ECON 382(S) Industrial Organization
This course examines the interaction of firms and consumers in monopoly and
imperfectly competitive markets. We begin with an investigation of how firms
acquire market power. Using game theoretic models, we then analyze the strategic interaction between firms to study their ability to protect and exploit market
power. Aspects of strategic decision-making that we shall study include: price
discrimination, product selection, firm reputation, bundling and collusion. We
conclude with a discussion of the role of anti-trust policy. Theoretical models
will be supplemented with case studies and empirical papers.
Format: lecture/discussion. Requirements: There will be several problem sets as
well as a midterm and final examination. A group paper and presentation will
also be required.
Prerequisites: Economics 251 and preferably some familiarity with statistical
analysis. Enrollment limit: 25 (expected: 25). Preference given to senior majors.