About EC 260 OL1

Topics such as antitrust and regulation, decision making and the firm, technological change and industrial policies, and the economics of growth. Includes a substantial writing component. Topics vary by offering; periodic offering at intervals that may exceed four years. Prerequisites: EC 170 or STAT 141; EC 171; EC 172.

Notes

Dates: June 20 - July 15, 2022

Section Description

This seminar will focus on price determination in markets characterized by imperfect competition. In imperfectly competitive markets, firms set price or quantity strategically, taking into account the actions of other firms, including potential entrants. In particular, we will study game-theoretic models of competition, entry deterrence and collusive behavior. We will also study the special features of competition in network industries, such as telecommunications, software and electricity. We will apply these models to specific case studies, several taken from antitrust law. There will be a required textbook, as well as outside journal articles and book chapters. Goals include: 1. Students will understand how to apply economic theory to understand how prices are determined in imperfectly competitive markets. 2. Students will understand how to apply economic theory to understand the welfare consequences of mergers, price discrimination, collusion, and other practices in imperfectly competitive markets. 3. Students will understand when and how different models and conclusions follow when markets are characterized by network effects.

Section Expectation

The course is a seminar. The reading and class discussion are key. It is essential to read assign material before class, and come to class prepared to discuss the material. Students should expect to spend at least eight hours outside of class each week reading, solving homework problems and studying for exams.

Evaluation

There are multiple homework assignments. There is one midterm examination. There is a final exam and it is cumulative. There is a writing assignment that involves review of a journal article or articles.

Course Dates

to

Location

Online (View Campus Map)

Important Dates

Note: These dates may not be accurate for select courses during the Summer Session.

Deadlines
Last Day to Add
Last Day to Drop
Last Day to Withdraw with 50% Refund
Last Day to Withdraw with 25% Refund
Last Day to Withdraw

Resources

There are no courses that meet this criteria.