Lecture

Market Equilibrium: Efficiency and Regulation

In course

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Description

This lecture covers the equilibrium of free competitive markets, the effects of minimum and maximum prices, demand and supply shocks, and the interpretation of the gasoline market since 1975. It also discusses the normative quality of market equilibrium, price regulation, the impact of demand and supply shifts, and the relationship between social welfare and market equilibrium.

Instructors (3)

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Official source

https://mediaspace.epfl.ch/media/0_gawotc1q

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Ontological neighbourhood

Economics

Macroeconomics: Markets

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