Econ 3 Revision for Stage Test

 

Govt Intervention and contestability

economicsonline notes + video

Industry Presentations

OFT and Intervention for Cartels

OFT Website + compliance interactive wheel

competition commission website

cartels and game theory

price fixing
lg samsumg 2012

opec

Price discrimination Diagrams

price discrimination presentation

price discrimination worksheet

privatise nationalise

oligopoly

gas prices - oligopoly and price leadership (t2u)

inequality in wealth

 

 

personalised pricing

 

barriers to entry and monopoly

paj holden video



monopoly issues welker + worksheet

yale monopoly notes - extension level

tutor2u posts on monopoly

growth as an objective of the firm

Motives for Takeovers and Mergers from tutor2u

Problems of Takeovers and Mergers including Integration from tutor2u

Factors Influencing the Success of Takeovers and Mergers from tutor2u

Impact of Takeovers and Mergers on Performance of Businesses Involved from tutor2u

Government Intervention in Takeovers and Mergers from tutor2u

Introduction to Acquisitions

View more presentations from tutor2u

worlds biggest companies (the economist)

evan davies on growth

cadbury kraft case study
cadbury kraft


orange t-mobile case study
Orange TMobile (BBC)

Orange TMobile (Channel 4)

government clears orange t mobile deal (ft 05/03/10)




tesco growth and profits

tesco interactive

tesco investor relations

Profit Maximisation 2013

principle agent problem - lehman brothers case study






older material

enron affair (bbc 2002)

enron affair (bbc jan 2002)

nick leeson ten year on (bbc 2004)

Revenue Curves 2013

costs and efficiency essay

"Bigger is better.... Small is beautiful ..... Size does not matter."

Explain how a firm can experience dimisnishing returns in the short run and economies of scale in the long run
(15 marks)

Discuss whether large firms in the UK today are necessarily more efficent than small firms
(25 marks)

costs in the long run 2013

productive efficiency and economies of scale
Real World Economics - Economies of Scale by Blessed_Hope








united biscuits production line

big is back article (economist aug 2009)

costs in the short run 2013

 

 

cost curves paj holden

tutor2u notes on short run costs

welker nots on costs

diminishing returns

notes of the behavour of costs

costs quiz (bized)

The Car Industry German v British

Externalities

Externalities provide a goto issue in many econ 3 econ 4 discussions

Market failure + sustainable growth are key themes from micro + macro

Remember the distinction between production (supply) + consumption (demand)

An overview of the source of the externality and the resultant allocative inefficiency should be developed in context before considering policy options

Basic policy pairs are:
Negative - discourage tax + price floor

Positve - encourage subsidy + price ceiling

Easy evaluative tones can be added with elasticity and level of intervention influencing outcomes

Ultimately identifying and valuing external impacts is a difficult (read impossible) process

Government failure should always be referred to to close out the issue
Incomplete info
Unintended consequences
Political bias

econ 3 exam prep