ECON 326 - Industrial Organization

[Spring 2017 Syllabus]

Industrial organization is one of the most common fields of applied microeconomics. It traditionally studies business firms and their relationship to the market - how they make economic decisions, how they are affected by government regulation, how they strategically interact with one another - and how these change in markets that are more or less competitive–monopoly, oligopoly, monopolistic competition, or perfect competition, often with a close connection to antitrust law.

In my view, industrial organization is less useful as a narrow theory of the classical capitalist business firm than a broader theory of economic organization in its many forms. We will examine other ways of organizing economic enterprises that deserve our attention and interest–for example, public enterprises, non-profit organizations, informal community enterprises, and criminal enterprises–as well as the institutions that govern and affect the choices involved in organizing an economic enterprise.

Industrial organization is a direct extension of basic microeconomics, so this class assumes you have met the required prerequisite courses - ECON 206 (ECON 306 recommended). My approach to I.O. does not require much math, the course will be more conceptual and discussion based around real-world examples, but there will be times where more formal analytical tools will be helpful.

Lesson Slides
1. Introduction to Industrial Organization Slides
2. Perfect Competition Slides
3. Monopoly Slides
4. Oligopoly Slides
5. Monopolistic Competition Slides
6. Entrepreneurship & Market Process Slides
7. Theory of the Firm Slides
8. Public Enterprises Slides
9. Informal Institutions & Community Enterprises Slides
10. Cooperation Without or Despite the State Slides
11. Vertical Integration Slides
12. Innovation, R&D, and IP Slides