Industrial Organization

Catalog description

Economic analysis of imperfect competition under a variety of market structures. Firms in imperfectly competitive markets make strategic decisions. Microeconomics analysis of profit-maximization, pricing, vertical/horizontal integration, advertising, efficiency, and public policy is expanded to understand market outcome under various strategies. Effects of imperfect markets and regulation on welfare and efficiency. No Prerequisite(s): take ECON 215 or instructor permission