Econ 3 Business Economics and the Distribution of Income

The Firm: Objectives, Costs and Revenues
1. The Objectives of Firms
2. The Divorce of Ownership and Control
3. The Law of Diminishing Returns and Return to Scale
4. Fixed and Variable Costs, Marginal Costs, Average and total Costs, Short run costs, Long run costs
5. Economies and Diseconomies of Scale
6. Technological Change
7. Total Average and Marginal Revenues
Competitive Markets
1. The Model of Perfect Competition
2. Competition and the Efficient Allocation of Resources
3. The Dynamics of Competition and Competitive Market Processes
Concentrated Markets
1. Monopoly
  1. Sources of Monopoly Power
2. Oligopoly
  1. Collusive and Non Collusive
  2. Interdependence
  3. Price discrimination
  4. Contestible and Non contestible markets
3. Price Makers and Price Takers
4. The Growth of Firms
5. Market Structure, Static Efficiency, Dynamic Efficiency and Resource Allocation
The Labour Force
1. The Demand for Labour, Marginal and Productivity theory
2. influences on the Supply of labour
3. The determination of Relative Wage Levels and Levels of Employment in Perfectly competitive Labour Markets
4. The determination of Relative Wages Levels and Levels of Employment in Imperfectly competitive labour Markets
5. The influence of Trade Unions in Determining Wage and Levels of Employment
6. The Impact of the National Minimum Wage Rate
7. Discrimination in the Labour Market
8. The Distribution of Income and Wealth
Government intervention in the Market
1. Market Failure and Government Failure
2. Competition Policy
3. Public Ownership, Privatisation, Regulation and Deregulation
  1. Government Policies to Alleviate Poverty and to Influence the distribution of Income and Wealth
4. Notions of Equity
5. The Problem of Poverty
6. Cost Benefit Analysis

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Econ 3 Business Economics and the Distribution of Income

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	Created by marian.lynch over 11 years ago