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This course aims to introduce students to economic theories used in the analysis of industries; To evaluate these theories in view of empirical evidence; To describe policy implications of these theories and their empirical evaluation.
Static Oligopoly. Price Competition and Product Differentiation. Pricing and Price Discrimination. Strategic İnvestments. Product Differentiation. Collusion. Switching Costs and Network Externalities. Research and Development. Repeated Games and Cartels. Determinants of Market Structure. Market Dynamics. Advertising. Research and Development. Behavioral Industrial Organization.
Students will use MS Office applications (Word, Excel, Access, Powerpoint) to work on their weekly assignments about 2 hours a week.
Upon succesful completion of this course, a student will be able to
1. Explain basic models of the behavior of firms and industrial organization and how they can be applied to policy issues.
2. Be able to manipulate these models and be able to solve analytically problems relating to industrial economics.
3. Be familiar with the history of competition policy.
4. Analyse and evaluate the main approaches to industrial organization.
5. To explain how price and non-price competition among firms affect economic welfare.
6. Communicate their knowledge and understanding to others verbally during class and in written assigned coursework.