Example syllabus only – exact content subject to change. Please see your instructor’s syllabus for the current term for your specific course’s guidelines
University of Massachusetts, Amherst Department of Resource Economics
TuTh 2:30 to 3:45 pm, Holdsworth 202
Professor: Dr. Nathalie Lavoie (she/her, phonetics: Na-tuh-lee Lav-wa)
Office: 220A Stockbridge Hall
Phone: 545-5713
E-mail: @email
Office hours: Tuesdays, 12 – 1 pm, in Stockbridge 220A; Wednesdays, 12 – 1 pm, on Zoom, https://umass-amherst.zoom.us/j/95480075198
These are times I reserve for you. Even if you don’t have specific questions, needs and concerns, I would love to talk with you at least once during the semester. My office is open to everyone in the class during this time. If you prefer having a private meeting or can’t make these times, please email me to schedule an appointment (in person or over Zoom).
Teaching Assistant: Mr. Jing Gan @email)
Office hours: Wednesdays, 4-5 pm, Stockbridge 410.
Communications
The best way to contact me is by e-mail. I will do my best to respond within 24 hours during work-week days. Do not hesitate to contact me again if you have not received a response within this time frame. Please feel free to call me Nathalie (“h” is not pronounced). I am committed to ensuring that I address you with your chosen name and pronouns. Please let me know in Reflection 1A the name and pronouns I should use for you.
ECHO360 lecture recordings
Lectures will be video and audio recorded and distributed in Canvas through ECHO360. This will help you catch up if you are unable to attend class for any reason. The system is designed to capture the instructor and the front of the classroom and should avoid capturing students’ likeness. However, students' participation may be recorded. The recordings will not be made available to anyone outside of the class. Do note that there is no guarantee that the recordings will be of a sufficiently good quality as to be audible, clear or useful. Technical malfunctions are likely to occur from time to time. I recommend that you attend our class meetings rather than rely on the availability of recordings.
Course format
I will mix lectures with active engagement with the material in the form of polling with iClickers. The iClicker questions will help me assess how the class as a group is grasping the information conveyed and will help you confirm your understanding. Being engaged with the material during our meetings will help you succeed in this course.
At the end of class on Thursdays, a subset of students will present their analysis of a Wall Street Journal article (see I.O. in the WSJ below). Engaging your classmates with questions and comments will increase the value of this activity.
Course Web Page
I will post most information relevant for this course on Canvas, and it is critical that you regularly check the website to stay up to date with information. On Canvas you will find links to course material and assignments, organized by weeks. I will use the Announcement section to post all significant news about the class and to send reminders about what is due each week. Updates will be automatically sent from Canvas to your official UMass email. You are responsible for reading these announcements. If you must miss a class, it is your responsibility to watch the lecture recordings, or talk with classmates, to know important announcements you missed.
Course Description
In this course we examine markets: their structure, the strategies used by firms involved in the markets, and the overall economic performance of markets. Markets in the real world depart from the economist’s simplified setting of perfect competition and these differences vary from minor to major factors affecting a market’s performance. Although all markets can be analyzed with the methods learned in this course, our primary emphasis will be on consumer goods markets. The analysis is from an industrial organization perspective and will build on your knowledge of intermediate microeconomics. Topics we will cover include: competition, market power, product differentiation, advertising, barriers to entry and exit, mergers, firm rivalry, competitive strategies including pricing and nonprice strategies, and market performance including prices, costs, labor issues, progressiveness, and product quality. At the end of this course, you will have a solid grasp of an analytical framework and the most important theories to understand events affecting firms and markets.
Students typically take RES EC 453 in the following semester, where the attention turns to public policy's role in market performance, covering such issues as competition policies (e.g., the antitrust laws) and industry regulations (e.g., nutrition labeling).
Required Material
- Book: Industrial Organization: Theory and Practice, Waldman and Jensen, 5th edition, Addison-Wesley, 2019. (The 3rd and 4th editions are fine as well, but page numbers and sections may not match the 5th edition. I provide relevant page numbers for the 4th edition in the syllabus, but not the 3rd). The ebook version is available from the UMass library ereserves (see link in Canvas), note that only six students at a time can use the book.
