goal part8
- C.Public policy to promote competition
- 1.Antitrust policy
- 2.Regulation
- D.Income distribution
- 1.Equity
- 2.Sources of income ineqiality
Read more
goal part7
- Market Failure and the Role of Government (12%–18%)
- A.Externalities
- 1.Marginal social benefit and marginal social cost
- 2.Positive Externalities
- 3.Negative externalities
- 4.Remedies
- B.Publicgoods
- 1.Public versus private goods
- 2.Provision of public goods
Read more
goal part6
- Factor Markets (10%–18%)
- A.Derived factor demand
- B.Marginal revenue product
- C.Labor market and firms’ hiring of labor
- D.Market distribution of income
Read more
goal part5
- Firm behavior and market structure (25%–35%)
- 1.Profit:
- a.Accounting versus economic profits
- b.Normal profit
- c.Profit maximization: MR=MC rule
- 2.Perfect competition
- a.Profit maximization
- b.Short-run supply and shut-down decision
- c.Firm and market behaviors in short-run and long-run equilibria
- d.Efficiency and perfect competition
- 3.Monopoly
- a.Sources of market power
- b.Profit maximization
- c.Inefficiency of monopoly
- d.Price discrimination
- 4.Oligopoly
- a.Interdependence, collusion and cartels
- b.Game theory and strategic behavior
- 5.Monopolistic competition
- a.Product differentiation and role of advertising
- b.Profit maximization
- c.Short-run and long-run equilibrium
- d.Excess capacity and inefficiency
Read more
goal detail
- Production and costs(10%–15%)
- 1.Production functions: short and long run短期和长期的生产函数
- 2.Marginal product and diminishing returns边际产量和边际产量递减规律
- 3.Short-run costs短期成本曲线
- 4.Long-run costs and economies of scale长期成本曲线和规模经济
- 5.cost minimising input combination
Read more
goal part3
- Theory of consumer choice消费者选择理论(5%–10%)
- 1.Total utility and marginal utility
- 2.Utility maximization: equalizing marginal utility per dollar
- 3.Individual and market demand curves
- 4.Income and substitution effects
Read more