Economics 225 - Industrial Organization

Spring
2013
01
4.00
Jun Ishii

TTH 10:00AM-11:20AM

Amherst College
ECON-225-01-1213S
MERR 2
jishii@amherst.edu

This course examines the determinants of and linkages between market structure, firm conduct, and industrial performance. Some of the questions that will be addressed include: Why do some markets have many sellers while others have only few? How and why do different market structures give rise to different prices and outputs? In what ways can firms behave strategically so as to prevent entry or induce exit of rival firms? Under what circumstances can collusion be successful? Why do firms price discriminate? Why do firms advertise? Does a competitive firm or a monopoly have a greater incentive to innovate? In answering these and other questions, the consequent implications for efficiency and public policy will also be explored.

Requisite: ECON 111/111E. Limited to 50 students. Spring semester. Professor Ishii.

Permission is required for interchange registration during the add/drop period only.