Markets with Frictions

Offered By: University of Wisconsin–Madison via Coursera

Course Description

Overview

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 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, and why do we use money?

Taught by

Randall Wright

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