INDUSTRIAL ORGANIZATION

Catalog description

In this class we will examine why firms and industries behave the way that they do. We will explore why some industries face intense competition while others enjoy large profits, why some industries offer only bundles, and why some firms buy up their supply chain when others do not. This course will use your economic knowledge, a bit of psychology (behavioral economics) and game theory to answer questions like "Why does everyone hate the cable company?" and "Why are CEOs given so many stock options?" This theoretical course will illuminate un-theoretical implications to your life and future business ventures. With this course, you will better understand how to design and price products, what industry characteristics results in larger profits, and numerous other skills relevant to businesses of all sizes. (Cross-listed with ECON 4210 ).