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Economics of Firms, Market Power, and Competition
ECON 332
Spring 2023
Section: 01  

In this course, we study firm decision-making by exploring the fundamentals of demand and identifying categories of costs that firms must consider like pricing, exit, or market entry. We learn about market power, antitrust, and how the interplay between cost and demand fundamentals of various industries (e.g., healthcare, fintech/blockchain, social media, retail, fine arts, entertainment, and financial services to name a few) determines profit-maximizing decisions for firms. Lastly, we will explore strategic interactions between firms by way of games and "tactics." Specific, industrial organization frameworks such as holdouts, switch costs, multi-sided markets, network effects, and economies of scope will assist in deciphering firm behavior. Case studies will be used to sharpen and reinforce the principles of the course.
Credit: 1 Gen Ed Area Dept: SBS ECON
Course Format: Lecture / DiscussionGrading Mode: Graded
Level: UGRD Prerequisites: ECON 110
Fulfills a Major Requirement for: (ECON-MN)(ECON)
Past Enrollment Probability: Less than 50%

Last Updated on NOV-29-2023
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