- The Wall Street Journal: Daily reading of relevant articles is required and, hence, may be referenced on exams. The WSJ will also be used for I.O. in the WSJ, Industry Study, homeworks, clicker questions, and exams. Reading the WSJ allows us to use and challenge the economic theory we are learning. Student rate = $4 per month using this URL: https://r.wsj.com/PROFw0ac
- iClicker. This is a personal response system that you will use in class to respond to questions. Clickers start counting toward your grade on Thursday, February 5th. Join link: https://join.iclicker.com/NWNV. You can respond using either 1) an iClicker2 remote, or 2) your smartphone, tablet, or computer. For the latter option, you must purchase iClicker Cloud Access, see this website: https://mhe.my.site.com/iclicker/s/article/How-to-Purchase-a-Subscription- in-the-iClicker-Student-App
Learning Objectives
- To express yourself in written and spoken form using appropriate economic and industrial organization (IO) terminology.
- To know, understand, and use correctly the Structure-Conduct-Performance (SCP) paradigm to analyze market/industry events and situations.
- To understand and apply IO models and theories verbally, graphically and algebraically.
Integrative Experience
This course will satisfy the General Education (GenEd) Integrative Experience requirement for Resource Economics majors when taken with ResEcon 394.
“The Integrative Experience (IE) requirement at UMass Amherst addresses the challenges associated with educational fragmentation. Positioned in the upper-division, the IE provides students with a structured opportunity to look back on their early college learning experiences, reflect upon and make connections between those earlier experiences and the more advanced work in their major, and use their integrated learning to prepare for the demands of the world beyond the University.”
You will have the opportunity to reflect on prior GenEd and Resource Economics courses by engaging with current issues presented in Wall Street Journal articles in class and in the context of two course assignments (I.O. in the WSJ and the Industry Case Study). You will use prior coursework and this course’s analytical framework to analyze the articles.
You will practice the following two criteria of IE:
- The group project “I.O. in the WSJ” will offer you a shared learning experience with your project teammates for applying your prior learning here at UMass Amherst to a real-world issue related to the structure-conduct-performance of markets and presenting your analysis to class to stimulate discussion.
- You will have the opportunity to practice GenEd learning objectives of critical thinking, collaboration, and interdisciplinary perspective-taking by completing research on an industry.
Department of Resource Economics’ Student Learning Objectives (SLOs)
This course contributes to the following student learning objectives and experiential goals for undergraduate students in the Department of Resource Economics:
| Student Learning Objectives (SLO) | Component(s) of the Course that Meet the Objective |
|---|---|
| SLO #2: Understand and master microeconomics as a foundational theory. | Industrial Organization theories covered in the course. |
| SLO #5-a): Communicate effectively orally. | I.O. in the WSJ (oral presentation) |
| SLO #5-b): Communicate effectively in writing. | I.O. in the WSJ (written analysis) Industry Case Study |
| SLO #5-c): Communicate effectively using current digital and multimedia technology. | I.O. in the WSJ (Powerpoint slide show) |
| SLO #8: Consistently foster safe, fair, open, and diverse professional and social environments. | Classroom environment |
| SLO #9: Continually integrate new knowledge gained from a variety of sources, with ability to discern the quality of the source, in order to make well-informed decisions. | Research for the Case Study |
| Experiential Goal | |
|---|---|
EG #1: Enhance teamwork/collaborative skills through a. Group work, activities, assignments, etc., | Teamwork in I.O. in the WSJ Teamwork in the Industry Case Study |
EG #2. Experience active learning strategies: flipped classrooms, debate, field trips, economic experiments and games, presentations, student-response system (e.g., iClicker, Google Forms), etc. | In-class iClickers and economic games/experiments. |
Attendance Policy
Regular attendance is expected since much of the learning in this course happens through in-class explanations, activities, and discussions. Please keep in mind that i>clicker credit can only be earned by attending class.
Course Work
The course work is designed to help you engage with, reinforce, and apply the material presented in class and in the textbook. If you experience challenges in your personal life that prevent you from submitting on time, you must fill the Extension Request Form on Canvas at least 24 hours before the deadline to make an arrangement. Please do not wait until the end of the semester to inform me of difficulties keeping up with class work. You matter at UMass – if you are struggling, make sure to connect with the many resources on campus that stand ready to assist you (http://umass.edu/umatter/resources).
