Outline of industrial organization

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 Pr