Industrial Comp and Monopoly credit: 3 or

4 Hours

Analyzes the ways firms and markets are organized, how they interact, outcomes of various types of firm behavior and performance of markets, and causes and types of market failure. Particular emphasis on the contribution of game theory as the equilibrium concept in oligopoly settings. 3 undergraduate hours. 4 graduate hours. Prerequisite: ECON 202 ; ECON 302 ; and one of: MATH 220 , MATH 221 , or MATH 234 are required.