Core Economics 2008
The course, Core Economics, is a core course in Term 1 of the full-time MBA at the AGSM, for students with little or no prior economics..
Weeks and Lectures:
Week 11: Monopolistic Competition; Business Strategy
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Lecture 21: Monopolistic Competition.
OHs
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Printable
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Solutions to GKSM, Chapter 18, pp. 380-382 here.
(Note: these questions come from an earlier edition of GKSM -- read carefully:
The 6 Questions for Review are the same.
Problems & Applications: Questions 1-7 the same, your Q10 is here Q12.)
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Solutions to GKSM, Chapter 18, pp. 380-382 here.
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Lecture 22: Strategic Interaction.
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Printable
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Solutions to GKSM, Chapter 16, pp. 336-340 here.
(Note: these questions come from an earlier edition of GKSM -- read carefully:
The 6 Questions for Review are the same.
Problems & Applications: Questions 1-8 the same, your Q9 is here Q10.) -
Look here for Lecture 22.
(7 worked questions) -
Reading: Marks on Competition and Common Property
- Russell Crowe is John Nash in A Beautiful Mind
- The two-thirds game, Term 1, 2008.
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Solutions to GKSM, Chapter 16, pp. 336-340 here.
Week 12: Competition Policy
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Lectures 23, 24: Firms Behaving Badly.
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Printable
- Solutions to GKSM, Chapter 17, pp. 363-365 here.
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Look here for Lectures 21 and 23.
(12 worked questions -- ignore questions 1-10; Q11 tying, Q12 Monopolistic competition) - The Economist: Mergers and Dominant Firms -- Oceans Apart.
- The Economist: UK supermarket sweep.
- The Economist: The American way of trustbusting.
- The Age: Why Visy copped the heaviest cartel penalty ever.
- BA and KAL plead guilty to price-fixing
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AFP: Former Qantas top executive in U.S. goes to jail on price-fixing rap.
and
ABC: Qantas VP faces jail time over price-fixing - BBC: Microsoft contests $1.4bn EU fine
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In light of the announced merger between Westpac and St George, see
AFR: "Four pillars debate needs refining," by Owen Young and Bob Marks, 22 August 2005.
The Four Pillars policy protects the big four banks (CBA, ANZ, NAB, and Westpac) from takeover. - I was interviewed by Complinet on May 13, 2008, about the merger proposal. Here.
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Last Updated 10 May, 2008 Robert Marks, bobm@agsm.edu.au