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Industrial Organization (IO) studies firm and industry behavior. IO distinguishes itself from other fields in economics in that it emphasizes the interaction among firms in markets characterized by imperfect competition. The subject is important in its own right, and it also provides the analytical foundation for many issues in strategic management and economic policy.

The purpose of this course is to provide you with a theoretical background in the IO discipline. My objectives are to stimulate thinking based on the IO framework, and to prepare you to do independent research in IO. Although the spotlight of the course will be mainly on the theoretical developments, empirical work will be mentioned when time allows. Tentatively, the central issues addressed concern: monopoly and market power, static equilibrium models of oligopoly, dynamic non-collusive equilibrium models of oligopoly, collusion, entry and exit, information and strategic behavior, and industry dynamics.

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Notes:
1. This course is joint with Graduate School of Economics under the title: “Advanced Microeconomics”; 2. Teaching materials: TBA

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