ECON 333               PART III

 

 

 

(Lecture 1)                                                           

CH 8(1) MONOPOLY

1. Characteristics

2. Profit Maximization

        3. Loss Minimization

       

(Lecture 2)   

CH 8(2)  MONOPOLY

1.   Welfare Analysis

2.   Other Effects of Monopoly

3.   Cost-Plus (or Markup) Price

4.   Price Discrimination (Supplement)

                                                         

(Lecture 3)

CH 8(3) UTILITY REGULATIONS

1.   Cartel

2.   Utility Regulations

3.   Utility Pricing Policy

 

(Lecture 4)

CH 8(4) & 9(1) OLIGOPOLY

1.   Monopolistic Competition

2.   Market Adjustment

3.   Oligopoly

4.   Measure of Non-Competion

 

(Lecture 5)

CH 9(2) OLIGOPOLY MODEL

1.   Price Leadership

2.   Pricing Joint Products (Supplement)

 

 

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(Lecture 6)

CH 9(3) PRICING POLICY

        1. Price Rigidity

        2. Product Bundling

        3. Product Tying

        4. Why Coupons?

 

(Lecture 7)

CH 11(1) GOVERMENT’S ROLE

        1. Effects of Monopoly

        2. Government’s Response

        3. Externalities

        4. Correcting Externalities

 

(Lecture 8)

CH 11(2)  GOVERNMENT’S ROLE

1.   Optimal Cleanup

2.   Implementation

3.   Market for Pollution Rights

4.   Public Goods

 

READINGS:  PP. 439-452 (for case studies)

  These readings will be included in the final.

 

 (Lecture 9)                                                           

         Study Guideline, Part III