Listed in: Economics, as ECON-225
Formerly listed as: ECON-24
Jun Ishii (Section 01)
This course examines the determinants of and linkages between market structure, firm conduct, and industrial performance. Some of the questions that will be addressed include: Why do some markets have many sellers while others have only a few? How and why do different market structures give rise to different prices and outputs? In what ways can firms behave strategically so as to prevent entry or induce the exit of rival firms? Under what circumstances can collusion be successful? Why do firms price discriminate? Why do firms advertise? Does a competitive firm or a monopoly have a greater incentive to innovate? In answering these and other questions, the consequent implications for efficiency and public policy will also be explored.
Requisite: ECON 111/111E. Limited to 30 students. Spring semester. Professor Ishii.
If Overenrolled: Some preference will be given to a) students who have taken fewer 200 level economics classes and b) economics majors. The class will be selected to achieve a group with diverse academic backgrounds and interests.