Homework: There will be approximately 10 assignments focusing on application of concepts. They will be assigned weekly and will alternate between written homework submitted in Canvas, and OWL homework completed and submitted in OWL. Homeworks are worth 18% of your grade. I will drop the two lowest homework scores (one from each set, i.e., written and OWL). Important notes:
- You can do the written homework jointly with three other students (maximum four students per team). If you make use of this option, only one student will submit but please make sure to put all names on your submission. Team members will receive the same score. If you enjoy learning and studying with others, I encourage you to form a team for these homeworks as you will gain knowledge and confidence by discussing problems and solutions with other students. However, I discourage the formation of teams as a way to reduce workload as it defeats the purpose of the assignments, namely to give you an opportunity to practice and think about materials covered in lectures and the book. While I have no way of enforcing how you handle your homework, it is your personal responsibility to make sure your team submits a complete homework on time. If you haven’t filled in the Extension Request Form on Canvas 24 hours before the deadline, you can still turn it in. However, you will not be able to receive full credit. Each day late will reduce your score by 20%. Under no circumstance will you receive a better grade or even the opportunity to turn in parts of the homework late because “your partner did not do their share of the work.” Late or incomplete submissions will affect all team members.
- Written homeworks must be typed (i.e., not hand-written) and submitted in pdf form in Canvas.
- OWL is an online learning system that allows you to do problems and immediately receive feedback on your work. OWL homework must be done individually and questions will vary across students. You have the opportunity to answer each question multiple times and the maximum score will be kept. Why? Practice helps you gain confidence. Note that it is not possible to submit OWL homework late for less credit because grading is automated. You can access OWL through our Canvas course, as well as through https://owl.umass.edu, click on Resource Economics, and log in with your UMass NetID. Click on “My Courses” on the left and select Res-Econ 452: Spring 2025 Section 1. Click on the button “Go to Assignments” on the top right to see the homeworks that have been assigned.
Reflections: As part of the Integrative Experience component of the course, you will be asked to reflect on your learning experience. The goal is to help you reflect on what you know, what you need to learn, how you learn it, and then reflect on what you have learned and how this is applicable beyond this course. The four brief questionnaires will be submitted in Canvas and are worth 2% of your grade.
Quizzes: There will be a weekly quiz due on Monday (11:59 pm) in Canvas on the material that will be covered during that week. The purpose of the quizzes is to encourage you to read the relevant sections of the book. Being familiar with the material prior to our covering it in class will enhance your comprehension and retention. Quizzes are worth 5% of your grade. I will drop the lowest two quiz scores.
I.O. in the WSJ: We will have Industrial Organization (I.O.) in the Wall Street Journal (WSJ) presentations during our Thursday meetings. We will spend part of these meetings hearing about and discussing a recent article in the context of the Structure- Conduct-Performance (SCP) Paradigm. Please see the guidelines posted in Canvas for more details. Most of your work will be done in a team and this is worth 10% of your grade.
Industry Case Study: Pick an industry (within a selection of five) you are interested in studying this semester. Over the course of the semester, you will study its Structure, Conduct, and Market Performance. Please see the guidelines posted in Canvas for more details. This study can be done in a team and is worth 15% of your grade.
Exams: One two-hour midterm exam is given during the evening and is worth 20% of your course grade. The comprehensive final exam is worth 25% of your course grade. Make-up exams will be given only for academic conflicts or extenuating circumstances as defined in the Academic Regulations and with prior arrangement. Be prepared to document the reason of your absence and advise me ahead of time if possible by e-mail and phone (413-545-5713, please leave a message with your phone number).
Optional (Extra Credit) Weekly Study Sheets: To encourage continuous review and help with exam preparation, you may earn extra credit by submitting optional weekly study sheets summarizing the most important material covered that week. Each study sheet should be no more than one page and include: (i) key concepts, models, or equations from the week explained in your own words, (ii) a representative example, graph, or problem with brief explanation, and (iii) a short reflection or remaining question (“muddiest point”). Study sheets are graded for completeness and effort rather than perfect accuracy and must reflect your own understanding. You are invited to make a submission most weeks, due on Sundays, 11:59 pm, in Canvas. Each submission counts for 0.25% for a maximum of 2% of your final grade. No late submission accepted under any circumstance, missed weeks do not incur any penalty.
i>clicker Response System:
- We will use this system every class period. Each class period is worth the same number of points regardless of the number of clicker questions. For most questions, you will earn 50 percent of the points for the correct answer, and 50 percent to participate. In other words, you earn at least 2.5 percent of your grade just for participating. Clickers are used to help you learn and should improve your grade. However, if your clicker score is less than your Final Exam score, the clicker score will be removed from your grade and its weight will be added to the final exam's weight.
- I will drop your three lowest clicker scores. These “free passes” are to be used for absolutely any reason you must miss class, forget clicker, etc.
