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\nDynamic Efficiency in Market Structures\n

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\nThe speaker discusses dynamic efficiency in this lecture video. He explains the difference between static efficiency and dynamic efficiency and provides examples of how they can be applied to analyze industries. He describes the three...\nThe speaker discusses dynamic efficiency in this lecture video. He explains the difference between static efficiency and dynamic efficiency and provides examples of how they can be applied to analyze industries. He describes the three main areas that contribute to dynamic efficiency: research and development spending, investment in human capital, and greater competition in markets. Finally, he analyzes four main market structures (perfect competition, monopoly, monopolistic competition, and oligopoly) to determine whether they appear to be dynamically efficient or not.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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14:36
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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economics, markets, human capital, competition
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Additional Tags

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a-level, lectures, micro, imperfectly, compeitive, 7.8c, dynamic, efficiency, supernormal profit, dynamic efficiency, video lecture, highly protected, short run, marginal cost, static efficiency, production techniques, production processes, long run, perfect knowledge, monopolistic competition, perfect competition, productive efficiency, allocative efficiency, high degree, process innovation, monopoly market, product innovation, monopoly, productive, product, development, allocative, market, period, high, overtime
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Classroom Considerations

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Best For: Explaining a topic
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Dynamic Efficiency in Market Structures\" href=\"/subscription/new\">\"Dynamic\n\n
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