Outline of Possible Case StudiesElasticityConsumer TheoryEstimation of a Production FunctionEconomies of ScaleMonopoly: Price DeterminationPrice DiscriminationOther pricing strategiesECON 610: MICROECONOMICS - SyllabusTextbook Microeconomics, Pindyck & Rubinfeld, Macmillan, 2001Instructor Dr. Shawkat HammoudehOffice Matheson Hall (11)- Room 503MTelephone (215) 895 6673 Fax (215) 895 6975E-mail [email protected] http://www.lebow.drexel.edu/hammoudeh/Hours 5.00- 6.00 pm. Thursday or by appointmentObjective An understanding of-Consumer’s behavior and choiceFirm’s production technology, cost and profitHow competitive markets workImperfect market structures and pricing strategiesGrading Homework 10%Midterm 45%Final exam 45%Reading schedule : (Tentative)Lecture Description Chapter1 The Basics of Supply & Demand 22 Consumer behavior (skip 3.4) 3 3 Individual and market demand 44 Choice under uncertainty 55 Production 66 Cost of production 77 Profit maximization & Comp. Supply 818&9 Monopoly 1010 Pricing with Monopoly Power (tentative) 1110 Monopolistic Competition & Oligopoly 12ECON 610Dr. HammoudehOutline of Possible Case StudiesElasticitySepta Fare IncreaseConsumer TheoryFood StampsTaxes, Rebates & Consumer WelfareEstimation of a Production FunctionEconomies of ScaleThe Milk IndustryMonopoly: Price DeterminationMarkup pricing for videocassettes and supermarketsPrice DiscriminationFirst degree- DentistsSecond degree- Electric Power CompaniesThird degree- Airline FaresIntertemporal- Night clubsOther pricing strategiesTwo-part tariff: Best seller novelBundling: PC
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