Applied Economics for Managers
Readings
- Choice, Efficiency, and the Basic Demand and Supply Model
- Choice, Efficiency, and the Basic Demand and Supply Model (cont.)
- Behind Demand and Supply Curves
- Behind Demand and Supply Curves (cont.)
- Behind Demand and Supply Curves (cont.)
- Monopoly, Imperfect Competition, Pricing Tactics
- Monopoly, Imperfect Competition, Pricing Tactics (cont.)
- Monopoly, Imperfect Competition, Pricing Tactics (cont.)
- Monopolistic Competition and Oligopoly, Elements of Strategy
- Monopolistic Competition and Oligopoly, Elements of Strategy (cont.)
- Monopolistic Competition and Oligopoly, Elements of Strategy (cont.)
- Externalities and Public Goods
- Externalities and Public Goods (cont.)
- Uncertainty and Information
- Uncertainty and Information (cont.)
- Uncertainty and Information (cont.)
- Market Lessons and Organizational Architecture, Group Decision Making
- Market Lessons and Organizational Architecture, Group Decision Making (cont.)
- International Trade Issues
- Equity and Income Distribution
The reading is primarily from the course textbook, referred to in the table below as "Parkin": Parkin, Michael. Microeconomics. 6th ed. Sydney: Addison-Wesley Publishing, 2004. ISBN: 0321226577.
LEC # | TOPICS | READINGS |
---|---|---|
1-2 | Choice, Efficiency, and the Basic Demand and Supply Model | Parkin. Chapters 1-4. Pollakowski, Henry O. "Life After Rent Control: A Case Study." The New York Times, 14 June 1997. |
3-5 | Behind Demand and Supply Curves Consumer and Producer Theory |
Parkin. Chapters 6, 7, 9, and 10. |
6-8 | Monopoly, Imperfect Competition, Pricing Tactics | Parkin. Chapter 12. Pepall, Lynne, Daniel J. Richards, and George Norman. Industrial Organization: Contemporary Theory and Practice. South-Western, 2001, Chapter 3 and pp. 16-39. ISBN: 0324067720. Shapiro, Carol, and Hal R. Varian. Information Rules: A Strategic Guide to the Network Economy. Harvard Business School Press, 1998, Chapters 2 and 3. ISBN: 087584863X. |
9-11 | Monopolistic Competition and Oligopoly, Elements of Strategy | Parkin. Chapter 13. Pepall, Lynne, Daniel J. Richards, and George Norman. Industrial Organization: Contemporary Theory and Practice. South-Western, 2001, Chapter 5. ISBN: 0324067720. Dixit, Avinash K., and Barry J. Nalebuff. Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life. W. W. Norton & Company, 1993, Chapter 1. ISBN: 0393310353. |
12-13 | Externalities and Public Goods | Parkin. Chapter 16. Shapiro, Carol, and Hal R. Varian. Information Rules: A Strategic Guide to the Network Economy. Harvard Business School Press, 1998, Chapter 7. ISBN: 087584863X. |
14-16 | Uncertainty and Information | Parkin, Michael. Microeconomics. 5th ed. Addison-Wesley Publishing, 1999, Chapter 21. ISBN: 0201637839. (Note the different edition.) Megginson, William. Corporate Finance Theory. Pearson Education, 1997, pp. 93-109. |
17-18 | Market Lessons and Organizational Architecture, Group Decision Making | Brickley, James A., Clifford W. Smith, and Jerold L. Zimmerman. Managerial Economics and Organizational Architecture. McGraw-Hill/Irwin, 2003, Chapter 10. ISBN: 0072828099. |
19 | International Trade Issues | Parkin. Chapter 19. Krugman, Paul R. "What Do Undergrads Need to Know About Trade?" American Economic Review 83, no. 2 (May 1993): 23-26. |
20 | Equity and Income Distribution | Parkin. Chapters 14 and 15. Council of Economic Advisers. "Inequality and Economic Rewards." Chapter 5 in Economic Report of the President. Washington, DC: U.S. Government Printing Office, 1997. Available at the Web site of the ![]() |
Final Exam |