ECON 435 - Industrial Organization and Advanced Pricing Theory

Units: 3

Industrial Organization (IO) is a branch of microeconomics that studies behavior of firms and industries with imperfect competition and the effects on pricing and product choices. An in-depth analysis of persistent market imperfections and the role of government in correcting these. Strategic models of firm behavior (i.e. Game Theory) are used to analyze such markets. Subjects covered include monopoly behavior and pricing strategy, dominant firms, oligopoly, cartels and tacit collusion, entry/deterrence, product differentiation, and agency theory.
Prerequisite(s): ECON 303 with a grade of C (2.0) or better.