The primary objective is to provide a framework in which students can review and solidify their understanding of IO concepts and models by applying those concepts to specific issues. By the end of the course, students will be able to (a) model and predict market outcomes in imperfectly competitive markets (b) explain the differences in market efficiency amongst the various market settings (c) evaluate the strategies and responses of firms with the various market settings (d) understand the potential sources of market failure in markets with imperfect competition, as well as the policy instruments available to competition authorities and regulators monitoring such markets.

This Research and Policy Seminar supplements the specialization course in Industrial Organization (which surveys major topics in this field).  Students will write a short seminar paper, present this work in class and participate in the discussion. Analytical ability and written and oral communication skills are assessed. 

"Specialization: Industrial Organization" (attendance in this term or positive grade from course in previous terms)