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Concept
Outline of industrial organization
Summary
The following outline is provided as an overview of and topical guide to industrial organization:
Industrial organization – describes the behavior of firms in the marketplace with regard to production, pricing, employment and other decisions. Issues underlying these decisions range from classical issues such as opportunity cost to neoclassical concepts such as factors of production.
a field of economics that studies:
the strategic behavior of firms
the structure of markets
Perfect competition
Monopolistic competition
Oligopoly
Oligopsony
Monopoly
Monopsony
and the interactions between them
Production side of Industry:
Production theory
productive efficiency
factors of production
total, average, and marginal product curves
marginal productivity
isoquants & isocosts
the marginal rate of technical substitution
Production function
inputs
diminishing returns to inputs
the stages of production
shifts in a production function
Economic rent
classical factor rents
Paretian factor rents
Production possibility frontier
what production levels are possible given a set of resources
the trade-off between various input combinations
the marginal rate of transformation
Cost side of Industry:
Cost theory
Different types of costs
opportunity cost
accounting cost or historical costs
transaction cost
sunk cost
marginal cost
The isocost line
Cost-of-production theory of value
Long-run cost and production functions
long-run average cost
long-run production function and efficiency
returns to scale and isoclines
minimum efficient scale
plant capacity
Economies of density
Economies of scale
the efficiency consequences of increasing or decreasing the level of production.
Economies of scope
the efficiency consequences of increasing or decreasing the number of different types of products produced, promoted, and distributed.
Network effect
the effect that one user of a good or service has on the value of that product to other people.
Optimum factor allocation
output elasticity of factor costs
marginal revenue product
marginal resource cost
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