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Elemental Economics

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Elemental Economics

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Dr. Harry Hillman Chartrand, PhD

Cultural Economist & Publisher

Compiler Press

©

h.h.chartrand@compilerpress.ca

215 Lake Crescent

Saskatoon, Saskatchewan

Canada, S7H 3A1
 

Curriculum Vitae

 

Launched  1998

 

 

NEWS    May 7, 2014 

MBA 7003

INTRODUCTION TO INDUSTRIAL ORGANIZATION

Winter 2014

Syllabus

 

0.0 Introduction

The IO Framework

Exhibit 1: Journal of Economic Literature

           Classification L: Industrial Organization

Exhibit 2: Industrial Organization Framework

Glossary

 

1.0 Basic Conditions

1.1 Demand

Utility Function

Utility

Indifference Curve

Budget Constraint

Goods

Prices

Income/Work

Constraint

Equilibrium

Income Consumption & Engels Curves

Price Consumption & Demand Curves

Elasticity

IO Issues

 

1.2 Supply

Production Function

Very Short Run

Short Run

Long Run

Expansion Path

Factors of Production

Capital

Labour

Natural Resources

Total, Average & Marginal Product

Costs

Opportunity Cost

Fixed, Variable & Total

Average, Marginal & Total

Supply Curve

Shut Down

Break Even

Elasticity

Technology

Creative Destruction & the Solow Residual

Disembodied/Embodied Endogenous//Exogenous

      Disruptive/Enabling

Economies of Scale & Scope

External Economies

Knowledge Domains & Practices

Team Economies

Transaction Costs & Outsourcing

IO Issues

 

1st Midterm

April 16, 2014

30 questions/45 minutes

parts of Ch. 6, 7, 8 & 9

Class continues after 15 min. break

 

2.0 Structure

2.1 Market

Market Demand & Supply Curves

Economic Surplus

Consumer

Producer

2.2 Perfect Competition

Anonymity

No Market Power

Perfect Knowledge

Free Entry & Exit

2.3 Monopolistic Competition

Market Niche/Segment

Market Power

Perfect Knowledge

Free Entry & Exit

2.4 Monopoly/Monopsony

One Seller/Buyer

Market Power

Perfect Knowledge

Barriers to Entry

2.5 Oligopoly/Oligopsony

Few Large Sellers/Buyers

Imperfect & Asymmetrical Knowledge

Market Power

Barriers to Entry

2.6 Integration/Conglomerateness

2.7 Government Intervention

Equity, Market Power & Regulation

Non-Market Forces

 

3.0 Conduct

3.1 Collusion

3.2 Game Playing

3.3 Legal Tactics

              Summary Survey of Intellectual Property

                   in the Global Village

3.4 Price Competition

3.5 Product Differentiation

3.6 Product/Process Innovation

3.7 Satisficing Behaviour & the Problem of Agency

3.8 International Trade: A Positive Sum Game?

 

2nd Midterm

April 30, 2014

30 questions/45 minutes

parts of Ch. 4, 5, 7 & 12

Class continues after 15 min. break

including possible Presentations

 

 

4. Performance

4.1 Allocative Efficiency & Profitability

Perfect Competition

Monopolistic Competition

Monopoly/Monopsony

Oligopoly/Oligopsony

4.2 Competitiveness/Fitness/Sustainability

4.3 Conservation, Present Value & the Precautionary Principle

4.4 Equity, Ethics & Moral Sentiments

4.5 Externalities & Public Goods

4.6 National Innovation Systems

 

3rd Midterm

May 7, 2014

30 questions/45 minutes

parts of Ch. 9, 10, 11 & 16

Class continues after 15 min. break

including Presentations

 

Final

to be determined

 

References

Glossary of Microeconomic Terms

* Evaluation

Two options are available for evaluation purposes.  You must take ownership of your learning.

 

 

METHOD A

All Multiple Choice

METHOD B

Multiple Choice plus Presentation

5 Online Assignments (average)

10%

10%

3 Midterms (average)

60%

60%

1 Final/Presentation

30%

30%

 

100%

100%

Note

* A score of less than 50% on the final will result in a overall grade no greater than a D!

Method A

For multiple choice, in midterms and the final exam op scan sheets are used.  Each Student must use a lead pencil 'to fill in the dots' and code their Student Number correctly.  Each Student is responsible for the legibility of their opscan sheet.  Fresh sheets will be issued any time during an exam.  No additional time is allowed to copy a sheet or make corrections after the testing period.   Failure to correctly code Student Number will result in delay of results and possible demerit.  Online assignments

The weight of a missed midterm (20%) may be transferred to the final exam on condition documentation is provided specifying acceptable causes such as sickness, family emergency, jury duty, etc.

 Approximately 50% of testable material is from the text and 50%posted on this site.

 

Method B

A class presentation on any of the four IO components – Basic Conditions (Supply/Demand), Structure, Conduct and Performance or a sub-component approved by the instructor.   The presentation may be made by teams of up to 3 students if approved by the instructor.  Scoring will be done by the students themselves using a rubric developed in class with students determining what criteria are appropriate to judge such a presentation.  It may be live or ‘oral’ with a submitted written transcript or a submitted media presentation (Power Point, video, etc.).  No YouTube or other pre-prepared videos accepted, i.e., videos must be original shoots. I will add my mark to the class score.  The presentation will be worth 30% of the final grade.

Presentation Rubric

After consulting with previous sections the following is the current rubric for marking Presentations.  It can be adjusted by the current class:

 

1. Definition of Terms: when technical economic terms are used they must be defined - 6

2. Statement of Assumptions: when a given market structure or other factors assumed constant they need to be stated - 6

3. Application: was course material effectively applied in the presentation - 6

4. Interaction: did the presenter(s) engaged the audience - 6

5. Understanding: did the presenter(s) display an understanding of the material - 6

 

Total: 30

 

Grad UNB Grade Scheme (Non-Official as posted on D2L)

F                  0                 49.4

D                  49.5            59.4

C                  59.5             64.4

C+                64.5             69.4

B-                 69.5             73.4

B                  73.5             76.4

B+                76.5             79.4

A-                79.5              84.4

A                 84.5              89.4

A+               89.5              100

 

NOTICE

1. All testing except Class Presentation is multiple choice. 

2. No electronic devices are allowed during midterms and the final exam.   Paper dictionaries are permitted for both.   

3. Plagiarism & Academic Dishonesty will not be tolerated.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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