Industrial Organization

2.

Microeconomic Foundations

2.1.

Theory of the Firm

2.1.1.

Firm Objectives

2.1.1.1.

Profit Maximization

2.1.1.2.

Alternative Objectives

2.1.2.

Production Theory

2.1.2.1.

Production Functions

2.1.2.2.

Short-Run Production

2.1.2.3.

Long-Run Production

2.1.2.4.

2.1.2.5.

Marginal Products

2.1.2.6.

Returns to Scale

2.1.3.

2.1.3.1.

2.1.3.2.

2.1.3.3.

Short-Run Cost Functions

2.1.3.4.

Long-Run Cost Functions

2.1.3.5.

Average Cost Curves

2.1.3.6.

Marginal Cost Curves

2.1.3.7.

Cost Curve Shapes

2.1.3.8.

Economies of Scale

2.1.3.9.

Diseconomies of Scale

2.1.3.10.

Economies of Scope

2.1.4.

Profit Maximization Conditions

2.1.4.1.

Marginal Revenue Equals Marginal Cost

2.1.4.2.

Short-Run Profit Maximization

2.1.4.3.

Long-Run Profit Maximization

2.1.4.4.

Shutdown Conditions

2.1.4.5.

Break-Even Analysis

2.2.

Consumer Theory and Demand

2.2.1.

Demand Functions

2.2.1.1.

Individual Demand

2.2.1.2.

2.2.1.3.

Demand Curve Shifts

2.2.1.4.

Movements Along Demand Curves

2.2.2.

Elasticity Concepts

2.2.2.1.

Price Elasticity of Demand

2.2.2.2.

Income Elasticity of Demand

2.2.2.3.

Cross-Price Elasticity of Demand

2.2.3.

Consumer Surplus

2.2.3.1.

Definition and Measurement

2.2.3.2.

Welfare Analysis Applications

2.2.3.3.

Changes in Consumer Surplus

2.3.

Market Structure Extremes

2.3.1.

Perfect Competition

2.3.1.1.

2.3.1.2.

Characteristics

2.3.1.3.

Price-Taking Behavior

2.3.1.4.

Short-Run Equilibrium

2.3.1.5.

Long-Run Equilibrium

2.3.1.6.

Allocative Efficiency

2.3.1.7.

Productive Efficiency

2.3.2.

2.3.2.1.

Sources of Monopoly Power

2.3.2.2.

Barriers to Entry

2.3.2.3.

Control of Essential Resources

2.3.2.4.

Government-Created Monopolies

2.3.2.5.

Monopoly Profit Maximization

2.3.2.6.

Marginal Revenue Analysis

2.3.2.7.

Monopoly Pricing

2.3.2.8.

Output Determination

2.3.2.9.

Deadweight Loss

2.3.2.10.

Welfare Analysis

2.3.2.11.

Rent-Seeking Behavior

2.3.2.12.

Social Costs of Monopoly

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1. Introduction to Industrial Organization

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3. Market Power and Pricing