Readings from 8th Edition of P&R

MODULE 1: THE DEMAND SIDE

Introduction; Individual Demand, Market Demand
P&R: Ch. 4: Market Demand, pp. 124-126, Consumer Surplus, pp. 132-135
Demand Estimation and Elasticity
P&R: Ch. 2: Elasticity of Demand, pp. 33-45;
Ch. 4: Elasticity of Demand, pp. 126-132, Empirical Estimation of Demand, pp. 139-143

MODULE 2: COST CONCEPTS IN ECONOMICS

Firm Cost Fundamentals
P&R: Ch. 7: Measuring Costs: Which Costs Matter? pp. 229-237; Cost in the Short Run, pp. 237-242;
Economies & Diseconomies of Scale, Scope, and Learning Curve, pp. 255-265
MODULE 3: PROFIT MAXIMIZATION & COMPETITIVE SUPPLY
Perfect Competition: Price and Output in the Short Run & Long Run
P&R: Ch. 8: Profit Maximization & Competitive Supply: pp. 279-314
Ch. 2: Supply & Demand, pp. 21-32, Elasticity of Supply: pp. 45-48
MODULE 4: SUPPLY & DEMAND ANALYSIS
Externalities
P&R: Ch. 18: Externalities, pp. 661- 666, Ways of Correcting Market Failure, pp. 667-678
Price Controls and Taxes in the No Externality Case
P&R: Ch. 9: Analysis of Competitive Markets, pp. 317-339, Tax Incidence, pp. 345-351
International Trade: Import Quotas and Tariffs
P&R: Import Quotas and Tariffs: pp. 340-344
MODULE 5: DECISIONS WITH RISK & ASYMMETRIC INFORMATION
Risk Preferences & Market Equilibrium with Risk
P&R: Ch. 5: Uncertainty & Consumer Behavior, pp. 159-176
Dealing with Risk & Asymmetric Information
P&R: Ch. 17: Markets with Asymmetric Information, pp. 631-651
MODULE 6: SINGLE-PRICE MONOPOLY
Monopoly: Price and Output
P&R: Ch. 10: Monopoly Pricing and Monopoly Power, pp. 357-377; The Social Costs of Monopoly Power:
pp. 377-382; Antitrust Laws, pp. 389-395

MODULE 7: PRICING WITH MARKET POWER

Price Discrimination: Fundamentals
P&R: Ch. 11: Capturing Consumer Surplus & Price Discrimination, pp. 399-410
Intertemporal Price Discrimination and Peak-load Pricing
P&R: Ch. 11: Intertemporal Price Discrimination/Peak-load Pricing, pp. 410-413
Two-Part Tariffs
P&R: Ch. 11: The Two-Part Tariff, pp. 414-419
MODULE 8: OLIGOPOLY & COMPETITIVE STRATEGY
Oligopoly: Prisoners Dilemma & Coordination Games
P&R: Ch. 12: The Prisoners Dilemma, pp. 469-472
Ch. 13: Gaming/Dominant Strategies/Nash Equilibrium: pp. 487-494
Tacit and Explicit Collusion
P&R: Ch. 13, Repeated Games, pp. 498-502
Oligopoly: Sequential Games
P&R: Sequential Games/Credible Threats: pp. 502-510