ECON 183 PZ -Industrial Organization

Institution: Pitzer

Description: Industrial Organization studies the behavior of firms in industries that are neither perfectly competitive nor monopolistic - that is, how firms behave in the real world. Yet, Industrial Organization is rooted in basic economic theory: both price theory and game theory. We will apply these theories to analyze how different markets perform. A key part of the course involves applying what we learn to public policy. Particular focus will be given to U.S. antitrust laws and we will look at several of the most important recent antitrust court decisions. Topics to be covered include: collusion and cartel theory; oligopoly models; structural and unilateral effects of mergers; price discrimination; entry-limit pricing; predatory pricing; Nash equilibrium; the prisoner’s dilemma; and network effects.

Prerequisite(s): Please check course schedule for requirements.

For up-to-date information on current course offerings and details, please refer to the Pitzer class schedule on MyCampus2 Portal.