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Quick Facts

Medium Of InstructionsMode Of LearningMode Of Delivery
EnglishSelf StudyVideo and Text Based

Courses and Certificate Fees

Fees InformationsCertificate AvailabilityCertificate Providing Authority
INR 2397yesCoursera

The Syllabus

Videos
  • 1.1.0: When Markets Fail: Introduction
  • 1.1.1: Defining Profits
  • 1.1.2: Defining Fixed Costs and Variable Costs
  • 1.1.3: Marginal Productivity
  • 1.1.4: Marginal Productivity: Definition
  • 1.1.5: Marginal Cost
  • 1.1.6: Average Cost
  • 1.1.7: Graph of Marginal and Average Cost Curves
  • 1.2.1: Perfect Competition: Definition
  • 1.2.2: Profit Maximization Perfect Competition
  • 1.2.3: Profit Maximization: MR=MC
  • 1.2.4: Profit Maximizations vs. Making Profits
  • 1.2.5: Profit Maximization: The Case of Losses
  • 1.2.6: Perfect Competition: The Firm's Supply Curve REPLACE
  • 1.2.7: Definition of Short Run vs. Long Run
  • 1.3.1: Perfect Competition: Firm Entry When Profits are Positive
  • 1.3.2: Perfect Competition: Firm Entry When Profits are Negative
  • 1.3.3: Perfect Competition: An Efficient Outcome
  • 1.3.4: Perfect Competition: In The Long Run
  • 1.3.5: Perfect Competition: An Efficient Outcome Pt 2
Reading
  • Participate in a Purdue Research Project (Optional)
Practice Exercises
  • 1.1: Costs and Profits
  • 1.2: Perfect Competition: Definition and Output
  • 1.3: Perfect Competition: Implications for Efficiency

Videos
  • 2.1.1 Monopoly: Definition
  • 2.1.2: The Monopoly as a Price Setter
  • 2.1.3 Marginal Revenue vs Price: Numerical Example
  • 2.1.4 Marginal Revenue vs Price: Graphical Example
  • 2.1.5 Marginal Revenue vs Price: Example Using Calculus
  • 2.1.6 Profit Maximization in a Monopoly
  • 2.1.7 Profit Maximization in a Monopoly: Numerical Example
  • 2.2.1 Monopoly vs Perfect Competition
  • 2.2.2 Efficiency loss under a Monopoly
  • 2.2.3 Monopoly vs Perfect Competition: Numerical Example
  • 2.2.4 Monopoly vs Perfect Competition: Example of Dead Weight Loss
  • 2.2.5 Monopoly vs Perfect Competition: Summary
  • 2.2.6 Why do we allow monoplies?
Practice Exercises
  • 2.1: Monopoly definition
  • 2.2: Monopoly vs. Perfect Competition Numerical example

Videos
  • 3.1.1 Natural Monopoly: Definition
  • 3.1.2 Government Regulation and Antitrust Law
  • 3.1.3 Natural Monopoly: Implications for the Average Total Cost
  • 3.1.4 Natural Monopoly: Graphical Presentation
  • 3.1.5 Natural Monopoly: Profit Maximizing Outcome
  • 3.1.6 Natural Monopoly: Regulation though Marginal Cost Pricing
  • 3.1.7 Natural Monopoly: Regulation though Average Cost Pricing
  • 3.2.1 Price Discrimination: Definition
  • 3.2.2 Price Discrimination: Graphical Example
  • 3.3.1 Monopolistic Competition: Definiton
  • 3.3.2 Monopolistic Competition: Core Results
  • 3.3.3 Monopolistic Competition: Graphical Presentation in the Short Run
  • 3.3.4 Monopolistic Competition: Graphical Presentation in the Long Run
  • 3.3.5 Monopolistic Competition: Mark up and Excess Capacity
Practice Exercises
  • 3.1: Natural Monopoly
  • 3.2: Price Discriminating Monopoly
  • 3.3 Monopolistic Competition

Videos
  • 4.1.1: Externalities: Definition
  • 4.1.2: Externalities: Allocative Efficiency: Refresher
  • 4.1.3: Negative Externalities: Implications for Efficiency
  • 4.1.4: Positive Externalities: Implications for Efficiency
  • 4.1.5: The Coase Theorem
  • 4.1.6: Interalizing a Negative Externality via a Per Unit Tax
  • 4.1.7: Interalizing a Positive Externality via a Per Unit Subsidy
  • 4.2.1: Externalities: A Numerical Example
  • 4.2.2: Interalizing a Negative Externality via Tax: A Numerical Example
  • 4.2.3 Government Intervention in the Case of Externalities
  • 4.2.4 Externality: Conclusion
  • 4.3.1 Pure Public Goods: Nonexcludable and Nonrival
  • 4.3.2: Examples of Different Types of Goods
  • 4.3.3: Implications of Nonexcludability
  • 4.3.4: Free Riding
  • 4.3.5: Implications of Nonrivalness
  • 4.4.1: The Role of the Government in Providing Public Goods
  • 4.4.2: Provision of Public Good by the Government
  • 4.4.3: Free Riding as a Prisoners' Dilemma
  • 4.4.4: Public Goods Conclusion
Practice Exercises
  • 4.1: Externalities
  • 4.2: Solutions to Externalities
  • 4.3: Public Goods
  • 4.4: Solutions to Public Goods

Videos
  • 5.1.1 Adverse Selection
  • 5.1.2 Adverse Selection: Consequences and Solutions
  • 5.1.3 Adverse Selection: A Numerical Example
  • 5.1.4 Adverse Selection: A Numerical Example with Private Information
  • 5.1.5 Adverse Selection: Possible Solutions
  • 5.1.6 Moral Hazard
  • 5.1.7 Moral Hazard: Consequences and Solutions
  • 5.2.1 Inequality
  • 5.2.2 Poverty
  • 5.2.3 Income Redistribution
Practice Exercises
  • 5.1: Asymmetric Information
  • 5.2: Poverty and Inequality
  • Final Exam

Instructors

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