Resource Economics 452 - Industrial Organization

Market structure models with application to the food system and to natural resource industries. Firm behavioral strategies under various market structures. The role of product differentiation, advertising, market power, mergers, barriers to entry, pricing and non-price rivalry. Market performance including prices, costs, profits, labor issues, and progressiveness. Prerequisite: RES-ECON 305 or ECON 203.
BS-ResEc majors can satisfy their Integrative Experience requirement by taking this course plus Res-Econ 394 and 453.

Pre Req: RES-ECON 202orECON203 55 Seats reserved for Res-Econ seniors