Principles of Microeconomics

开始时间: 04/22/2022 持续时间: Unknown

课程主页: https://www.coursera.org/course/steinmicro

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课程简介

Learn how markets work, what they accomplish well and what their limitations are.

课程大纲

Week One: Where do markets come from? We will start with understanding the constraints that we face and then discuss how gains from specialization and trade allow us to use our resources efficiently.

Week Two: The basic model of Supply & Demand. This is a week full of terminology that will allow you to communicate with other economists and finally understand those business pages and market updates. Introduction of the concept of elasticity to discuss effects of price and income changes on market outcomes.

Week Three: The great accomplishment of markets: maximizing the size of the pie. What happens when government intervenes in the market? We will analyze price floors and ceilings, taxes and subsidies.

Week Four: Introduction to firms’ decisions: understanding firms’ cost curves and the goal of profit maximization.

Week Five: The Perfectly Competitive Market: what is it? does it exist? why is it a crucial benchmark?

Week Six and Seven: Monopolies of various types: one price monopoly, natural monopoly, price discrimination and monopolistic competition. What market outcomes do we get in each case? How should government intervene in such cases?

Week Eight: When markets fail: externalities and public good.

Week Nine: Poverty and inequality: how do we measure these? How do we balance our concern about poverty and inequality while allowing markets to work for the benefit of society at large?   

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