Welfare loss due to monopoly d price discrimination e

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Welfare loss due to monopoly D. Price discrimination E. The Anti-trust laws Class Discussion F. Natural Monopoly Required Reading: (1) Mankiw, Ch. 15 EXAM TWO: FRIDAY, APRIL 13 APLIA DUE: Friday April 13. Chapter 14, Chapter 15. IV Monopolistic Competition (M April 16 – W. April 18) A. Definition and characteristics of monopolistic competition B. Profit maximization in monopolistic competition C. Advertising D. A Note on Friedrich Hayek and John Galbraith Required Reading: (2) Mankiw, Ch. 16 APLIA DUE: Friday, April 20. Chapter 16 IV. Oligopoly (F April 20 – M April 23) A. Definition and characteristics B. Profit Maximization C. Game Theory Class Discussion D. Prisoner’s Dilemma Required Reading: (1) Mankiw, Ch. 17 APLIA DUE: Friday April 27, Chapter 17
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Microeconomic Analysis (4 credits) Econ 1310 Section 02 PART SIX: ADDITIONAL TOPICS IN MICROECONOMICS I. Income Inequality and Poverty (W April 25 – F April 27) A. Definition and Measurement of Poverty B. Definition and Measurement of Income Inequality C. Causes of Poverty Class Discussion D. Causes of Inequality Class Discussion E. Policies to Reduce Poverty Class Discussion F. Policies to Reduce Income Inequality Class Discussion Required Reading: (1) Mankiw, Ch. 20 (2) Census Bureau. (2015) “Statistics on Poverty.” (3) TBA II. Earnings and Discrimination (W May 2 – F May 5) A. What Determines Wages? B. Human capital C. Signaling D. Efficiency wages E. Discrimination Class Discussion F. Public policy G. Labor Unions Class Discussion Required Reading: (1) Mankiw, Ch. 19 III. The theory of consumer choice (M May 7) A. Indifference curves B. Consumer optimization C. Income and Substitution Effects D. Deriving the demand curve E. A brief note on Stanley Jevons and the development of neoclassical economics F. Illustrations and applications Required Reading: (1) Mankiw, Ch. 21 IV. Course Wrap-Up and Evaluation (W May 9 – F May 11) A. Course Wrap-Up B. Evaluation C. Review for Final D. Frontiers of Macroeconomics
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Microeconomic Analysis (4 credits) Econ 1310 Section 02 Required Reading: (1) Mankiw, Ch. 22 APLIA DUE: FRIDAY, May 11. Chapter 20, Chapter 19, Chapter 21 SYLLABUS PART TWO: GENERAL COURSE INFORMATION HSB MISSION STATEMENT: The Hamline School of Business is an inclusive community dedicated to the professional and personal development of our students, faculty and staff and to the advancement of the common good. We achieve our mission through teaching excellence, the integration of theory and practice, and the engagement of our stakeholders to address complex issues facing the business, government and non-profit sectors. We see our mission firmly rooted within the values of the Hamline University. COURSE EVALUATION: As a research and learning community, Hamline School of Business is committed to continuous improvement. The faculty strongly encourages students to provide complete and honest feedback for this course. Please take this activity seriously because we depend on your feedback to help us improve so you and your colleagues will benefit. Information on how to complete the evaluation will be provided towards the end of the course.
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