Course Description:
Investigation of how market structure and firms' conduct influence economic performance. Topics include oligopoly theory, entry barriers, merger activity, product differentiation, and innovation. Effects of governmental regulation (and deregulation) and antitrust policy are also examined in detail. [Prerequisite: Priciples of Microeconomics (ECN 202) or equivalent]
Course Description: This course
explores the behavior of firms and industries when markets are
characterized by imperfect competition. Our main focus is on
the static and dynamic nature of rivalry among firms and the corresponding
formulation of strategies for sustained dominance in marketplaces from a
firm's perspective. The normative implications of such strategic behavior are also examined from the economic efficiency perspective. [Prerequisites: ECN 610 or equivalent and
intermediate microeconomics]