- To get clicker credits, you must be present in class with your clicker and send your response to each question before the time expires. Given the nature of these assignments and the weight of each question on your final grade, under no circumstance you will be able to make-up clicker questions, including for technical problems with your clicker (it is your responsibility to monitor the life of your batteries and carry extra ones).
- The purpose of clickers in this course is not to take attendance, thus should you forget to bring your clicker you will not receive clicker participation credits.
- To obtain clicker credits, you must register your clicker. Instructions are here or find the link in the “Course Resources” page in Canvas.
- Answering clicker questions using a classmate’s clicker or iClicker Cloud account is considered academic dishonesty and will be treated accordingly (see Academic Honesty section). If an iClicker response is recorded under your name when you are not present, I will assume academic misconduct and take appropriate action.
Practice Problems: For students who want additional practice, there are two options besides the mandatory homework. The textbook has problems at the end of each chapter and provides solutions for the odd ones. Additionally, there are Practice Problems and Solutions in Canvas. These are voluntary and not graded (though of course you are welcome to discuss them with me or the TA). They provide an opportunity to get yourselves more comfortable with the course material and should be helpful when studying for the exams.
Use of Artificial Intelligence (AI)
You may use ChatGPT, Copilot (recommended by UMass), Grammarly, Bard, or any other AI tool to improve your writing style, clarity, and expression (e.g., to help with grammar, punctuation, spelling, sentence starters, transitions between paragraphs), and to support your research. However, if you directly copy any text from an AI tool into your own assignments, this is considered plagiarism (see Academic Integrity section). Important notes:
- AI tools are not always right. They are notorious for producing misinformation and fabricating information. It is your responsibility to verify the credibility, accuracy, and trustworthiness of any information you use from these tools. This means that if you submit incorrect information because of using an AI tool, you will be graded accordingly.
- Because AI tools are frequently unreliable, they are not citable sources. For example, if you find market share data by asking ChatGPT, you cannot cite ChatGPT as the source. You must cite and verify the source used by ChatGPT.
- Be aware that AI tools can plagiarize without citing references.
- For most assignments in this course, you will be asked to specify whether you used any AI tools and, if so, to identify the tool you used and for which purpose.
Grades
Grades will be calculated according to the following percentages:
| Course component | Percentage | When |
|---|---|---|
| Homework | 18% | Nearly every week. Two lowest scores dropped, one from written set, one from OWL set. |
| Reflections | 2% | Four times during the semester. |
| Quizzes | 5% | Nearly every week. Two lowest scores dropped. |
| iClickers | 5% (or 0% if iClicker<Final) | Every lecture. Three lowest scores dropped. |
| I.O. in the WSJ | 10% | One team posting and presentation. One evaluation. |
| Industry Study | 15% | Three installments during the semester. |
| Midterm Exam | 20% | Thursday, March 26, 7-9 pm, Holdsworth 203. |
| Final Exam | 25% (or +5% if iClicker<Final) | Tuesday, May 12, 3:30 – 5:30 pm, Holdsworth 202. |
| Extra credit*: study sheets | 2% | Optional. Nearly every week. |
* No other extra credit will be given under any circumstance.
The minimum percentages needed for course grades are as follows:
| F | D | D+ | C- | C | C+ | B- | B | B+ | A- | A | |
| Course grade | - | 60 | 63 | 67 | 70 | 73 | 77 | 80 | 83 | 87 | 90 |
| Grade points | - | 1 | 1.3 | 1.7 | 2 | 2.3 | 2.7 | 3 | 3.3 | 3.7 | 4 |
Disability Accommodations
The University of Massachusetts Amherst is committed to making reasonable, effective, and appropriate accommodations to meet the needs of students with disabilities and help create a barrier-free campus. If you have a disability and require accommodations, please register with Disability Services, meet with an Access Coordinator in Disability Services, and send your accommodation letter to your faculty. Information on services and registration is available on the Disability Services website (https://www.umass.edu/disability/).
Diversity and Inclusion
It is my intent that students from all diverse backgrounds and perspectives be well served by this course, that students' learning needs be addressed both in and out of class, and that the diversity that students bring to this class be viewed as a resource, strength, and benefit. It is my intent to present materials and activities that are respectful of diversity: gender, sexuality, disability, age, socioeconomic status, ethnicity, race, and culture. Your suggestions are encouraged and appreciated. Please let me know ways to improve the course effectiveness for you or for other students or student groups.
Inclusive Learning & Academic Alerts
Your success in this course is important to me. We all learn differently and bring different strengths and needs to the class. If there are aspects of the course that prevent you from learning or make you feel excluded, please let me know as soon as possible. Together we will develop strategies to meet both your needs and the requirements of the course.
