The last 15 minutes of a Q&A session of the MBA Course at Prince Sultan University. The last session in a series of 24 videos, all available on Google Video.
Game Theory. Product differentiation; Degree of competition in the industry; Barriers to entry; Degree of competitiveness; Excess/Shortage of capacity; ease and ability to expand capacity; Market Power and sources of market power; Pricing Power; Pricing Decision; Cost, profit margins, and overall profitability; oligopoly-like behavior - price leading and price following
Long run cost and production. Isoquant curves. Marginal rate of technical substitution. Isocost curves. Optimal combination of inputs. Cost optimization. Expansion path. Returns to scale; economies of scale; economies of scope
Short-run costs. Production Function, technical efficiency, economic efficiency, short run vs. long-run, fixed and variable costs, average and marginal costs, product costs.
Demand estimation and forecasting. Direct methods - consumer interviews, market studies, market experiments, field studies. demand function specification - linear and log-linear functional form. Time Series Forecasts. Seasonality and Dummy Variables. General Warnings.