Managerial Economics

  1. Market Structure and Competitive Analysis
    1. Defining a Market
      1. Product Market Definition
        1. Geographic Market Definition
          1. Market Boundaries
            1. Relevant Market Determination
            2. Perfect Competition
              1. Characteristics
                1. Large Number of Buyers and Sellers
                  1. Homogeneous Products
                    1. Free Entry and Exit
                      1. Perfect Information
                        1. Price Taking Behavior
                        2. Short-Run Analysis
                          1. Firm's Supply Curve
                            1. Market Supply and Demand
                              1. Short-Run Equilibrium
                                1. Profit Maximization
                                2. Long-Run Analysis
                                  1. Entry and Exit Decisions
                                    1. Long-Run Equilibrium
                                      1. Zero Economic Profit
                                        1. Efficiency Properties
                                      2. Monopoly
                                        1. Characteristics and Sources of Monopoly Power
                                          1. Barriers to Entry
                                            1. Economic Barriers
                                              1. Strategic Barriers
                                              2. Unique Resources
                                                1. Network Effects
                                                2. Monopoly Pricing and Output
                                                  1. Profit Maximization
                                                    1. Price and Output Determination
                                                      1. Monopoly vs. Competitive Outcomes
                                                      2. Price Discrimination by Monopolists
                                                        1. Social Costs of Monopoly
                                                          1. Deadweight Loss
                                                            1. Consumer and Producer Surplus Effects
                                                              1. X-Inefficiency
                                                              2. Regulation of Monopolies
                                                                1. Price Regulation
                                                                  1. Rate of Return Regulation
                                                                2. Monopolistic Competition
                                                                  1. Characteristics
                                                                    1. Product Differentiation
                                                                      1. Many Sellers
                                                                        1. Free Entry and Exit
                                                                          1. Some Market Power
                                                                          2. Short-Run Analysis
                                                                            1. Demand Curve Facing the Firm
                                                                              1. Profit Maximization
                                                                                1. Price and Output Determination
                                                                                2. Long-Run Analysis
                                                                                  1. Entry and Exit
                                                                                    1. Long-Run Equilibrium
                                                                                      1. Excess Capacity
                                                                                      2. Role of Advertising and Product Differentiation
                                                                                        1. Non-Price Competition
                                                                                          1. Brand Building
                                                                                            1. Innovation Incentives
                                                                                          2. Oligopoly
                                                                                            1. Characteristics
                                                                                              1. Few Large Firms
                                                                                                1. Interdependence
                                                                                                  1. Barriers to Entry
                                                                                                    1. Product Differentiation
                                                                                                    2. Measures of Market Concentration
                                                                                                      1. Concentration Ratios
                                                                                                        1. Herfindahl-Hirschman Index
                                                                                                          1. Lerner Index
                                                                                                          2. Models of Oligopoly Behavior
                                                                                                            1. Cournot Model
                                                                                                              1. Quantity Competition
                                                                                                                1. Reaction Functions
                                                                                                                  1. Nash Equilibrium
                                                                                                                  2. Bertrand Model
                                                                                                                    1. Price Competition
                                                                                                                      1. Capacity Constraints
                                                                                                                      2. Stackelberg Model
                                                                                                                        1. Leader-Follower Dynamics
                                                                                                                          1. First-Mover Advantage
                                                                                                                          2. Kinked Demand Curve Model
                                                                                                                            1. Price Rigidity
                                                                                                                              1. Asymmetric Reactions
                                                                                                                            2. Collusion and Cartels
                                                                                                                              1. Explicit Collusion
                                                                                                                                1. Tacit Collusion
                                                                                                                                  1. Stability of Cartels

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                                                                                                                              7. Cost Theory and Analysis

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                                                                                                                              9. Pricing Strategies and Tactics