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 Failペンシルベニア大学（University of Pennsylvania）
ペンシルベニア大学（University of Pennsylvania）
The University of Pennsylvania (commonly referred to as Penn) is a private university, located in Philadelphia, Pennsylvania, United States. A member of the Ivy League, Penn is the fourth-oldest institution of higher education in the United States, and considers itself to be the first university in the United States with both undergraduate and graduate studies.
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MICROECONOMICS: WHEN MARKETS FAIL からの人気レビュー
concepts were cleared with help of visuals ,diagrams and also with numerical examples. easy to understand.
In the beginning, it started to clear out my basics. As we got closer to the end of the course, it related the theoretical knowledge gained to the practical scenario.
Excellent course by Prof. Stein. One of the best, I have seen. Thanks for such a brilliant course.
Learnt so much from this course has helped me reinforce some ideas I had already from microeconomics.