Об этом курсе: 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.
Автор: University of Rochester
Преподаватели: Mark Zupan, Professor of Economics and Public Policy
Simon School of Business
| Выполнение | 3-5 hours/week |
| Язык | English |
| Как пройти курс | Чтобы пройти курс, выполните все оцениваемые задания. |
| Оценки пользователей |
Программа курса
НЕДЕЛЯ 1
Week 5 - Production
The Production Process: How Firms Convert Inputs into Final Outputs.
8 видео
- Видео: Total, Average, and Marginal Product Curves
- Видео: The Law of Diminishing Marginal Returns
- Видео: Production in the Long Run
- Видео: Trading Off Inputs in Production
- Видео: Returns to Scale
- Видео: Short-run Cost of Production
- Видео: The Relationship Between Cost Curves
Оцениваемый: Week 5 Quiz
НЕДЕЛЯ 2
Week 6 - Cost Minimization
How Firms Minimize the Cost of Producing Output.
9 видео
- Видео: The Golden Rule of Cost Minimization
- Видео: Applying the Golden Rule of Cost Minimization
- Видео: Long Run Cost Curves
- Видео: The Importance of Cost Curves to Market Structure and Efforts to Abate Pollution
- Видео: Perfect Competition: Key Assumptions
- Видео: Short-run Profit Maximization
- Видео: The Competitive Firm’s Short-Run Supply Curve and the Shutdown Condition
- Видео: Output Response to Input Price Changes
Оцениваемый: Week 6 Quiz
НЕДЕЛЯ 3
Week 7 - Profit Maximization in Perfectly Competitive Markets
How Firms Maximize Profits in Perfectly Competitive Markets.
10 видео
- Видео: Long-run Competitive Equilibrium
- Видео: The Long-run Industry Supply Curve
- Видео: Key Points About the Long-run Industry Supply Curve
- Видео: Producer Surplus
- Видео: Competition Maximizes Total Surplus
- Видео: Who Bears the Burden of Excise Taxes?
- Видео: The Deadweight Loss of Excise Taxes
- Видео: City Taxicab Markets
- Видео: The Net Gains From Trade
Оцениваемый: Week 7 Quiz
НЕДЕЛЯ 4
Week 8 - Monopoly Power: Its Sources and How to Use It
The Sources and Uses of Monopoly Power.
10 видео
- Видео: Monopoly and Profit Maximization
- Видео: Monopoly Price and Its Relationship to Elasticity of Demand
- Видео: Further Implications of Monopoly Analysis
- Видео: The Measurement and Sources of Monopoly Power
- Видео: The Sources of Monopoly Power
- Видео: The Efficiency Effects of Monopoly
- Видео: Public Policy Toward Monopoly
- Видео: Price Discrimination
- Видео: Three Necessary Conditions for Price Discrimination
Оцениваемый: Week 8 Quiz
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Авторы
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.
Рейтинги и отзывы
This course is indeed a helpful one and has helped me to understand the Market Structure in a very eminent way.
Everything was perfectly clear
Thank you so much! This subject is very essential for marketer
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The best courses in Coursera, i greatly appreciate the hard work by Professor Zupan, a happy man from China.