Overview
Description
Interrelationships between industrial structure, conduct and performance. Implications for public policy with an emphasis on antitrust law.
Requirements
Units
Lecture3
Catalog Details
Offering
Offered: Every Fall - Odd Years
Terms
fall
Attributes
Standard
Learning Outcomes
- explain the differences between the structure-conduct-performance, Chicago School, and New Industrial Organization approaches to Industrial Organization.
- apply basic game theoretic models to examine firm conduct and explain the consequences for consumer and producer welfare.
- identify various non-price strategies used by firms and explain the consequences for consumer and producer welfare.
- analyze the economic consequences for firms and consumers of imperfect information and identify public policy strategies to mitigate these conseuences.
- use economic theory to demonstrate and describe how advertising may have a positive or negative economic effect and identify the circumstances determining these effects.