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Dec 22, 2024
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2024-2025 Academic Catalog
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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 with a grade of C or better.
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