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 |