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Dec 22, 2024
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ECON 3320 - Industrial Organization
Market structures, market conduct, and social performance of industries. Emphasis upon firms’ strategic behavior in price and nonprice competition. Topics include oligopolistic pricing, strategic entry deterrence, location strategies, product quality, advertising, and research and development. Economic welfare implications of firms’ behavior examined.
Requisites: ECON 1030 and (MATH 163A or 1350 or 2301 or 2302)
Credit Hours: 3
Repeat/Retake Information: May be retaken two times excluding withdrawals, but only last course taken counts.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,WP,WF,WN,FN,AU,I
Learning Outcomes: - Analyzing cooperative (cartels) and non-cooperative firm behavior.
- Discussing corporate governance issues.
- Understanding how asymmetric information about quality and prices can affect market outcomes.
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