The Power of Markets III: Input Markets and Promoting Efficiency
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The Power of Markets III: Input Markets and Promoting Efficiency
University of Rochester
课程信息
4.8
20 ratings
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.
教学大纲 - 您将从这门课程中学到什么
1
章节
Week 9 - Product Pricing With Monopoly Power
Price Discrimination. Firm Behavior in Cases of Monopolistic Competition and Oligopoly.
10 个视频（共 112 分钟）, 1 个测验
10 个视频
Two-Part Tariffs 14分钟
Monopolistic Competition7分钟
Oligopoly and the Cournot Model12分钟
The Dominant Firm Model10分钟
Cartels and Collusion11分钟
OPEC 9分钟
Game Theory10分钟
Prisoner’s Dilemma12分钟
Repeated Games 9分钟
1 个练习
Week 9 Quiz40分钟
2
章节
Week 10 - Monopolistic Competition and Oligopoly
Imperfect Information. The Efficiency Effects of Monopoly. Firm, Industry, and Market Demand for an Input.
9 个视频（共 79 分钟）, 1 个测验
9 个视频
Adverse Selection and Moral Hazard 10分钟
Limited Price Information and Advertising5分钟
The Size of the Deadweight Loss of Monopoly8分钟
Do Monopolies Suppress Innovations?6分钟
Natural Monopoly7分钟
More on Game Theory: Iterated Dominance and Commitment10分钟
The Input Demand Curve of a Competitive Firm10分钟
Industry and Market Demand Curves for an Input 7分钟
1 个练习
Week 10 Quiz40分钟
3
章节
Week 11 - The Market for Inputs
The Supply of Inputs and the Determination of Input Prices.
10 个视频（共 70 分钟）, 1 个测验
10 个视频
Industry Determination of the Price and Employment of Inputs6分钟
Input Price Determination in a Multi-Industry Market5分钟
Input Demand and Employment by an Output Market Monopoly4分钟
Monopsony in Input Markets 5分钟
The Income-Leisure Choice of the Worker 5分钟
The Supply of Hours of Work 11分钟
The General Level of Wage Rates and Why Wages Differ 9分钟
Economic Rent 3分钟
Monopoly Power in Input Markets: Unions9分钟
1 个练习
Week 11 Quiz40分钟
4
章节
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.
10 个视频（共 95 分钟）, 1 个测验
10 个视频
The Minimum Wage14分钟
Who Really Pays for Social Security? 8分钟
The NCAA Cartel11分钟
The Benefits and Costs of Immigration 8分钟
Three Conditions for Economic Efficiency7分钟
Reasons for Government Intervention8分钟
Externalities and Public Goods10分钟
Externalities11分钟
Externalities and Property Rights6分钟
Controlling Pollution, Revisited 8分钟
1 个练习
Week 12 Quiz40分钟
讲师
Mark Zupan
Professor of Economics and Public PolicySimon School of Business
关于 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.
常见问题
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Is financial aid available?
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