1.6 — Monopoly II — Class Content

Meeting Date

Thursday, February 9, 2023

Overview

We continue looking at monopoly and see what are the economic consequences of monopoly.

Readings

Recommended Readings

This is a part of our review of major production concepts from Microeconomics. You can consider looking at the following in the textbook if you are rusty or want to know more about these concepts:

• Ch. 2.1-2.2, 3.1, 4.1—4.2, 4.4-4.5 in Church & Ware, 2000

• Harberger (1954), “Monopoly and Resource Allocation”

• Tullock (1967), “The Welfare Cost of Tariffs, Monopolies, and Theft”

• Mitchell (2012), “The Pathology of Privilege”

Slides

Below, you can find the slides in two formats. Clicking the image will bring you to the html version of the slides in a new tab. The lower button will allow you to download a PDF version of the slides.

Tip

You can type h to see a special list of viewing options, and type o for an outline view of all the slides.

I suggest printing the slides beforehand and using them to take additional notes in class (not everything is in the slides)!

Download as PDF