Market Dynamics: Input Analysis & Efficiency
Explore advanced market structures, input markets, and government intervention in economic efficiency.
Explore advanced market structures, input markets, and government intervention in economic efficiency.
This course, the final module of the Power of Markets series, delves into advanced topics in microeconomics, focusing on imperfect competition, input markets, and the role of government in promoting market efficiency. Students will explore price discrimination in monopolies, firm behavior in monopolistic competition and oligopoly, and the effects of imperfect information on market outcomes. The course also covers input market theory, analyzing factors affecting input demand and supply, and applies these concepts to real-world issues such as minimum wage, Social Security, and immigration. Finally, it examines market efficiency and the justifications for government intervention, including externalities and public goods. Through a combination of video lectures and quizzes, participants will gain a comprehensive understanding of complex market structures and policy implications.
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What you'll learn
Understand advanced pricing strategies in imperfect competition, including price discrimination
Analyze firm behavior in monopolistic competition and oligopoly using game theory concepts
Evaluate the efficiency effects of monopoly and imperfect information on market outcomes
Examine the dynamics of input markets, including labor supply and demand
Apply input market theory to real-world issues such as minimum wage and immigration
Assess the economic impacts of cartels and collusive behavior in markets
Skills you'll gain
This course includes:
354 Minutes PreRecorded video
4 quizzes
Access on Mobile, Tablet, Desktop
FullTime access
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There are 4 modules in this course
This course explores advanced topics in microeconomics, focusing on imperfect competition, input markets, and the role of government in promoting market efficiency. It begins by examining price discrimination strategies in monopolies and firm behavior in monopolistic competition and oligopoly markets. Students will learn about game theory applications in economics, including the prisoner's dilemma and repeated games. The course then delves into input market theory, covering the demand and supply of inputs, wage determination, and labor market issues. It applies these concepts to analyze real-world phenomena such as the minimum wage, Social Security, immigration, and sports economics. The final section examines market efficiency, reasons for government intervention, and policy approaches to addressing externalities and providing public goods. Throughout, the course emphasizes the application of economic theory to practical policy issues and business strategies.
Week 9 - Product Pricing With Monopoly Power
Module 1 · 2 Hours to complete
Week 10 - Monopolistic Competition and Oligopoly
Module 2 · 1 Hours to complete
Week 11 - The Market for Inputs
Module 3 · 1 Hours to complete
Week 12 - Can Government Intervention Improve Market Outcomes?
Module 4 · 2 Hours to complete
Fee Structure
Payment options
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Instructor
Leadership in Business Education and Expertise in Economics
Dean Zupan has led the Simon School of Business since January 2004, overseeing its academic and administrative functions while advocating for faculty, students, and programs in the business community. Prior to Simon, Zupan served as Dean of the Eller College of Management at the University of Arizona, where he drove innovation, community outreach, and fundraising success. His academic career includes teaching positions at the University of Southern California, Harvard, and Dartmouth. Zupan’s research spans water policy, political economy, and industrial organization. He has co-authored influential books and published widely in leading economic journals. Zupan holds a BA in Economics from Harvard and a PhD in Economics from MIT.
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4.8 course rating
36 ratings
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