2014 Schedule

Economics 243 Fall 2014 Schedule

MWF 1:25 pm – 2:20 pm Huntley 220

Week-Day-Date

General Topic

Text / Readings

Details

Week I

Fri

12-Sep

The Challenge of IO

Hotelling (in class)

Application to Politics

Mon

15-Sep

Structure-Conduct-Performance

SM Chapter 1

The “classical” paradigm

Wed

17-Sep

Competitive Foundations

SM: Ch 2

CS + PS as a metric; Lerner Index

Fri

19-Sep

Monopoly model

SM: Ch 2

MR=MC

Week II

Mon

22-Sep

Monopoly: innovative? pushy?

SM: Ch 2 & 14

R&D and advertising

Wed

24-Sep

Monopoly & regulation

increasing returns & public policy

utilities

Fri

26-Sep

Research Resources

Economics-specific tools for your papers

Beer: the rise of A-B

==> industry choice for papers due

Week III

Mon

29-Sep

Market Structure (I)

SM: Ch 9

Economies of Scale: the rise of AB InBev

Wed

1-Oct

Oligopoly (I)

SM: Ch 3

Bertrand Competition

Fri

3-Oct

Oligopoly (II)

SM: Chap 3

Cournot Competition

Week IV

Mon

6-Oct

Discussion of industries

your papers!

==> Paper #1 due

Wed

8-Oct

Market Structure (II)

SM: Ch 4

Product Differentiation

Fri

10-Oct

Beer again

Read up on industry news

possible field trip – guest lecture

Week V

Mon

13-Oct

Collusion (I)

SM: Ch 5 & 6

price wars

Wed

15-Oct

Collusion (II)

SM: Ch 5 & 6

overlapping markets

Fri

17-Oct

Reading day!

Take-Home Midterm

Reading day

Week VI

Mon

20-Oct

Dominant Firms

SM: Ch 7

RS: beer mergers

==> midterm due

Wed

22-Oct

Strategic behavior

SM: Ch 7

limit pricing

Fri

24-Oct

Mergers

SM: Ch 11

Beer case study

Week VII

Mon

27-Oct

Vertical structure

SM: Ch 12

double marginalization (pdf)

Wed

29-Oct

Theory of the Firm (I)

Why Firms?

SM Ch 10: Berle-Means

Fri

31-Oct

Theory of the Firm (II)

Governance

Hilt NBER WP #20356

Week VIII

Mon

3-Nov

Theory of the Firm (III)

Reading TBA

Franchising

Wed

5-Nov

Price Discrimination (I)

SM: Ch 8

degrees of discrimination

Fri

7-Nov

Price Discrimination (II)

SM: Ch 8

two-part tariffs

Week IX

Mon

10-Nov

Price Discrimination (III)

SM: Ch 8

bundling

Mon

5 pm

H Parker Willis Lecture

Eric Rosengren, President, Federal Reserve Bank of Boston

Stackhouse

Wed

12-Nov

Advertising (I)

SM: Ch 13

informative or persuasive?

Fri

14-Nov

Advertising (II)

SM: Ch 13

strategic considerations

Week X

Mon

17-Nov

Paper Discussion

your papers

==> paper due!

Wed

19-Nov

Advertising (III)

RS

beer advertising

Fri

21-Nov

Innovation (I)

Smitka paper

Innovation in Auto Suppliers

Thanksgiving Break

Week XI

Mon

1-Dec

Innovation (II)

SM: Ch 15

© ™ ® patent

Wed

3-Dec

Innovation (III)

SM: Ch 15

networks & standards

Fri

5-Dec

Trade secrets

reading TBA

does IP matter?

Week XII

Mon

8-Dec

Issue Presentations

reading chosen by you

topic chosen by you

Wed

10-Dec

Issue Presentations

reading chosen by you

topic chosen by you

Fri

12-Dec

IO Retrospective

all material this term!

what we know, what can we know

Final Exams 13 December – 19 December