Perfect markets achieve efficiency: maximizing total surplus generated. But real markets are imperfect. In this course we will explore a set of market imperfections to understand why they fail and to explore possible remedies including as antitrust policy, regulation, government intervention. Examples are taken from everyday life, from goods and services that we all purchase and use. We will apply the theory to current events and policy debates through weekly exercises. These will empower you to be an educated, critical thinker who can understand, analyze and evaluate market outcomes.
Microeconomics: When Markets Failペンシルベニア大学（University of Pennsylvania）
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MICROECONOMICS: WHEN MARKETS FAIL からの人気レビュー
I followed on to this course after completing Part I. It is a very well-designed succinct course.
Learnt so much from this course has helped me reinforce some ideas I had already from microeconomics.
Very helpful and informative class.... liked the challenge of getting my microeconomics view back in order...
Excellent course by Prof. Stein. One of the best, I have seen. Thanks for such a brilliant course.