LSA Course Guide

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Class Detail:
FA 2008 Economics ECON 431 - Industrial Organization and Performance Section 001
Credits:	3
Other:	Theme
Consent:	With permission of instructor.
Enforced Prerequisites:	ECON 401 with a grade of at least C-; or Graduate standing.
Repeatability:	May not be repeated for credit.
Rackham Information:	Rackham credit requires additional work.
Primary Instructor:	Shy,Oz
	(real time availability for all sections)

The course consists of micro-economic and game-theoretic analyses of market structure and performance of industries. We start the analysis of a wide variety of noncompetitive market structures (such as the monopoly, various types of oligopolies competing acording to Cournot, Bertrand, sequential moves, and location) in markets for homogeneous and differentiated products. The course proceeds with the analysis of entry barriers, entry deterrence and mergers. This course also addresses technology issues, such as innovation, research and development, and the effect of the patent system. The last part is devoted to a wide variety of marketing and pricing techniques, such as advertising, durability, warranties, two-part tariffs, nonuniform pricing, bundling and tying, and dealerships.

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