Descriptions
Microeconomics: When Markets Fail, Offered by University of Pennsylvania. Perfect markets achieve efficiency: maximizing total surplus generated. But real markets are rarely perfect. This course explores why markets sometimes fail to deliver efficient outcomes, examining the causes and consequences of market failures such as externalities, public goods, and market power. You will learn how government intervention can address these failures, and analyze real-world examples to understand the impact of policies on economic welfare.
What you’ll learn
- Understand the concept of market failure and its main causes
- Analyze externalities, public goods, and market power as sources of inefficiency
- Evaluate the role of government intervention in correcting market failures
- Apply microeconomic reasoning to real-world policy issues
Who this course is for
- Students and professionals seeking a deeper understanding of microeconomics
- Anyone interested in how and why markets fail
- Individuals preparing for further study in economics or related fields
Specificatoin of Microeconomics: When Markets Fail
- Publisher : Coursera
- Teacher : Rebecca Stein
- Language : English
- Level : All Levels
- Number of Course : 5
- Duration : 1 week to complete at 10 hours a week
Content of Microeconomics: When Markets Fail

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Subtitle : English
Quality: 720p
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