COL Karen Gutermuth
Professor of Economics and Business
Industrial Organization
Fall 2008
| Date | Topic |
| 3 Sept | Introduction |
| 5 Sept | Structure, Conduct, Performance, Terms to Know |
| 8 Sept | Review of Costs |
| 10 Sept | Property Rights and Transaction Costs |
| 12 Sept | VAE Meeting |
| 15 Sept | Coase Theorem, Types of Ownership |
| 17 Sept | Open Access Model |
| 19 Sept | Knight's Road Problem |
| 23 Sept | Monday classes meet on Tuesday A Model of Common Property |
| 24 Sept | Examples of Common Property: Lobsters Gangs, Hutterites, and Swiss Alps |
| 26 Sept | Property Rights and Lobster Gangs |
| 29 Sept |
Test 1 (Monday) |
| Perfect Competition | |
|
Part I: The Firm |
|
| 1 Oct | The PC Firm |
| 3 Oct | The PC Industry and the Relaxing of an Assumption |
| 6 Oct | Efficiency and Welfare Theorems |
| 8 Oct | Externalities |
| Monopoly | |
| 10 Oct | The Monopolist as a Firm |
| 13 Oct | Our Most Famous Monopolist |
| 15 Oct | Establishing and Maintaining a Monopoly, Costs and Benefits of Monopoly |
| 17 Oct | Price Discrimination |
| 22 Oct | Market Segmentation Problems |
| 24 Oct |
Test 2 (Friday) AACSB Seminar |
| 27 Oct | Cartels, Numerical Problem of Cartels |
| 29 Oct | Cartel Behavior in Action |
|
Part II: Strategic Behavior |
|
| 31 Oct | Dominant Firm with a Competitive Fringe |
| 3 Nov | Oligopolies: The Cournot, Bertrand, and Stackelberg Models |
| 5 Nov | A Comparison of Models |
| 7 Nov | Introduction to Game Theory Terminology of the Theory of Games |
| 10 Nov | Prisoners' Dilemma, Repeated Games |
| 12 Nov | Subgames and Game Trees |
| 14 Nov | A Brilliant Madness |
| 17 Nov | TBA |
| 19 Nov |
Test 3 (Wednesday) |
|
Part III: Applied Topics |
|
| 21 Nov |
Non-linear Pricing: Tie-in Sales Ring Figure |
| 24 Nov | Non-Linear Pricing: 2 Part Tariffs, Price Schedules, Auctions, Versioning |
| 19 Nov | Price Dispersion and the Tourist Trap Model |
| 26& 28 Nov | Thanksgiving |
| 3 Dec | Richmond Field Trip (Tentative) |
| 5 Dec | AntiTrust Laws |
| 8 Dec | AntiTrust Cases |
| 10 Dec | Measures of Market Concentration |
| 12 Dec | Econometrically Predicting the Best Advertising SchemeLast Day of Class |
| 13 Dec | Reading Day |
| 15 Dec | Exams Begin |
| 22 Dec | Exams End |
