Firm Level Economics - Markets and Allocations Coursera

Overview

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 Firm Level Economics - Markets and Allocations course offered by from Coursera in partnership with University of Illinois 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

Skills you'll gain

• Market Dynamics

• Game Theory

• Financial Regulations

• Behavioral Economics

• Competitive Analysis

• Governance

• Economics

• Operational Efficiency

• Law, Regulation, and Compliance

• Business Economics

• Supply And Demand

• Market Analysis

• Economics, Policy, and Social Studies

• Market Data

• Performance Metric

• Strategic Decision-Making

• Resource Allocation