Academic Alerts: I have partnered with Student Success and your academic advisors to assist you on your path to success. Throughout the semester, I will communicate with Student Success & academic advisors regarding your progress in the course. If you are contacted, please consider scheduling appointments such as tutoring or academic advising and with me. Referrals are not punitive and are meant to assist you in connecting with resources at UMass. Please email @email if you have any questions or need assistance connecting with resources.
There are a range of resource on campus, including:
- Writing Center: http://www.umass.edu/writingcenter
- Learning Resource Center: http://www.umass.edu/lrc
- Student Success: http://www.umass.edu/studentsuccess/
- Center for Counselling and Psychological Health (CCPH): http://www.umass.edu/counseling
- English as a Second Language (ESL) Program: http://www.umass.edu/esl
Title IX – Responsible Employee
In accordance with Title IX of the Education Amendments of 1972 that prohibits gender-based discrimination in educational settings that receive federal funds, the University of Massachusetts Amherst is committed to providing a safe learning environment for all students, free from all forms of discrimination, including sexual assault, sexual harassment, domestic violence, dating violence, stalking, and retaliation. This includes interactions in person or online through digital platforms and social media. Title IX also protects against discrimination on the basis of pregnancy, childbirth, false pregnancy, miscarriage, abortion, or related conditions, including recovery. There are resources here on campus to support you. A summary of the available Title IX resources (confidential and non-confidential) can be found at the following link: https://www.umass.edu/titleix/resources. You do not need to make a formal report to access them. If you need immediate support, you are not alone. Free and confidential support is available 24 hours a day / 7 days a week / 365 days a year at the SASA Hotline 413-545-0800.
For purposes of Title IX reporting, I am a considered a “responsible employee” at UMass (https://www.umass.edu/titleix/about). That means that if you tell me about a situation involving sexual assault, sexual harassment, domestic violence, dating violence, stalking, and retaliation, I must share that information with the Title IX Coordinator. Making a report to the Title IX Coordinator is my legal obligation, meets the University's goal of providing members of our community with supportive resources they might need, and enables the University to obtain a more accurate picture of the extent of sexual violence in our community. It will be completely up to you to determine if and how you want to work with the Title IX Coordinator's office. You will not be in trouble for reporting to me that you have experienced any of these situations, and the law prohibits retaliation against anyone who participates in a Title IX process.
Academic Integrity
I trust that you will participate in this course with honesty and integrity. If you are not sure whether you are violating the university’s academic honesty policy, please ask me. I will be enforcing this policy (see link below).
UMass Amherst is strongly committed to academic integrity, which is defined as completing all academic work without cheating, lying, stealing, or receiving unauthorized assistance from any other person, or using any source of information not appropriately authorized or attributed. As a community, we hold each other accountable and support each other’s knowledge and understanding of academic integrity. Academic dishonesty is prohibited in all programs of the University and includes but is not limited to: Cheating, fabrication, plagiarism, lying, and facilitating dishonesty, via analogue and digital means. Sanctions may be imposed on any student who has committed or participated in an academic integrity infraction. Any person who has reason to believe that a student has committed an academic integrity infraction should bring such information to the attention of the appropriate course instructor as soon as possible. All students at the University of Massachusetts Amherst have read and acknowledged the Commitment to Academic Integrity and are knowingly responsible for completing all work with integrity and in accordance with the policy: (https://www.umass.edu/senate/book/academic-regulations-academic-integrity-policy)
Please also see the Academic Honesty Guide for Students:
https://www.umass.edu/honesty/sites/default/files/academic_honesty_guide_for_students78.pdf
Copyright and Sharing of Material
As a student in this course, you will have access to relevant materials, including but not limited to, videos, all course recordings, homework and exam questions and solutions, lecture slides, the instructions and examples for IO in the WSJ and the Case Study, and this syllabus. These materials are protected by U.S. copyright laws and by university policy. I am the exclusive owner of the copyright in materials I create.
You may take notes and make copies of course materials for your own use in this class. You may also share those materials with another student who is registered and enrolled in this course.
You may NOT reproduce, distribute, upload, or display any lecture notes or recordings or course materials in any other way— whether or not a fee is charged — without my express written consent. If you do so, you may be subject to disciplinary action under the UMass Code of Student Conduct.
Similarly, you own the copyright to your original papers and exam essays. If I am interested in posting your answers or papers on the course web site, I will ask for your written permission.
