Econ on the Go

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Econ on the Go

John Horn - WashU

21 episodes

4 months ago

These short podcasts are summaries of the microeconomic topics I teach in my Managerial Economics course at the Olin Business School at Washington University in St. Louis.

Hosted on Acast. See acast.com/privacy for more information.

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All content for Econ on the Go is the property of John Horn - WashU and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

These short podcasts are summaries of the microeconomic topics I teach in my Managerial Economics course at the Olin Business School at Washington University in St. Louis.

Hosted on Acast. See acast.com/privacy for more information.

Show more...

Episodes (20/21)

Econ on the Go

Introduction to Microeconomics

This introductory episode explains the basic principles upon which microeconomics is based.

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2 years ago

6 minutes 47 seconds

Econ on the Go

Principal-Agent Problems

How can firms overcome the challenges of aligning incentives within the organization?

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4 years ago

6 minutes 44 seconds

Econ on the Go

Adverse Selection & Moral Hazard

These two models of asymmetric information occur before the economic relationship (adverse selection) or after the contract is signed (moral hazard).

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4 years ago

5 minutes 42 seconds

Econ on the Go

Cournot & Stackelberg

The quantity-choice oligopoly games are Cournot (simultaneous) and Stackelberg (sequential).

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4 years ago

6 minutes 19 seconds

Econ on the Go

Oligopoly & Bertrand

What are oligopolies, how are they regulated, and what is the Bertrand pricing model?

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4 years ago

7 minutes 47 seconds

Econ on the Go

Game Theory, Part II

Sequential games and how to solve them are explained.

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4 years ago

6 minutes 11 seconds

Econ on the Go

Game Theory, Part I

This covers the principles of game theory, and explores the simultaneous move games (like Prisoner's Dilemma).

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4 years ago

12 minutes 9 seconds

Econ on the Go

Two-Part Tariffs & Bundling

Two pricing strategies firms can use to increase revenue are two-part tariffs (a fixed fee plus a per-unit charge) and bundling (selling two different products/services together in a package).

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4 years ago

7 minutes 30 seconds

Econ on the Go

Monopoly Pricing & Price Discrimination

How do monopolists set their optimal price, and how can firms increase their profits by charging different prices to different customers for the same product or service?

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4 years ago

8 minutes 34 seconds

Econ on the Go

Competitive Supply & Equilibrium

Why is the competitive firm's supply curve equal to the marginal cost curve, and why do firms earn zero profits in the long run?

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4 years ago

15 minutes 43 seconds

Econ on the Go

Profit Maximization

What is the rule for how much a firm should produce if they want to maximize profits?

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5 years ago

6 minutes 47 seconds

Econ on the Go

Revenue Maximization

How does a monopolist trade off changes in revenue from existing customers and the changes from new or lost customers?

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5 years ago

9 minutes 47 seconds

Econ on the Go

What happens when input prices or quantity targets change, and what are the differences between total, variable and fixed costs?

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5 years ago

8 minutes 7 seconds

Econ on the Go

Variable and fixed costs affect which is the optimal combination of inputs the firm should use to produce its products and services.

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5 years ago

10 minutes 24 seconds

Econ on the Go

Economic concepts of production technology are explored in this episode.

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5 years ago

9 minutes 34 seconds

Econ on the Go

Price & Quantity Restrictions

The second set of government interventions are the price and quantity restrictions.

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5 years ago

9 minutes 10 seconds

Econ on the Go

Taxes & Subsidies

How do taxes affect the competitive equilibrium, and how are subsidies related to taxes?

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5 years ago

8 minutes 41 seconds

Econ on the Go

Competitive Markets & Equilibrium

This episode discusses the supply-demand framework and how the competitive market results in the most surplus in the market.

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5 years ago

8 minutes 48 seconds

Econ on the Go

Basics of Supply

Why does the supply curve slope up, and what are the factors that affect the supply curve?

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5 years ago

8 minutes 7 seconds

Econ on the Go

Consumer Surplus & Elasticity

The demand curve concepts of consumer surplus and elasticity are explored in more detail.

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5 years ago

8 minutes