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intro - 30 Final exam 70 Exams Midterm 1 April 22 Midterm 2...

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Introduction
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How do firms behave? Pricing Scale: capacity and output choice Entry/exit to markets Product choices Advertising Investment and R&D Other strategic choices: Mergers Tying Vertical restraints (e.g. exclusive dealing)
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Interaction between firms and market outcomes Models of interaction: Perfect competition Monopoly Oligopoly Market structure: Market size How many firms Concentration Market power Welfare: economic surplus
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Methods Economic analysis Microeconomics Game theory
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Schedule and requirements Requirements : The course will have 2 midterms and a final exam. The final grade is computed as follows: weight Midterms (best of 2)
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Unformatted text preview: 30% Final exam 70% Exams : Midterm 1: April 22 Midterm 2: May 20 Final: June 7, 11:30 – 2:30 Games : In the second part of the course (Oligopoly) we will divide the class in groups of 3 to play a set of strategic games. At the end of the class there will be a lottery where each team will get number of tickets proportional to the profits made in these games. The members of the team that win the lottery will get their grades increased by one step (this does not apply to failing grades.) Office hours: Tue 3:30-4:30 and Thu 1-2 pm, Bunche 9353 Emails: Unless it is personal, please send to discussion board on main webpage!...
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