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.
The Power of Markets II: Market Structure and Firm Behavior
от партнера
University of Rochester
Программа курса: что вы изучите
Неделя
1Week 5 - Production
The Production Process: How Firms Convert Inputs into Final Outputs.
8 videos (Total 57 min), 1 тест
8 видео
Total, Average, and Marginal Product Curves 7мин
The Law of Diminishing Marginal Returns 4мин
Production in the Long Run 5мин
Trading Off Inputs in Production 5мин
Returns to Scale 7мин
Short-run Cost of Production7мин
The Relationship Between Cost Curves 11мин
1 практическое упражнение
Week 5 Quiz40мин
Неделя
2Week 6 - Cost Minimization
How Firms Minimize the Cost of Producing Output.
9 videos (Total 87 min), 1 тест
9 видео
The Golden Rule of Cost Minimization 11мин
Applying the Golden Rule of Cost Minimization14мин
Long Run Cost Curves13мин
The Importance of Cost Curves to Market Structure and Efforts to Abate Pollution 8мин
Perfect Competition: Key Assumptions6мин
Short-run Profit Maximization 4мин
The Competitive Firm’s Short-Run Supply Curve and the Shutdown Condition 12мин
Output Response to Input Price Changes5мин
1 практическое упражнение
Week 6 Quiz40мин
Неделя
3Week 7 - Profit Maximization in Perfectly Competitive Markets
How Firms Maximize Profits in Perfectly Competitive Markets.
10 videos (Total 92 min), 1 тест
10 видео
Long-run Competitive Equilibrium 10мин
The Long-run Industry Supply Curve 12мин
Key Points About the Long-run Industry Supply Curve 9мин
Producer Surplus 3мин
Competition Maximizes Total Surplus 9мин
Who Bears the Burden of Excise Taxes?14мин
The Deadweight Loss of Excise Taxes 5мин
City Taxicab Markets 7мин
The Net Gains From Trade 11мин
1 практическое упражнение
Week 7 Quiz40мин
Неделя
4Week 8 - Monopoly Power: Its Sources and How to Use It
The Sources and Uses of Monopoly Power.
10 videos (Total 95 min), 1 тест
10 видео
Monopoly and Profit Maximization 5мин
Monopoly Price and Its Relationship to Elasticity of Demand 8мин
Further Implications of Monopoly Analysis 11мин
The Measurement and Sources of Monopoly Power 5мин
The Sources of Monopoly Power 11мин
The Efficiency Effects of Monopoly8мин
Public Policy Toward Monopoly 11мин
Price Discrimination 12мин
Three Necessary Conditions for Price Discrimination 12мин
1 практическое упражнение
Week 8 Quiz40мин
4.5
Рецензии: 12Лучшие рецензии
автор: RS•Feb 26th 2018
This course is indeed a helpful one and has helped me to understand the Market Structure in a very eminent way.
автор: JT•Feb 22nd 2016
Excellent course. Well worth the effort Looking forward to Part III.
Преподаватель
Mark Zupan
Professor of Economics and Public PolicySimon School of Business
О 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.
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