printer friendly pageECON 157: Imperfect Competition
The interaction between firms and consumers in markets that fall outside the benchmark competitive model. How firms acquire and exploit market power. Game theory and information economics to analyze how firms interact strategically. Topics include monopoly, price discrimination, advertising, oligopoly pricing, product differentiation, collusion and cartel behaviour, and anti competitive behavior. Sources include theoretical models, real-world examples, and empirical papers. Prerequisite:
ECON 51 (Public Policy majors may take
PUBLPOL 51 as a substitute for
ECON 51).
Terms: Aut
| Units: 5
| UG Reqs: WAY-SI
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