À propos de ce cours
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The final module of the Power of Markets course begins by further exploring firm behavior in imperfectly competitive market settings: how firms with monopoly power can increase profits through price discrimination; and the price-output combinations we can expect firms to select in cases of monopolistic competition and oligopoly. We will also analyze monopolies from an efficiency perspective and look at the effects of imperfect information on firm and consumer behavior. We will next turn to exploring input markets and what determines the demand for an input by a firm, an industry, and the overall market. We will also look at the factors that affect input supply and how the supply of an input interacts with demand to determinant input prices. We will use input market theory to analyze institutions and government policies such as the NCAA sports cartel, the minimum wage, Social Security, and immigration. Finally, we will address the concept of market efficiency and what government can do to promote it as well as how government intervention may diminish it....
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Dates limites flexibles

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Clock

Recommandé : 3-5 hours/week

Approx. 10 heures pour terminer
Comment Dots

English

Sous-titres : English
Globe

Cours en ligne à 100 %

Commencez dès maintenant et apprenez aux horaires qui vous conviennent.
Calendar

Dates limites flexibles

Réinitialisez les dates limites selon votre disponibilité.
Clock

Recommandé : 3-5 hours/week

Approx. 10 heures pour terminer
Comment Dots

English

Sous-titres : English

Programme du cours : ce que vous apprendrez dans ce cours

1

Section
Clock
3 heures pour terminer

Week 9 - Product Pricing With Monopoly Power

Price Discrimination. Firm Behavior in Cases of Monopolistic Competition and Oligopoly....
Reading
10 vidéos (Total 112 min), 1 quiz
Video10 vidéos
Two-Part Tariffs 14 min
Monopolistic Competition7 min
Oligopoly and the Cournot Model12 min
The Dominant Firm Model10 min
Cartels and Collusion11 min
OPEC 9 min
Game Theory10 min
Prisoner’s Dilemma12 min
Repeated Games 9 min
Quiz1 exercice pour s'entraîner
Week 9 Quiz40 min

2

Section
Clock
2 heures pour terminer

Week 10 - Monopolistic Competition and Oligopoly

Imperfect Information. The Efficiency Effects of Monopoly. Firm, Industry, and Market Demand for an Input....
Reading
9 vidéos (Total 79 min), 1 quiz
Video9 vidéos
Adverse Selection and Moral Hazard 10 min
Limited Price Information and Advertising5 min
The Size of the Deadweight Loss of Monopoly8 min
Do Monopolies Suppress Innovations?6 min
Natural Monopoly7 min
More on Game Theory: Iterated Dominance and Commitment10 min
The Input Demand Curve of a Competitive Firm10 min
Industry and Market Demand Curves for an Input 7 min
Quiz1 exercice pour s'entraîner
Week 10 Quiz40 min

3

Section
Clock
2 heures pour terminer

Week 11 - The Market for Inputs

The Supply of Inputs and the Determination of Input Prices....
Reading
10 vidéos (Total 70 min), 1 quiz
Video10 vidéos
Industry Determination of the Price and Employment of Inputs6 min
Input Price Determination in a Multi-Industry Market5 min
Input Demand and Employment by an Output Market Monopoly4 min
Monopsony in Input Markets 5 min
The Income-Leisure Choice of the Worker 5 min
The Supply of Hours of Work 11 min
The General Level of Wage Rates and Why Wages Differ 9 min
Economic Rent 3 min
Monopoly Power in Input Markets: Unions9 min
Quiz1 exercice pour s'entraîner
Week 11 Quiz40 min

4

Section
Clock
2 heures pour terminer

Week 12 - Can Government Intervention Improve Market Outcomes?

Using Input Market Theory to Analyze the Minimum Wage, Social Security,Immigration, and the NCAA. Promoting Market Efficiency and Why Government Intervention in Markets May be Justified. ...
Reading
10 vidéos (Total 95 min), 1 quiz
Video10 vidéos
Who Really Pays for Social Security? 8 min
The NCAA Cartel11 min
The Benefits and Costs of Immigration 8 min
Three Conditions for Economic Efficiency7 min
Reasons for Government Intervention8 min
Externalities and Public Goods10 min
Externalities11 min
Externalities and Property Rights6 min
Controlling Pollution, Revisited 8 min
Quiz1 exercice pour s'entraîner
Week 12 Quiz40 min

Enseignant

Mark Zupan

Professor of Economics and Public Policy
Simon School of Business

À propos de University of Rochester

The University of Rochester is one of the nation's leading private universities. Located in Rochester, N.Y., the University provides exceptional opportunities for interdisciplinary study and close collaboration with faculty through its unique cluster-based curriculum. Its College, School of Arts and Sciences, and Hajim School of Engineering and Applied Sciences are complemented by its Eastman School of Music, Simon School of Business, Warner School of Education, Laboratory for Laser Energetics, School of Medicine and Dentistry, School of Nursing, Eastman Institute for Oral Health, and the Memorial Art Gallery....

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