Markets with Frictions

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Coursera
Free Online Course (Audit)
English
Certificate Available
6 weeks long, 4-6 hours a week
selfpaced

Overview

The classical economic theory of markets cannot account for some importantissues, such as the coexistence of unemployment and vacancies; credit marketrationing; or bubbles in asset prices. This course will exploremarkets with frictions, shedding light on these issues and other fundamentalquestions such as: What is a bank, and why do we use money?


Taught by

Randall Wright

Tags

usa