Econ on the Go
These short podcasts are summaries of the microeconomic topics I teach in my Managerial Economics course at the Olin Business School at Washington University in St. Louis.
Listen on:
Episodes
Thursday Dec 17, 2020
Thursday Dec 17, 2020
How can firms overcome the challenges of aligning incentives within the organization?
Wednesday Dec 16, 2020
Wednesday Dec 16, 2020
These two models of asymmetric information occur before the economic relationship (adverse selection) or after the contract is signed (moral hazard).
Wednesday Dec 16, 2020
Wednesday Dec 16, 2020
The quantity-choice oligopoly games are Cournot (simultaneous) and Stackelberg (sequential).
Thursday Dec 10, 2020
Thursday Dec 10, 2020
What are oligopolies, how are they regulated, and what is the Bertrand pricing model?
Tuesday Dec 01, 2020
Wednesday Nov 25, 2020
Wednesday Nov 25, 2020
This covers the principles of game theory, and explores the simultaneous move games (like Prisoner's Dilemma).
Tuesday Nov 17, 2020
Tuesday Nov 17, 2020
Two pricing strategies firms can use to increase revenue are two-part tariffs (a fixed fee plus a per-unit charge) and bundling (selling two different products/services together in a package).
Tuesday Nov 17, 2020
Tuesday Nov 17, 2020
How do monopolists set their optimal price, and how can firms increase their profits by charging different prices to different customers for the same product or service?
Tuesday Nov 10, 2020
Tuesday Nov 10, 2020
Why is the competitive firm's supply curve equal to the marginal cost curve, and why do firms earn zero profits in the long run?
Friday Nov 06, 2020
Friday Nov 06, 2020
What is the rule for how much a firm should produce if they want to maximize profits?