Econ on the Go

This introductory episode explains the basic principles upon which microeconomics is based.

How can firms overcome the challenges of aligning incentives within the organization?

These two models of asymmetric information occur before the economic relationship (adverse selection) or after the contract is signed (moral hazard).

The quantity-choice oligopoly games are Cournot (simultaneous) and Stackelberg (sequential).

What are oligopolies, how are they regulated, and what is the Bertrand pricing model?

Sequential games and how to solve them are explained.

This covers the principles of game theory, and explores the simultaneous move games (like Prisoner's Dilemma).

Two pricing strategies firms can use to increase revenue are two-part tariffs (a fixed fee plus a per-unit charge) and bundling (selling two different products/services together in a package).