Businesses

Formally called the theory of the firm, the business category focuses on ownership, production and competition. Our goal is to understand business behavior. For ownership, topics include the corporation and sole proprietorships. For production, the focus involves maximizing profits. With competition, topics relate to a continuum that spans the 4 basic market structures: perfect competition, monopolistic competition, oligopoly and monopoly.

  • Venezuela Map

    Income Redistribution: The Venezuelan Economy

    Mar 8, 13 • 659 Views • No Comments

    The Venezuelan economy in 3 pictures: Observed during October, 2010, the sign shows that there is a price ceiling for Diana Oil. At 4,73 bolivars, the ceiling is 32% less than 7 bolivars, its “capitalist price.” As always, price ceilings lead to......  [read more]

  • Love Birds M & A Mergers and Acquisitions

    Mergers and Acquisitions: A Comeback

    Mar 2, 13 • 634 Views • No Comments

    By Alexandra Kaiser, guest blogger, Kent Place School alumna and undergraduate at New York University I have been reading many news articles on recent mergers and acquisitions. 2013 started off with companies spending $219 billion on M&A. Compared to the......  [read more]

  • GDP...16843_5.2_9209625-gdp

    The GDP: French Labor

    Feb 27, 13 • 704 Views • No Comments

    By changing its GDP, France could make its economy look more robust. It also might defuse criticism from the CEO of tire maker Titan. Yes? Probably not but the issues are fascinating. In 2008, French President Nicholas Sarkozy asked Nobel Prize winning......  [read more]

  • Yoplait

    Oligopoly: Competing For Stomach Share

    Feb 24, 13 • 2434 Views • No Comments

    For an oligopoly that sells food, competition is all about “stomach share.” Our story starts with Yoplait… More than a decade ago, General Mills made sure that yogurt would become a popular “health food.” No, it was not because......  [read more]

  • Job Gains in Texas and Losses in Caifornia and Florida

    Minimum Wage: The Tradeoff

    Feb 19, 13 • 1367 Views • No Comments

    Should you support a $9.00 minimum wage? Expressed in a Boston Fed report, the competing arguments on both sides are persuasive. Proponents emphasize the additional spending that will be created, the minimal, if any, job losses, and their support for low......  [read more]