Reference no: EM132714842
MANAGERIAL ECONOMICS
1. Chapter 7: What is Roth Child Index? Interpret the significance of Roth Child Index by providing an example. What does it mean to have higher value of this index than the lower value in an industry wide comparison in the context of market structure and conduct of market behavior; Behavior of firms related to the ability of making price markup over costs, ability to Integrate and merge, in Advertising & Research and development expenditures? Alternatively, what implications does it carry in the conduct of firm behavior in their production, pricing, advertising, R & D behavior?
2. Chapter 7: What is C-four concentration ratio? Interpret the significance of it by providing an example. What does it mean to have higher value of this value than the lower value in an industry wide comparison in the context of market structure and conduct of market behavior: Behavior of firms related to the ability of making price markup over costs, ability to Integrate and merge, in Advertising & Research and development expenditures? Alternatively, what implications does it carry in the conduct of firm behavior in their production, pricing, advertising, R & D behavior?
3. Chapter 7: Make sure you make know how to estimate the C-four concentration ratio, Roth Child Index and Herfindahl-Hirschman Index (HHI)
4. Chapter 7: What is Lerner's Index? How does a mark-up factor influence the pricing of a product? Explain with an example. Do you think the values of Roth Child Index and or C-four concentration ratio have impact on such behavior, making a higher mark up or lower mark up? Explain.
5. Chapter 8: How do you distinguish the market features of perfect completion over monopoly in terms of firm behavior with its ramifications, such as in profit maximizing production principle and pricing decisions, advertising expenses, entry and exit barriers, information sharing, R & D investment and expenditures, etc.?
6. Chapter 8: How do you distinguish the market features of a pure monopoly firm and a firm under monopolistic competition in terms of firm behavior with its ramifications, such as in profit maximizing production principle and pricing decisions, advertising expenses, entry and exit barriers, information sharing, R & D investment and expenditures, etc.?
7. Chapter 8: Is it possible for a monopolistically competitive firm to make a long run profit? Explain.
8. Chapter 8: Can a monopoly firm always make positive profit consistently? Explain. Can it make losses? Explain. Should that a monopoly firm making losses leave the industry? Explain.
9. Chapters 8 & 9: How do you distinguish the market features of a firm under monopolistic competition and a firm under oligopolistic competition with its ramifications, such as in profit maximizing production principle and pricing decisions, advertising, entry and exit barriers, information sharing, R & D investment and expenditures, etc.?
10. Chapter 9: How do you distinguish the market features of firms under oligopolistic competition especially, under the Sweezy Oligopoly, Cournot Oligopoly, Bertrand Oligopoly and Stackelberg Oligopoly Firms in terms of firm behavior in these respective markets: profit maximizing production principle and pricing decisions, advertising, entry and exit barriers, information sharing, R & D investment and expenditures, etc.?
11. Chapter 10: What is a game theory? Why is it important? Explain. What are called dominant strategy, secure strategy, Nash equilibrium strategy, normal form of game, sequential game, and simultaneous game? Explain.
12. Chapter 10: Provide an example and explain where (a) dominant strategy prevails, in another case, (b) secure strategy prevails, and finally, (c) Nash equilibrium strategy prevails.
13. PPT on Price Discrimination and Ch. 11 PPT: Distinguish the first degree price discrimination from second degree and second degree from third degree price discrimination. Provide examples in each case. Your grading will largely depend on as how many examples you can cite especially, for making and explaining the second degree and third degree price discrimination.
14. PPT on Price Discrimination and Ch. 11 PPT: What are the pre-conditions or factors that must exist, enabling a firm or company to discriminate prices across customers?
15. PPT on Price Discrimination and Ch. 11 PPT: Why is it important to conduct screening, for what reasons such as, age and status screening and when? Explain.
16. PPT on Price Discrimination and Ch. 11 PPT: Ties in Sales: what is it? Provide examples... why do
firms do this? Explain.
17. PPT on Price Discrimination and Ch. 11 PPT: Bundlings/ Mixed Bundling's, another way to making or promoting sales... provide examples.
18. PPT on Price Discrimination and Ch. 11 PPT: How important are the elasticity of demand factors and demographic and ethnic dimensions contributing to make price discrimination and in which particular type of price discrimination these concepts are applied. Explain them explicitly.
19. PPT on TRANSACTION COST: Define Agency Theory and Agency Problems with examples. Demonstrate how the moral hazard issue contributes to agency problem: the Principal-Agent Problem in delivering/committing/achieving the corporate/organization goal and objectives.
20. Ch. 12 PPT: How is a manager's attitude towards risks and uncertainty measured? Explain with examples. Alternatively, how do you classify the notion of risk averse, risk neutral and risk taker or risk lover person when dealing with risks and uncertainty in making business decisions?
21. Ch. 12 PPT: Use an example to demonstrate how a manager decides to undertake an investment project under various unpredictable economic environment by using the probability or chance factor or random factors/elements (Slides 15 & 16, Ch 12 PPT text book).
22. Ch. 12 PPT: What is called asymmetric information? Explain. How badly a business is affected due to asymmetric information that leads to making an adverse selection when the problem of moral hazard becomes more apparent? Explain.
23. Ch. 12 PPT: Why do businesses need to exercise screening and signaling device? Explain when this happens.
Attachment:- Questions for Final Exam Preparation Managerial.rar