Economics of Industry

(4,8 Credit Hours) · Undergraduate

Economics of Industry is concerned with an in-depth analysis of the behaviour of firms, internally and within the marketplace. The course focuses on both theoretical and applied aspects so that student's can apply the theory to actual real world problems. Throughout the course, students will gain an understanding of: 1. the theoretical foundations of firm decisions regarding pricing, product differentiation, advertising, entry, mergers and takeovers, innovation, vertical integration, and organization, 2. the welfare implications of firm behaviour, 3. strategic firm behaviour, its effects on other firms, 4. inappropriate firm behaviour and the design of public policy responses, and 5. methods of determining and analysing firm behaviour through the use of data.