Topic 1-4 - Topic 1: The Non-Market Business Environment:...

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Topic 1: The Non-Market Business Environment: A. Corporate Social Responsibility (CSR) i. Non-market versus market stakeholders. ii. Meaning of Strategic CSR iii. Non-market forces on the firm B. Market Forces i. Demand ii. Supply C. Market equilibrium and social efficiency. i. Laws governing the socially efficient output level (Qe) ii. Inefficiency below Qe. iii. Inefficiency beyond Qe. iv. Efficiency and Public Policy. D. The effect of taxes. i. Effects on Price, Output, CS, and PS. ii. Efficiency implications. E. Laffer Curve: relationship between the tax rate, tax base, and tax revenue. F. The Effects of Subsidies. i. Effects on Price, Output, CS, and PS. ii. Efficiency implications. G. The effect of productive regulation i. Effects on Price, Output, CS, and PS. ii. Efficiency implications. H. Non-market Strategy: Outcomes versus Process. I. Readings: i. REQUIRED: “Wal-Mart’s Business Environment” ii. OPTIONAL: “The analysis of competitive markets” and “Tax Rates, Tax Revenues, and the Laffer Curve”
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This note was uploaded on 04/24/2011 for the course ECON 101 taught by Professor Brentkreider during the Spring '07 term at Iowa State.

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Topic 1-4 - Topic 1: The Non-Market Business Environment:...

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