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Microeconomics: When Markets Fail
Online
1 Weeks
Free Quick Facts
| Medium Of Instructions | Mode Of Learning | Mode Of Delivery |
|---|---|---|
| English | Self Study | Video and Text Based |
Courses and Certificate Fees
| Certificate Availability | Certificate Providing Authority |
|---|---|
| yes | Coursera |
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
Articles
5 Nov'24, 11:22 AM
1 Feb'24, 06:36 AM
5 Nov'24, 11:22 AM
1 Feb'24, 06:36 AM