Economics 214 - Anti-Trust Economics

This course examines industry structure and firm behavior under imperfect competition and the public policy response to abuse of market power. There is evidence that market power is becoming increasingly entrenched in many industries. This can lead to inefficient outcomes and lower welfare. Students study theoretical and case study examinations of strategic firm interactions in monopolistic and oligopolistic markets, dominant firm behaviors, and entry deterrence by incumbents; pricing and marketing strategies firms may use to increase profits; the design of marketplaces; and public policy responses to firm behavior, including antitrust laws and regulation. The course is a combination of economic theory and case studies of specific firms or industries. Prerequisite: ECO 150. (E)