Course ID
042417
Course Description
In this class we bring together microeconomic models and econometric methods in order to understand firms and markets we interact with every day. We will explore how and why markets depart from perfect competition, and we will discover how these departures affect market outcomes such as prices and product quality. We will investigate the strategies firms adopt in settings of oligopolistic competition, and analyze how these strategies impact consumer and producer welfare. We will think critically about when regulation is appropriate and how to design efficient policies. Lectures will be a mixture of theoretic and empirical studies on the subject.
Min Units
3
Max Units
3
Repeatable for Credit
No
Grading Basis
GRD - Regular Grades A, B, C, D, E
Career
Undergraduate
Enrollment Requirements
018862
Course Requisites
May be convened with
ECON562
Component
Lecture
Optional Component
No