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Syllabus_440_S2008_1 - ECON 440 Syllabus Dr Ghosh ECON 440...

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ECON 440 Syllabus Dr. Ghosh ECON 440: Industrial Organization and Public Policy Syllabus Spring 2008 Damayanti Ghosh Office: LT 1003 Office Hours: Tue 1:15 p.m. – 2:15 p.m.; Fri 10:00 a.m.– 12:00 noon. Phone: 607-777-6415 Email: [email protected] Course Web Page: Visit Blackboard This course is concerned with the workings of markets and industries – how the firms compete with each other. It starts from what you learnt in the micro theory course but then deviates from that quickly since this course deals more with real world market structure where only a few firms compete (unlike the monopoly or perfectly competitive models emphasized in the micro theory course.) Market power and firm strategies to acquire and retain market power become the focus of study. We will also analyze the resultant effect on economic efficiency and social welfare and discuss public policies to address the situation. Prerequisites: Grades of C or better in ECON 360 and 366 (or an equivalent statistics course). Prerequisites must have been completed prior to taking the course. (That is, a prerequisite course taken in the Spring of 2007 will not qualify.) Resources: Text: Industrial Organization – Theory and Practice by Don E. Waldman & Elizabeth J. Jensen, 3 rd ed., (Addison Wesley, 2007) . I may recommend additional reading materials when needed . Course Outline: (tentative) Basics of IO: 1. Introduction: What is IO? (Ch 1) 2. Firms & Their Costs (Ch 2) 3. Review of Perfect Competition and Monopoly (Ch 3) 4. Market Structure: Market Concentration, Entry & Exit, & Mergers (Ch 4) Page 1
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ECON 440 Syllabus Dr. Ghosh Modern Industrial Organization: Game Theory and Strategic Behavior: 5. Monopoly Practices (Ch 5) 6. Game Theory: a framework for understanding Oligopolistic Behavior (Ch 7) 7. The First set of Theories on Oligopoly: Cournot, Bertrand & Stackelberg (Ch 8) 8. Collusion (Ch 9) 9.
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