Explain how beliefs and strategic interaction shape optimal decisions in oligopoly environments.

Describe how goals, constraints, incentives, and market rivalry affect economic decisions.

CLO #2 – Analyze demand, supply, equilibrium prices, and price elasticities as a quantitative tool to forecast changes in revenues.

CLO #3 – Evaluate alternative ways of measuring the productivity of inputs and the role of the manager in the production process.

CLO #4 – Assess the economic trade-offs associated with obtaining inputs through spot exchange, contract, or vertical integration.

CLO #5 – Investigate the conditions under which a firm operates as perfectly competitive, monopolistically competitive, or a monopoly.

CLO #6 – Explain how beliefs and strategic interaction shape optimal decisions in oligopoly environments.

CLO #7 – Identify examples of networks and network externalities, and determine the number of connections possible in a star network with n users.

CLO #8 – Evaluate and present the economic basis for limit pricing, and identify the conditions under which a firm can profit from such a strategy.

Analyze a competitive situation or industry practice in a 4 to 6 page, APA formatted written paper. You should choose a topic early on in this course. All papers must be strategy papers, meaning they must be about firms. However, there is a great deal of flexibility in the choice of topic.  

Step 1

First, choose an industry, based on interest in the industry. Examples of industries range from advertising to zoos, and include digital watches, private jets, diapers, over-the-counter cold and flu formulas, photographic film, automobiles, airlines, football, romance novels, dating services, banana production, or pre-stressed concrete, computer printers, pagers, business schools, used cars sold over the web, movie theaters.