15.024 | Summer 2004 | Graduate

Applied Economics for Managers

Readings

The reading is primarily from the course textbook, referred to in the table below as “Parkin”: Parkin, Michael. Microeconomics. 6th ed. Sydney: Addison-Wesley Publishing, 2004. ISBN: 0321226577.

LEC # TOPICS READINGS
1-2 Choice, Efficiency, and the Basic Demand and Supply Model

Parkin. Chapters 1-4.

Pollakowski, Henry O. “Life After Rent Control: A Case Study.” The New York Times, 14 June 1997.

3-5

Behind Demand and Supply Curves

Consumer and Producer Theory

Parkin. Chapters 6, 7, 9, and 10.
6-8 Monopoly, Imperfect Competition, Pricing Tactics

Parkin. Chapter 12.

Pepall, Lynne, Daniel J. Richards, and George Norman. Industrial Organization: Contemporary Theory and Practice. South-Western, 2001, Chapter 3 and pp. 16-39. ISBN: 0324067720.

Shapiro, Carol, and Hal R. Varian. Information Rules: A Strategic Guide to the Network Economy. Harvard Business School Press, 1998, Chapters 2 and 3. ISBN: 087584863X.

9-11 Monopolistic Competition and Oligopoly, Elements of Strategy

Parkin. Chapter 13.

Pepall, Lynne, Daniel J. Richards, and George Norman. Industrial Organization: Contemporary Theory and Practice. South-Western, 2001, Chapter 5. ISBN: 0324067720.

Dixit, Avinash K., and Barry J. Nalebuff. Thinking Strategically: The Competitive Edge in Business, Politics, and Everyday Life. W. W. Norton & Company, 1993, Chapter 1. ISBN: 0393310353.

12-13 Externalities and Public Goods

Parkin. Chapter 16.

Shapiro, Carol, and Hal R. Varian. Information Rules: A Strategic Guide to the Network Economy. Harvard Business School Press, 1998, Chapter 7. ISBN: 087584863X.

14-16 Uncertainty and Information

Parkin, Michael. Microeconomics. 5th ed. Addison-Wesley Publishing, 1999, Chapter 21. ISBN: 0201637839. (Note the different edition.)

Megginson, William. Corporate Finance Theory. Pearson Education, 1997, pp. 93-109.

17-18 Market Lessons and Organizational Architecture, Group Decision Making Brickley, James A., Clifford W. Smith, and Jerold L. Zimmerman. Managerial Economics and Organizational Architecture. McGraw-Hill/Irwin, 2003, Chapter 10. ISBN: 0072828099.
19 International Trade Issues

Parkin. Chapter 19.

Krugman, Paul R. “What Do Undergrads Need to Know About Trade?” American Economic Review 83, no. 2 (May 1993): 23-26.

20 Equity and Income Distribution

Parkin. Chapters 14 and 15.

Council of Economic Advisers. “Inequality and Economic Rewards.” Chapter 5 in Economic Report of the President. Washington, DC: U.S. Government Printing Office, 1997. Available at the Web site of the Budget of the United States Government: Fiscal Year 1998 (PDF).

  Final Exam  

Course Info

As Taught In
Summer 2004
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