Parkes' Economics for Business II Assignments, Winter 2011-2


[Andrew's SILC Home Page, Shanghai, China] - [Drew's Home Page, United States] - [U.S. Small Business Resources]
 



       Tentative Schedule and Course Assignments:


            Final Exam: Chapters 23 - 25, 26, 32, 33 & 35, on Monday, March 12, 2012
                    From 14:15 to 16:15: Class 2 in Room 2311 and Class 3 in Room 2312
                               Do not forget the Solow Growth Model and the ISLM Model!!!



      PAST ASSIGNMENTS:

                               Week 7
              February 14, 2012       Review Chapter 25: Long-run Economic Growth/Solow Growth Model


              February 16, 2012       Chapter 26: Long-Run Economic Growth/Solow Growth Model Continued

                               Week 6

              January 3, 2012       New Years Day Holiday Break - RELAX and ENJOY!

              January 5, 2012       Chapter 25: Long-Run Economic Growth/Solow Growth Model Continued

              December 27, 2011      Chapter 23: The Big Picture
                   Chapter 24: Tracking the Economy

              December 29, 2011       Chapter 25: Long-Run Economic Growth/Solow Growth Model

                    December 30, 2011: Midterm Exam from 13:30 to 15:00

                                    Chapters 14 - 17, 19 and 20: Rooms 1109 and 1133.


                                 Week 4

              December 20, 2011       Chapter 19: Externalities
              December 22, 2011     Chapter 20: Public Goods and Common Resources

                               Week 3
              December 13, 2011       Chapter 16: Continued and Chapter 17: International Trade


              • Review of the 4 types of market structure:
                • Perfect Competition
                • Monopolistic Competition
                • Oligopoly
                • Monopoly
              • Inefficient or Efficient?
              • Advertising
              • Brand Names


              • Chapter 17: International Trade
                • Comparative Advantage and International Trade
                  • Ricardian Model of International Trade
                  • Autarky
                  • Gains from Trade
                  • Sources of Comparative Advantage
                    • Differences in Climate
                    • Differences in Resources - Factor Endowments
                    • Differences in Technology
                  • Increasing Returns and International Trade
              • Day 5 PPT - U.S. - P.R.C. Trade Statistics (Shown in Class)
              • Krugman's Chapter 17 PPT - International Trade


              December 15, 2011     Chapter 17: International Trade continued

              • Read Chapter 17
              • Chapter 17: International Trade
                • Comparative Advantage and International Trade
                  • Sources of Comparative Advantage
                    • Differences in Climate
                    • Differences in Resources - Factor Endowments
                    • Differences in Technology
                  • Increasing Returns and International Trade
                • Supply, Demand, and International Trade
                  • Import Demand
                  • Export Supply
                • Consumer Surplus and Producer Surplus
                  • The Effects Imports
                  • The Effects Exports
                  • The World Price
                • 3 panel diagrams for the world price
                • International Trade and Factor Markets

                • The Effects of Trade Protection
                  • The Effects of a Tariff - consumer and producer surplus, tariff revenue and dead weight losses
                  • The Effects of a Quota - consumer and producer surplus, tariff revenue and dead weight losses
                • The Political Economy of Trade Protection - Arguments for and Against
              • Day 6 PPT - Trade Policy (Shown in Class)
              • Krugman's Chapter 17 PPT - International Trade

                               Week 2
              December 6, 2011       Chapter 14 continued and Chapter 15: Oligopoly


              • A quick review of Price Ceilings - Chapter 5 PPT Make sure to look at the welfare effects: Consumer and producer surplus, etc.
              • Quiz #3 - Monopoly making a profit, loss, and shutdown
              • Chapter 14 - continued
                • Dealing with a Natural Monopoly - how to properly price and regulate a Natural Monopoly
                • Elasticity of Demand and Total Revenue
                • Price Discrimination
                  • Elasticity
                  • Perfect Price Discrimination
                  • How discrimination is possible, differing geographic areas, etc.
              • Quiz #5 - Natural Monopoly, regulated so that a price ceiling exists at P = ATC (Demand = ATC)
              • Read Chapter 15 Oligopoly
              • Imperfect Competition and the Prevalence of Oligopoly
                • Duopoly
                • Collusion and Competition
                • Noncooperative Behavior
                • Price or Quantity Competition?!
              • Day 3 PPT - Not Available yet
              • Krugman's Chapter 15 PPT - Oligopoly


              December 8, 2011     Chapter 15 continued and Chapter 16: Monopolistic Competition

              • Continue to Read Chapter 15
                • Quiz #6 - #4 and #5, p. 385-6.
                • Game Theory
                  • The Prisoners' Dilemma
                  • Payoff Matrix, Dominant Strategy, and Noncooperative Equilibrium
                  • Nash Equilibrium - John Nash of "It's a Beautiful Mind" movie
                  • Repeated Games
                • Strategic Behavior
                  • Tit for Tat and Tacit Collusion
                  • Kinked Demand Curve
                • Oligopoly in Practice
                • Anti-trust Policies
                • Product Differentiation
                • Price Leadership

              • Read Chapter 16: Monopolistic Competition
                • Definition
                  • Large number of producers
                  • Differentiated Products
                  • Free Entry and Exit
                • Product Differentiation
                  • Differentiation by Style or Type
                  • Differentiation by Location
                  • Differentiation by Quality
                • Monopolistic Competition in the Short-Run
              • Krugman's Chapter 16 PPT - Monopolistic Competition
              • Day 4 PPT - Game Theory (A Primer)

                               Week 1
              November 29, 2011       Chapter 9: Perfect Competition and the Supply Curve


              December 1, 2011     Chapter 14: Monopoly

              • 4 Types of Market Structure
              • A definition of Monopoly - one seller with no close substitutes
              • The Monopolist IS the Market! - shown graphically
              • Why Monopolies exist:
                • Control of a Resource
                • Economies of Scale
                • Technical Superiority
                • Government-Created Barriers
              • Profit Maximizing Monopolist charges a higher price and produces less than a Perfect Competitor (Fig. 14-6)
              • Welfare Effects of a Monopoly
              • Dealing with a Natural Monopoly
              • Day 2 PPT - Not Available Yet
              • Krugman & Wells Chapter 14 PPT - Second Edition


    

[Andrew's SILC Home Page, Shanghai, China] - [Drew's Home Page, United States]

email: andrew at andrewparkes.com
Last Update: December 28, 2011
By Andrew L. H. Parkes, Ph. D.