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3 credits
Fall 2025 Lecture Upper DivisionThis course examines the determinants of firm and market structure and the resulting market performance in imperfectly-competitive markets. Advanced topics include advertising, research and development, imperfectly competitive international markets, and market integration. Emphasis is placed on using theoretical models of firm and industry behavior to explain and analyze real-world examples of firm behavior.
Learning Outcomes1Use basic versions of the models economists use to analyse imperfectly competitive markets.
2Recognize the results of empirical tests of those models, in the laboratory and using real-world data.
3Recognize the implications of these models for public policy toward business competition.