Microeconomics: Oligopolistic Markets (In English And Hindi)

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Last updated 7/2022MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHzLanguage: English | Size: 2.10 GB | Duration: 1h 36m

Oligopolistic Markets and their Pricing Strats - Cournot , Stackelberg , Bertrand models for effective learning

What you'll learn
Oligopolistic Models and its Applications in real Business situations through interesting examples and Numericals based on real life situations.​

Cournot, Stackelberg , Bertrand Models discussing the competitive and collusive pricing strats.
Manage Pricing Decisions
Understand the different strats of Pricing and be able to differentiate between them
Requirements
No Prerequisites as such because the instructor has taught the entire concept from the scratch and its a skill which everyone should learn and implement . Even the smallest of startups and Entrepreneurs would benefit by knowing the effective pricing strategy and know how different firms follow a competitive and collusive pricing strats.
Description
Oligopoly is a fascinating market structure due to interaction and interdependency between oligopolistic firms. What one firm does affects the other firms in the oligopoly.The reason there are more than one model of oligopoly is that the interaction between firms is very complex. It depends on whether the product is homogeneous or differentiated, whether there is a dominant firm, whether firms compete based on output or price, etc.Somes firms in an oligopoly try to form a cartel by agreeing to fix prices or to divide the market among themselves, or to restrict competition some other way. The primary characteristic of the Cartel Model is collusion among the oligopolistic firms to fix prices or restrict competition so that they can earn monopoly profits.In this Course you will learn1. The behaviour of Oligopolistic Markets2. The Cournot Model to understand the Equilibrium : Cournot equilibrium is the output level at which each firm in the oligopoly maximizes its profit given the output level of all other firms. No firm can gain from chag its output level away from Cournot equilibrium because the response of other firms will wipe out any additional profit.3. The Stackel Berg Model : A Stackelberg oligopoly is one in which one firm is a leader and other firms are followers. This model applies where: (a) the firms sell homogeneous products, (b) competition is based on output, and (c) firms choose their output sequentially and not simultaneously.4. The Bertrand Model ( Can a Pricing strategy be designed in case of Homogeneous Goods)5. The Differentiated Pricing Model ( Competitive and collusive Equilibrium)

Overview

Section 1: Introduction to Oligpolistic Markets & the Cournot Model

Lecture 1 Introduction to Oligpolistic Markets & the Cournot Model

Section 2: Cournot Model Continued

Lecture 2 Cournot Model Continued

Section 3: Stackelberg Model ( First Mover Advantage of Pricing)

Lecture 3 Stackelberg Model ( First Mover Advantage of Pricing)

Section 4: Bertrand Model

Lecture 4 Bertrand Model- Pricing for Homogeneous Products

Section 5: PRICE COMPETITION WITH DIFFERENTIATED PRODUCTS

Lecture 5 PRICE COMPETITION WITH DIFFERENTIATED PRODUCTS

Any one who wishes to learn decision making using logical reasoning , market analysis through systematic Calculations.

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