Dec 26, 2024  
2016-2017 Academic Catalogue 
    
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2016-2017 Academic Catalogue [ARCHIVED CATALOG]

EC 422 - Industrial Organization

Lecture Hours: 3
Lab Hours: 0
Credit Hours: 3

Microeconomics-based theories of transaction costs, game theory, and information theory to explain the structure of firms and markets and their interactions. While the traditional Structure-Conduct-Performance analysis is used as a general framework, the analyses include, but go beyond the idealized markets presented in introductory microeconomics and take a closer look at why firms and markets have evolved into what we observe today. Consider this course an “applied microeconomics” course. Prerequisite(s): EC 300  (completed or concurrent) or permission of instructor.