[ECON 265] Industrial Organization
A first course in industrial organization that examines the market efficiency implications of competition, monopoly, and the various forms of oligopoly. The structure-conduct-performance framework is used as a basis for predicting the behavior of firms- pricing, advertising, and product differentiation- and the performance of industries- market prices and product quality. The government’s role as a promoter of market efficiency through antitrust policy and regulation is debated, including the views of the conservative “Chicago School.” Case studies and empirical evidence from regulated and unregulated industries are presented.Edit my profile
Prerequisite: Economics 199 and 211.