Micro Learning Objectives for questions over Exam 1

 

PCM

 ECON 2302 MICROECONOMICS   

Chapter 27

Below you will find the learning objective, concept, idea, term, or theory that each question on the exam will cover. Each number in the following list refers to the question number on Exam 4 that will test your knowledge of that specific learning objective. Each of these topics/learning objectives is discussed in the textbook in the order that they are listed below. A much better understanding can often be attained by working through MyEconLab assignments connected to any of these objectives.

 

  After reading this chapter, you should be able to:

  1. Discuss the characteristics of oligopoly
  2. Discuss industry concentrations
  3. Discuss Mergers
  4. Understand Game Theory Basics
  5. Understand Strategies in Games and Payoff Matrices
  6. Understand the difference between cooperative and non-cooperative games
  7. Understand Cartel agreements
  8. Understand Network Effects
  9. Understand the Prisoner’s Dilemma
  10. Understand Tit-for-Tat strategies