ECON 784 / Industrial Organization

3 unit(s)

This applied microeconomic theory course studies the functioning of markets and the strategic interactions of firms and their implications for market outcomes, firms’ profits, consumer surplus, social welfare, and regulations. The main goal of the course is to introduce the key concepts and models used to analyze firms’ behavior in various industries. As the main tools, the course will use a wide variety of microeconomic and game-theoretic techniques. Upon completion of this course, students will be able to understand and analyze various markets and their key properties and draw social welfare and policy implications for these markets.