundation for understanding how market failures occur and their implications
Requires prerequisite knowledge in economics, which may limit accessibility to some learners
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Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Public Goods, Common Resources, and Externalities with these
activities:
Review microeconomics
Show steps
Review basic microeconomic concepts to strengthen your understanding of market failures.
Browse courses on
Microeconomics
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-
Read textbook chapters on microeconomics
-
Complete practice problems
-
Take a practice quiz
Follow tutorials on externalities
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Enhance your understanding of externalities and their impact on market outcomes.
Browse courses on
Externalities
Show steps
-
Find tutorials on reputable platforms
-
Watch videos and read articles
-
Take notes and summarize key points
Participate in discussion forums
Show steps
Engage with peers, exchange ideas, and deepen your understanding through discussions.
Show steps
-
Join discussion forums related to the course
-
Read posts and respond thoughtfully
-
Ask questions and share your insights
Five other activities
Expand to see all activities and additional details
Show all eight activities
Create a study guide
Show steps
Organize and summarize course materials to enhance your retention and understanding.
Show steps
-
Collect notes, assignments, and quizzes
-
Summarize key concepts and definitions
-
Create practice questions and exercises
Analyze case studies of market failures
Show steps
Develop your analytical skills and apply your knowledge to real-world examples of market failures.
Browse courses on
Market Failures
Show steps
-
Gather case studies from reputable sources
-
Identify the type of market failure
-
Analyze the causes and consequences
-
Suggest potential policy solutions
Develop a policy proposal
Show steps
Apply your knowledge to a practical scenario by creating a policy proposal to address a specific market failure.
Show steps
-
Identify a specific market failure
-
Research potential policy solutions
-
Draft a policy proposal outlining the problem, solution, and implementation plan
-
Get feedback from peers and instructors
Contribute to an open-source project
Show steps
Gain hands-on experience and enhance your understanding of market failures by contributing to an open-source project.
Show steps
-
Identify open-source projects related to market failures
-
Review the project's documentation and code
-
Identify a contribution you can make
-
Submit a pull request with your contribution
Become a course mentor
Show steps
Deepen your understanding by helping others learn and apply the concepts of market failures.
Show steps
-
Apply to become a course mentor
-
Prepare materials and resources for students
-
Answer questions and provide guidance
-
Evaluate student progress and provide feedback
Review microeconomics
Show steps
Review basic microeconomic concepts to strengthen your understanding of market failures.
Browse courses on
Microeconomics
Show steps
Show steps
Show steps
- Read textbook chapters on microeconomics
- Complete practice problems
- Take a practice quiz
Follow tutorials on externalities
Show steps
Enhance your understanding of externalities and their impact on market outcomes.
Browse courses on
Externalities
Show steps
Show steps
Show steps
- Find tutorials on reputable platforms
- Watch videos and read articles
- Take notes and summarize key points
Participate in discussion forums
Show steps
Engage with peers, exchange ideas, and deepen your understanding through discussions.
Show steps
Show steps
Show steps
- Join discussion forums related to the course
- Read posts and respond thoughtfully
- Ask questions and share your insights
Five other activities
Expand to see all activities and additional details
Show all eight activities
Create a study guide
Show steps
Organize and summarize course materials to enhance your retention and understanding.
Show steps
Show steps
Show steps
- Collect notes, assignments, and quizzes
- Summarize key concepts and definitions
- Create practice questions and exercises
Analyze case studies of market failures
Show steps
Develop your analytical skills and apply your knowledge to real-world examples of market failures.
Browse courses on
Market Failures
Show steps
Show steps
Show steps
- Gather case studies from reputable sources
- Identify the type of market failure
- Analyze the causes and consequences
- Suggest potential policy solutions
Develop a policy proposal
Show steps
Apply your knowledge to a practical scenario by creating a policy proposal to address a specific market failure.
Show steps
Show steps
Show steps
- Identify a specific market failure
- Research potential policy solutions
- Draft a policy proposal outlining the problem, solution, and implementation plan
- Get feedback from peers and instructors
Contribute to an open-source project
Show steps
Gain hands-on experience and enhance your understanding of market failures by contributing to an open-source project.
Show steps
Show steps
Show steps
- Identify open-source projects related to market failures
- Review the project's documentation and code
- Identify a contribution you can make
- Submit a pull request with your contribution
Become a course mentor
Show steps
Deepen your understanding by helping others learn and apply the concepts of market failures.
Show steps
Show steps
Show steps
- Apply to become a course mentor
- Prepare materials and resources for students
- Answer questions and provide guidance
- Evaluate student progress and provide feedback
Career center
Learners who complete Public Goods, Common Resources, and Externalities will develop knowledge and skills
that may be useful to these careers:
For more career information including salaries, visit:
OpenCourser.com/course/tts68f/public
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Effort
Customizable based on your level of interest
Level
Introductory
Via
Coursera
Institution
University of Illinois at Urbana-Champaign
Instructor
Dr. José J. Vázquez-Cognet
Session
August 12, 2024
- August 26, 2024
Language
English
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Good to know
Covers market failures, a key concept in economics, exploring various types and relevant issues
Dr. José J. Vázquez-Cognet, the instructor, brings expertise and insights in market failures
Engages learners with in-depth discussions on public goods, common resources, and externalities
Provides a theoretical foundation for understanding how market failures occur and their implications
Requires prerequisite knowledge in economics, which may limit accessibility to some learners
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