Industrial Organization ((4 Credits))

Catalog description

Industrial organization examines the structure, conduct, and performance of firms and industries. Industrial organization is essentially the economic analysis of the conduct and performance of firms in imperfectly competitive markets and the relationship of this behavior to various market structures. Strategic behavior of firms is studied using game theory. Antitrust issues and the regulation of real-world competition are examined in detail. The goal of this course is to provide an understanding of how the qualities of actual markets and firms found in advanced capitalist economies influence firm performance and market outcomes when firms and markets differ substantially from models of perfect competition. The course satisfies economics skills in BME guidelines. Note: This course builds on learning gained through a study of introductory microeconomics. Prerequisites: Microeconomics ( ECON 3080 ), or equivalent.