-Topic 7 Market Structures-

Hey Folks! This week we will be discussing market structures, how markets fail, and the role of government in regulating markets.

Here’s what you need to know:

Classes: Monday/Wednesday, 10:00 – 10:45 AM

Zoom ID: 723 9635 0716

*as always, please see Teams for the password.

Weekly Objectives

Topic 7.1 Competition and Market Structures

Objectives: Explain the characteristics of perfect competition. Understand the nature of monopolistic competition. Describe the behavior and characteristics of the oligopolist. Identify several types of monopolies.

Topic 7.2 Market Failures

Objectives: Discuss the problems caused by inadequate competition. Understand the importance of having adequate information. Describe the nature of resource immobility. Explain the nature of positive and negative externalities.

Topic 7.3 The Role of Government

Objectives: Discuss major antitrust legislation in the United States. Understand the need for government regulation. Explain the value of public disclosure. Discuss the modifications to our free enterprise economy.

New Assignments Due 10/26

1. Topic 7.1 Competition and Market Structures
2. Topic 7.2 Market Failures
3. Topic 7.3 The Role of Government

Late Assignments Due 10/26

1. Quarter 1 Quiz