Informações sobre o curso
4.8
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The final module of the Power of Markets course begins by further exploring firm behavior in imperfectly competitive market settings: how firms with monopoly power can increase profits through price discrimination; and the price-output combinations we can expect firms to select in cases of monopolistic competition and oligopoly. We will also analyze monopolies from an efficiency perspective and look at the effects of imperfect information on firm and consumer behavior. We will next turn to exploring input markets and what determines the demand for an input by a firm, an industry, and the overall market. We will also look at the factors that affect input supply and how the supply of an input interacts with demand to determinant input prices. We will use input market theory to analyze institutions and government policies such as the NCAA sports cartel, the minimum wage, Social Security, and immigration. Finally, we will address the concept of market efficiency and what government can do to promote it as well as how government intervention may diminish it....
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Prazos flexíveis

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Clock

Sugerido: 3-5 hours/week

Aprox. 10 horas restantes
Comment Dots

English

Legendas: English
Globe

cursos 100% online

Comece imediatamente e aprenda em seu próprio cronograma.
Calendar

Prazos flexíveis

Redefinir os prazos de acordo com sua programação.
Clock

Sugerido: 3-5 hours/week

Aprox. 10 horas restantes
Comment Dots

English

Legendas: English

Programa - O que você aprenderá com este curso

1

Seção
Clock
3 horas para concluir

Week 9 - Product Pricing With Monopoly Power

Price Discrimination. Firm Behavior in Cases of Monopolistic Competition and Oligopoly....
Reading
10 vídeos (Total de 112 min), 1 teste
Video10 videos
Two-Part Tariffs 14min
Monopolistic Competition7min
Oligopoly and the Cournot Model12min
The Dominant Firm Model10min
Cartels and Collusion11min
OPEC 9min
Game Theory10min
Prisoner’s Dilemma12min
Repeated Games 9min
Quiz1 exercício prático
Week 9 Quiz40min

2

Seção
Clock
2 horas para concluir

Week 10 - Monopolistic Competition and Oligopoly

Imperfect Information. The Efficiency Effects of Monopoly. Firm, Industry, and Market Demand for an Input....
Reading
9 vídeos (Total de 79 min), 1 teste
Video9 videos
Adverse Selection and Moral Hazard 10min
Limited Price Information and Advertising5min
The Size of the Deadweight Loss of Monopoly8min
Do Monopolies Suppress Innovations?6min
Natural Monopoly7min
More on Game Theory: Iterated Dominance and Commitment10min
The Input Demand Curve of a Competitive Firm10min
Industry and Market Demand Curves for an Input 7min
Quiz1 exercício prático
Week 10 Quiz40min

3

Seção
Clock
2 horas para concluir

Week 11 - The Market for Inputs

The Supply of Inputs and the Determination of Input Prices....
Reading
10 vídeos (Total de 70 min), 1 teste
Video10 videos
Industry Determination of the Price and Employment of Inputs6min
Input Price Determination in a Multi-Industry Market5min
Input Demand and Employment by an Output Market Monopoly4min
Monopsony in Input Markets 5min
The Income-Leisure Choice of the Worker 5min
The Supply of Hours of Work 11min
The General Level of Wage Rates and Why Wages Differ 9min
Economic Rent 3min
Monopoly Power in Input Markets: Unions9min
Quiz1 exercício prático
Week 11 Quiz40min

4

Seção
Clock
2 horas para concluir

Week 12 - Can Government Intervention Improve Market Outcomes?

Using Input Market Theory to Analyze the Minimum Wage, Social Security,Immigration, and the NCAA. Promoting Market Efficiency and Why Government Intervention in Markets May be Justified. ...
Reading
10 vídeos (Total de 95 min), 1 teste
Video10 videos
Who Really Pays for Social Security? 8min
The NCAA Cartel11min
The Benefits and Costs of Immigration 8min
Three Conditions for Economic Efficiency7min
Reasons for Government Intervention8min
Externalities and Public Goods10min
Externalities11min
Externalities and Property Rights6min
Controlling Pollution, Revisited 8min
Quiz1 exercício prático
Week 12 Quiz40min

Instrutores

Mark Zupan

Professor of Economics and Public Policy
Simon School of Business

Sobre University of Rochester

The University of Rochester is one of the nation's leading private universities. Located in Rochester, N.Y., the University provides exceptional opportunities for interdisciplinary study and close collaboration with faculty through its unique cluster-based curriculum. Its College, School of Arts and Sciences, and Hajim School of Engineering and Applied Sciences are complemented by its Eastman School of Music, Simon School of Business, Warner School of Education, Laboratory for Laser Energetics, School of Medicine and Dentistry, School of Nursing, Eastman Institute for Oral Health, and the Memorial Art Gallery....

Perguntas Frequentes – FAQ

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