Chapter 3: Market Structure and Market Power
Learning Objectives:
Students should learn to:
1.
Explain the following measures of structure, how they are used to categorize various
industries, and some of the shortcomings of the measures.
a. Concentration
Chapter 9: Static Games and Cournot Competition
Learning Objectives:
Students should learn to:
1. The student should understand the ideas of strategic interdependence and reasoning
strategically and be able to apply them to economic models of market behav
Chapter 11: Dynamic Games and First and Second Movers
Learning Objectives
Students should learn to:
1. Extend the reaction function ideas developed in the Cournot duopoly model to a model of
sequential behavior due to Stackelberg.
2. Explain the differenc
Chapter 2: Basic Microeconomics
Learning Objectives:
Students should learn to:
1. Explain the characteristics of perfect competition, and the concept of short run versus
long run.
2. Explain the following, compute them algebraically, and display them grap
Chapter 6: Price Discrimination and Monopoly: Nonlinear Pricing
Learning Objectives:
Students should learn to:
1. Differentiate the three types of price discrimination.
2. Explain graphically, in words, and algebraically how a monopolist can extract surpl
Chapter 10: Oligopolistic
Price Competition
Learning Objectives
Students should learn to:
1. Understand the logic behind the Bertrand model of price competition, the idea of
discontinuous reaction functions, how to solve a simple Bertrand duopoly model, a
Chapter 4: Technology and Cost
Learning Objectives:
Students should learn to:
1. Understand the differences between the neoclassical (technological) view of the firm and
other views related to agency theory, transactions costs, incomplete contracts, and
r
Chapter 8: Commodity Bundling and Tie-in-Sales
Learning Objectives:
Students should learn to:
1. Distinguish commodity bundling (fixed proportions) from tie-in sales (variable
proportions).
2. Explain intuitively the rationale for commodity bundling.
3. A
Chapter 5: Price Discrimination and Monopoly: Linear Pricing
Learning Objectives:
Students should learn to:
1. Define and explain the differences between uniform pricing and price discrimination.
2. Explain the conditions that must exist for a firm to pra
Chapter 1: Industrial Organization: What, How and Why?
Learning Objectives:
Students should learn:
Description of Industrial Organization
1. The Nature of Industrial Organization.
2. The motivation for formal analysis of imperfect competition.
3. A brief
Chapter 7: Product Variety and Quality under Monopoly
Learning Objectives:
Students should learn to:
1. Distinguish vertical from horizontal product differentiation.
2. Interpret physical space and distance as distance in product space in defining a spati