THE INFORMATION BELOW IS PRELIMINARY AND SUSCEPTIBLE OF (MINOR) ADJUSTMENTS AND CHANGES
The nature of Industrial Organization
Lynne Pepall, Dan Richards, George Norman
This course will introduce you to the essential ideas of industrial organization, which is essentially the economic analysis of imperfectly competitive markets and their relationship to the structure of firms. Attention to the regulation of real-world competition distinguishes this course from related courses of microeconomics and game theory. The goal is an understanding of the qualities of actual markets found in advanced capitalist economies, where outcomes and their assumed foundations differ substantially from those of models of perfect competition.
Some simple Math (basic ideas of calculus) and Microeconomics (basic ideas of theory of consumption, production, perfect competition and monopoly).
Lectures, tutorials and "experimental" classes (depending on the number of enrolled students).
Type of Assessment
2/3 Class activities and problem sets. 1/3 Written exam with questions and exercises.
Weeks 1-2: An introduction to Industrial Organization, basic microeconomics concepts, market structure and market power