Course Description
Summary
In this applied course in microeconomics, we draw upon game theory models to explore the strategic decisions firms must make to compete in the market and compete for the market. Throughout the course, our emphasis will be on market structure and its influence on market power, and we will integrate theory with real-world case studies to delve into critical topics such as pricing, advertising, platform competition, capacity investments, investments in RD product innovation, and patent strategies.
We will explore the key concepts in the course verbally and through written expositions, and use mathematical formulations to express the ideas in formal terms. For this, knowledge of high school-level algebra and geometry is required and expected.
The course has two requirements: [a] Class participation based on a deep reading of assigned materials and [b] problem sets and related assignments. You should not miss a class. Before coming to class, you must engage carefully with the assigned materials and participate seriously in class discussions. Also, you must complete all problem sets and submit them for discussion in a timely manner.
