The objective of the course is to go beyond the theory of perfect competition, and understand imperfect competition.
- Concepts and knowledge: Monopoly, monopolistic competition, oligopoly, price discrimination, collusion, regulation, strategic interaction between firms, prisoners’ dilemma, Nash equilibrium, game theory.
- By the end of this course, students should be able to: Understand firms’ behavior and pricing policy; analyze different types of market structures (monopoly, monopolistic competition, oligopoly); understand how to apply microeconomic principles to real-world policy questions.
- Professor: Manon Garrouste
- Professor: Claire Naiditch