In markets, prices act as rationing devices, encouraging or discouraging production and consumption to find an equilibrium. In this course, you will learn to construct demand curves to capture consumer behavior and supply curves to capture producer behavior. The resulting equilibrium price “rations” the scarce commodity. Additionally, the course examines the ways in which markets are subject government intervention and the impacts of these interventions.
This course is part of the Managerial Economics and Business Analysis Specialization
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TOP REVIEWS FROM FIRM LEVEL ECONOMICS: MARKETS AND ALLOCATIONS
I really enjoyed the two Firm Level Economics courses. Really help me refreshing my knowledge and better understand key concepts of Microeconomics dynamics.
Professor Larry is exceptional. He has a deep understanding of the subject and an effective teaching style. I am honored to take his course.
Great course taught by a well-experienced Prof Larry Debrock, assisted by an enviable Prof Vlad, who brought a lot dynamism into the course.
wonderfull experience to learn about firm level economics with Larry one of the best sir who taught me in a very easy way thank you
About the Managerial Economics and Business Analysis Specialization
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