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Economics 243 Fall 2014 Schedule MWF 1:25 pm – 2:20 pm Huntley 220 |
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Week-Day-Date |
General Topic |
Text / Readings |
Details |
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Week I |
Fri |
12-Sep |
The Challenge of IO |
Hotelling (in class) |
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Mon |
15-Sep |
Structure-Conduct-Performance |
SM Chapter 1 |
The “classical” paradigm |
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Wed |
17-Sep |
Competitive Foundations |
SM: Ch 2 |
CS + PS as a metric; Lerner Index |
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Fri |
19-Sep |
Monopoly model |
SM: Ch 2 |
MR=MC |
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Week II |
Mon |
22-Sep |
Monopoly: innovative? pushy? |
SM: Ch 2 & 14 |
R&D and advertising |
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Wed |
24-Sep |
Monopoly & regulation |
increasing returns & public policy |
utilities |
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Fri |
26-Sep |
Research Resources |
Economics-specific tools for your papers |
Beer: the rise of A-B ==> industry choice for papers due |
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Week III |
Mon |
29-Sep |
Market Structure (I) |
SM: Ch 9 |
Economies of Scale: the rise of AB InBev |
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Wed |
1-Oct |
Oligopoly (I) |
SM: Ch 3 |
Bertrand Competition |
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Fri |
3-Oct |
Oligopoly (II) |
SM: Chap 3 |
Cournot Competition |
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Week IV |
Mon |
6-Oct |
Discussion of industries |
your papers! |
==> Paper #1 due
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Wed |
8-Oct |
Market Structure (II) |
SM: Ch 4 |
Product Differentiation |
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Fri |
10-Oct |
Beer again |
Read up on industry news |
possible field trip – guest lecture |
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Week V |
Mon |
13-Oct |
Collusion (I) |
SM: Ch 5 & 6 |
price wars |
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Wed |
15-Oct |
Collusion (II) |
SM: Ch 5 & 6 |
overlapping markets |
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Fri |
17-Oct |
Reading day! |
Reading day |
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Week VI |
Mon |
20-Oct |
Dominant Firms |
SM: Ch 7 |
RS: beer mergers ==> midterm due |
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Wed |
22-Oct |
Strategic behavior |
SM: Ch 7 |
limit pricing |
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Fri |
24-Oct |
Mergers |
SM: Ch 11 |
Beer case study |
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Week VII |
Mon |
27-Oct |
Vertical structure |
SM: Ch 12 |
double marginalization (pdf) |
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Wed |
29-Oct |
Theory of the Firm (I) |
Why Firms? |
SM Ch 10: Berle-Means |
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Fri |
31-Oct |
Theory of the Firm (II) |
Governance |
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Week VIII |
Mon |
3-Nov |
Theory of the Firm (III) |
Reading TBA |
Franchising |
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Wed |
5-Nov |
Price Discrimination (I) |
SM: Ch 8 |
degrees of discrimination |
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Fri |
7-Nov |
Price Discrimination (II) |
SM: Ch 8 |
two-part tariffs |
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Week IX |
Mon |
10-Nov |
Price Discrimination (III) |
SM: Ch 8 |
bundling |
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Mon |
5 pm |
H Parker Willis Lecture |
Eric Rosengren, President, Federal Reserve Bank of Boston |
Stackhouse |
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Wed |
12-Nov |
Advertising (I) |
SM: Ch 13 |
informative or persuasive? |
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Fri |
14-Nov |
Advertising (II) |
SM: Ch 13 |
strategic considerations |
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Week X |
Mon |
17-Nov |
Paper Discussion |
your papers |
==> paper due! |
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Wed |
19-Nov |
Advertising (III) |
RS |
beer advertising |
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Fri |
21-Nov |
Innovation (I) |
Smitka paper |
Innovation in Auto Suppliers |
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Thanksgiving Break |
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Week XI
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Mon |
1-Dec |
Innovation (II) |
SM: Ch 15 |
© ™ ® patent |
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Wed |
3-Dec |
Innovation (III) |
SM: Ch 15 |
networks & standards |
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Fri |
5-Dec |
Trade secrets |
reading TBA |
does IP matter? |
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Week XII |
Mon |
8-Dec |
Issue Presentations |
reading chosen by you |
topic chosen by you |
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Wed |
10-Dec |
Issue Presentations |
reading chosen by you |
topic chosen by you |
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Fri |
12-Dec |
IO Retrospective |
all material this term! |
what we know, what can we know |
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Final Exams 13 December – 19 December |
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