Instruction

4.1 Differentiate among the pure competition, monopolistic competition, oligopoly, and monopoly market models in a global environment.

4.2 Describe pricing and nonpricing strategies in monopolistic competition, oligopoly, and monopoly market models.

4.3 Analyze the relationship among technology advancement, research & development, economic efficiency, and market structure.

4.4 Analyze the efficiency of commercial policies used to protect national industries.

Readings

Read Ch. 24-26 of Economics.

Read Ch. 7 of International Economics.

Read this week's Electronic Reserve Readings.

Participation and

Participate in class discussion and

Discussion Questions

Respond to the two weekly discussion questions.

Day Three, Thursday

2

Nongraded Activities and Preparation

Read Week Five's assignment. You may choose to use your own organization as the context for Week Five's assignment. If you so choose, you need annual price and quantity data for the past 6 years and to include the four market structures.

Individual

Simulation Analysis--Economics for Managerial Decision Making: Market Structures

Quasar is a computer company that has designed a unique innovation through its optical notebook.

Resource: Economics for Managerial Decision Making: Market Structures simulation

Complete the simulation, Economics for Managerial Decision Making: Market Structures.

Write a paper of no more than 1,050 words where you explain the following in the context of the simulation.

* Create a set of pricing and nonpricing strategies designed to enable Quasar to maximize its economic profits, in each market structure, as global competitive forces work to transition from monopoly to oligopoly to monopolistic competition to