TAILIEUCHUNG - Lecture Managerial economics: Chapter 10 - Dr. Hasnain Naqvi

Chapter 10 - Perfect competition. After studying this chapter, you will able to: Define perfect competition, explain how price and output are determined in perfect competition, explain why firms sometimes shut down temporarily and lay off workers,. | Perfect Competition Objectives After studying this chapter, you will able to Define perfect competition Explain how price and output are determined in perfect competition Explain why firms sometimes shut down temporarily and lay off workers Explain why firms enter and leave the industry Predict the effects of a change in demand and of a technological advance Explain why perfect competition is efficient Students find this topic challenging. Part of their problem is that it builds on the cost curves of the previous chapter and many of them still have only a shaky grasp of that material. So emphasize the cumulative nature of economics and remind the students of the huge payoff from mastering material a bite at a time. You can help your students by emphasizing the two primary goals of this chapter: (1) to derive the market supply curve in a competitive industry and (2) to deepen your students’ understanding of how competition among self-interested consumers and producers moves .

• Kinh tế học
• Managerial economics
• Lecture Managerial economics
• Economic principles
• Kinh tế học quản lý
• Fundamentals of managerial economics
• Perfect competition
• Market interactions
• Marginal analysis
• Marginal benefit
• Price discrimination
• Monopolistic competition
• Oligopoly games
• Traditional oligopoly models
• Capital market
• Labour market
• Economic equations
• Economic applications
• Economic applications of derivatives
• Economic application
• Multi variable functions
• Constrained optimization
• Scatter diagram
• Forms of money
• Monetary policy
• Demand function
• Supply function
• Quantitative demand analysis
• Theory of individual behavior
• Demand estimation
• Production function
• Costs of production
• Organizing production