Tentative Course Schedule
(**Please follow Canvas and Course Announcements)
Week (Monday-Sunday) | Topics (and associated sections of the textbook) | Due* | To read by end of this week (in 5th ed. of book by Waldman and Jensen) |
|---|---|---|---|
1: Week of Jan. 26 (lecture 1) | Introduction to the course I. The Basics of Industrial Organization
| Reflections 1A & 1B | Chapter 1 Chapter 2 Section 4.1.2 |
| 2: Week of Feb.2 (lectures 2-3) |
| Quiz 1 HW #1 (written) Teams due 2/6, 11:59 pm Extra credit #1 | Sections 3.1 & 3.2 |
3: Week of Feb. 9 (lectures 4-5) |
| Quiz 2 HW #2 (OWL) Case Study: Inst. 1 Extra credit #2 | Sections 3.3 & 3.4 |
| 4: Week of Feb.16 (lectures 6) | b) Monopoly (sections 3.3 & 3.4) | Quiz 3 HW #3 (written) | Section 10.4 (p.266 only) [4th ed: Section 13.4 (p.430-1)] |
5: Week of Feb. 23 (lectures 7-8) | Monopoly (continued) c) Monopolistic competition (section 10.4 - p.266 only)
| Quiz 4 HW #4 (OWL) Extra credit #3 | Application 4.1 Section 4.1 |
6: Week of March 2 (lectures 9-10) |
| Quiz 5 HW #5 (written) Extra credit 4 | Chapter 5 [4th ed: ch. 4, p. 112-123] Section 4.2 (up to and including Application 4.2) |
7: Week of March 9 (lectures 11-12) |
| Quiz 6 HW #6 (OWL) Case Study: Inst. 2 Extra credit #5 | Section 4.2 (after Application 4.2) |
8: Week of March 23 (lecture 13, 14 = midterm) |
| Midterm exam: Thursday, March 26, 7-9 pm, Holdsworth 203. | Chapter 6 (except section 6.5) [4th ed.: ch. 7 except section 7.5] |
9: Week of March 30 (lectures 15-16) | II. Modern Industrial Organization: Game Theory and Strategic Behavior
| Quiz 7 Extra credit #6 | Section 7.1 (except 7.1.3) [4th ed.: section 8.1 except 8.1.3] |
10: Week of April 6 (lectures 17-18) |
| Quiz 8 HW #7 (written) Reflection 2 (tentative) Extra credit #7 | Section 7.1 (except 7.1.3) [4th ed.: section 8.1 except 8.1.3] |
11: Week of April 13 (lectures 19-20) | b) Cournot Reaction Functions | Quiz 9 HW #8 (OWL) Reflection 3 (tentative) Extra credit #8 | Section 7.3 (except 7.3.1) [4th ed.: sec. 8.3 except 8.3.1] Chapter 13 (except 13.3) [4th ed.: ch. 9 p. 259-268] Section 13.1 Section 13.2 (intro only) |
12: Week of April 20 (lectures 21-22) | c) Cournot with more than 2 firms 2. Model of How Firms Compete by Choosing Price: Bertrand Model (section 7.3, except 7.3.1) C) Collusion: The Great Prisoner’s Dilemma (Chapt. 13, except 13.3) 1. Strategies to Maintain Collusion
| Quiz 10 HW #9 (OWL) Extra credit #9 | Section 13.4 [4th ed.: section 9.4] Chapter 14 – Section 14.1 [4th ed.: ch. 11 – sec. 11.1] |
13: Week of April 27 (lectures 23-24) | c) Tit-for-Tat and Trigger Price in the real world (section 13.1) 2. Factors Affecting Ease or Difficulty of Collusion (section 13.4)
Introduction: Maximizing profit in long run & discount rate
| Quiz 11 HW #10 (written) Case Study: Inst. 3 Extra credit #10 | Chapter 14 – Section 14.1 [4th ed.: ch. 11 – sec. 11.1] p. 66-67 [4th ed.: 70-72] Chapter 15: skip math [4th ed.: ch. 12] |
14: Week of May 4 (lectures 25-26) |
| Quiz 12 Reflection 4 Course Evaluation Extra credit #11 | |
| Final Exam | Tuesday, May 12, 3:30-5:30 pm, Holdsworth 202 | ||
*Quizzes are due on Mondays 11:59 pm, Homeworks are due on Thursdays 11:59 pm, Reflections and Case Study Installments are due Fridays 11:59 pm, Extra credit Study Sheets are due Sundays 11:59 pm.