Oct 30th 2013

Markets with Frictions (Coursera)

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This course explores markets with frictions. The goal is to sharpen our economic reasoning, add a few twists that you are unlikely to have seen in other courses, and apply the methods to interesting phenomena. This should improve the way you think analytically about the economy, and help address interesting issues that come up in the world of business.

The classical economic theory of markets cannot account for some important issues, such as the coexistence of unemployment and vacancies; credit market rationing; or bubbles and crashes in asset prices. This course will explore markets with frictions, shedding light on these issues and other fundamental questions such as: What is a bank, why do we use money, and how do organizations like firms or families emerge?

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