ECON 661: The Corporate Firm
This course examines models of firm behavior and theories of the firm. Topics include relational contracts, allocation of rights within and between firms, manufacturer-supplier relations, vertical integration, incomplete contracts, their foundations, and alternative industrial structures..
ECON 662: Theories of Industrial Organization
Classical theories of industry organization are analyzed. Topics include monopoly price discrimination, product differentiation and bundling as well as traditional oligopoly models of Cournot and Bertrand competition. Dynamic models of oligopoly including entry deterrence and collusion are discussed in addition to games of research and development. Long-run industry structures and dynamics are also analyzed. The course investigates implications of these models for antitrust policy.
ECON 664: Empirical Studies in Industrial Organization
Review recent empirical literature in industrial organization. Covers price discrimination, cartel and collusion, entry and market structure, demand estimation, information and competition, technological change and adoption, auction, and firm organization
Field Requirements in Industrial Organization
Major field: ECON 661, 662 and 664. Average grade of B+ or better in courses. Field exam covering material from Econ 661 and 662, and a research paper related to material covered in Econ 664.
Minor field: Any two of 661, 662 or 664. Average grade of B+ or better in courses, or pass field exam.
Recommended courses: Students interested in theoretical industrial organization should also take the advanced microeconomic theory sequence (ECON 703 and 704). Students interested in empirical industrial organization should take Empirical Microeconomics (ECON 626).