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.
Discussion of current macroeconomic problems in Saudi Arabia, Riyal peg to the dollar, growing foreign reserves, monetary inflation and price inflation, appropriate monetary and fiscal policy, and other global economic and financial issues
Answers questions about the falling prices of gold, oil, and commodities; the stability of the Swiss Franc and Japanese yen; the role of derivatives in the current financial/economic crisis.
Lecture 2 of MBA course in Managerial Economics at Prince Sultan University. Discusses some fallacies and myths on global issues related to the U.S dollar, US economy, gold, oil, and other important and current global economic issues.
MBA Course in Managerial Economics at Prince Sultan University. Lecture 1 covers introductory overview to economics - choice, economic decisions, scarcity, trade-offs, opprtunity cost, marginal analysis, efficiency, resources, utility, modeling.