In order to maximize profits, firms must ensure that any given output level is produced at least cost and then select the price-output combination that results in total revenue exceeding total cost by the greatest amount possible. With this in mind, this second module of the Power of Markets course addresses how firms can most effectively convert inputs into final output and then covers determining the best price-output combination for a firm and how this varies depending on whether the firm is operating in a perfectly competitive or imperfectly competitive market setting.
O poder dos mercados II: estrutura dos mercados e comportamento das empreas
oferecido por
Universidade de Rochester
Programa - O que você aprenderá com este curso
Semana
12 horas para concluir
Week 5 - Production
The Production Process: How Firms Convert Inputs into Final Outputs.
8 vídeos (total de (Total 57 mín.) min), 1 teste
8 videos
Total, Average, and Marginal Product Curves 7min
The Law of Diminishing Marginal Returns 4min
Production in the Long Run 5min
Trading Off Inputs in Production 5min
Returns to Scale 7min
Short-run Cost of Production7min
The Relationship Between Cost Curves 11min
1 exercício prático
Week 5 Quiz40min
Semana
22 horas para concluir
Week 6 - Cost Minimization
How Firms Minimize the Cost of Producing Output.
9 vídeos (total de (Total 87 mín.) min), 1 teste
9 videos
The Golden Rule of Cost Minimization 11min
Applying the Golden Rule of Cost Minimization14min
Long Run Cost Curves13min
The Importance of Cost Curves to Market Structure and Efforts to Abate Pollution 8min
Perfect Competition: Key Assumptions6min
Short-run Profit Maximization 4min
The Competitive Firm’s Short-Run Supply Curve and the Shutdown Condition 12min
Output Response to Input Price Changes5min
1 exercício prático
Week 6 Quiz40min
Semana
32 horas para concluir
Week 7 - Profit Maximization in Perfectly Competitive Markets
How Firms Maximize Profits in Perfectly Competitive Markets.
10 vídeos (total de (Total 92 mín.) min), 1 teste
10 videos
Long-run Competitive Equilibrium 10min
The Long-run Industry Supply Curve 12min
Key Points About the Long-run Industry Supply Curve 9min
Producer Surplus 3min
Competition Maximizes Total Surplus 9min
Who Bears the Burden of Excise Taxes?14min
The Deadweight Loss of Excise Taxes 5min
City Taxicab Markets 7min
The Net Gains From Trade 11min
1 exercício prático
Week 7 Quiz40min
Semana
42 horas para concluir
Week 8 - Monopoly Power: Its Sources and How to Use It
The Sources and Uses of Monopoly Power.
10 vídeos (total de (Total 95 mín.) min), 1 teste
10 videos
Monopoly and Profit Maximization 5min
Monopoly Price and Its Relationship to Elasticity of Demand 8min
Further Implications of Monopoly Analysis 11min
The Measurement and Sources of Monopoly Power 5min
The Sources of Monopoly Power 11min
The Efficiency Effects of Monopoly8min
Public Policy Toward Monopoly 11min
Price Discrimination 12min
Three Necessary Conditions for Price Discrimination 12min
1 exercício prático
Week 8 Quiz40min
Melhores avaliações
This course is indeed a helpful one and has helped me to understand the Market Structure in a very eminent way.
Excellent course. Well worth the effort Looking forward to Part III.
Instrutores
Mark Zupan
Professor of Economics and Public PolicySimon School of Business
Sobre Universidade de 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.
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