barriers to entry + monopoly

tutor2u posts on monopoly

perfect competition

beware diagram in above video not correct... shows long run equilibrium in momopolistic competition... if perfect the AR curve would be perfectly elastic for the firm

video tutor:
perfect competition video (holden)

revenue curves perfect v imperfect (Holden)

flash based diagrams:
http://www.flashecon.org/profitA/profitA_main.asp - perfect competition

http://www.flashecon.org/profitB/profitB_main.asp - imperfect competition

video case study:  daffodil farmers

technology

Explain how technological change can affect a firm's costs of production and its methods of production?
15 marks

what do we mean by technological change?

• invention + innovation leads to new products and new ways of doing things usually stimulated by R&D expenditure
• quality and quantity of capital influencing productive capacity
• new opportunities in product markets or dismantling of barriers to entry

two areas of discussion

1. affect on costs
2. affect on methods of production

costs

• definition: payments made to factors employed
• technology reduces costs?
• perhaps technology raises productivity of labour (output per worker reducing variable cost or raises value of output per worker)
• could lower productivity? facebook at work (bbc)
• illustrate lower cost
• may raise fixed costs due to investment costs

methods of production

• technology encorporated into capital
• capital intensive v labour intensive
• knowledge intensive labour (highly skilled and high training requirements) or
• deskilling?
• possibility of scale and scope economies
• 24 hour production 365 days a year
• weakening unions

links

• tutor2u economics blog on technology
• tutor2u notes on technology

presentation on invention and innovation (t2u)

innovation and business strategy




kodak case study
kodak in pictures

kodak bankruptcy

bbc click on kodak (jan 2012)

pearson articles and questions

latimes video on kodak

firms objectives - growth

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

objectives of the firm

objective reviewed (holden)

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)

profit maximisation

profit presentation

profit positions work sheet

prfit max exercises

costs in the long run - economies of scale

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

paj holden e of s








united biscuits production line

big is back article (economist aug 2009)