ECON 7237 - Industrial Organisation PG

This course in applied microeconomics is concerned with the behaviour and performance of firms in markets, with a focus on strategic interactions. It goes beyond the perfectly competitive model by considering the nature of firms’ market power and how it affects their behaviour and subsequently consumers’ welfare and policy-makers. Topics covered may include theories of monopoly, price discrimination, oligopoly, auctions, vertical and horizontal integration, economies of scale and scope, advertising, and regulation. Case studies related to these topics will be presented and discussed in the weekly seminars.