Lec 2 - Lecture 1 (Turbo) - Theory of the Firm. ECON 20100: The Elements of Economic Analysis E. Glen Weyl, Assistant Professor of Economics and the College "Theory of the Firm," September 29, 2011. The first part of this course discusses markets with one or a few suppliers. The second part focuses on demand and supply for factors of production and the distribution of income in the economy. This course also includes some elementary general equilibrium theory and welfare economics. This lecture discusses the central figure of most of the rest of the course: the firm. We begin by briefly discussing the institutional, legal, political and ethical foundations of the profit maximizing firm, focusing particularly on the debate over Corporate Social Responsibility. We then discuss conflicts within firms and the problem of providing appropriate incentives to employees. Finally, we examine which functions occur within and outside of firms and whether this distinction matters. For readings associated with this lecture and slides, visit: http://www.glenweyl.com/teaching
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Tags: university chicago education business economics
Uploaded by: uofcecon ( Send Message ) on 28-08-2012.
Duration: 80m 3s
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This video is a part of a lecture series from of University of Chicago
Lec 1 - Lecture 1 (Regular) - Theory of the Firm
Lec 3 - Lecture 7 - Theory of Monopoly Price Theory
Lec 4 - Lecture 4 (Turbo) - Perfect Competition
Lec 5 - Lecture 2 (Regular) - Supply and Duration
Lec 6 - Lecture 3 (Regular) - Industry Supply and Rents
Lec 7 - Lecture 3 (Turbo) - Industry Supply and Rents
Lec 8 - Lecture 5 - Payment in Accordance with Product
Lec 9 - Lecture 6 (Regular) - Assessing Externalities
Lec 10 - Lecture 6 (Turbo) - Assessing Externalities
Lec 11 - Lecture 8B - Product Design Price Theory
Lec 12 - Lecture 7 (Regular) - Basic Monopoly Theory
Lec 13 - Lecture 8 (Regular) - Price Discrimination
Lec 14 - Lecture 8 (Turbo) - Price Discrimination