Industrial Organisation as a field revolves around the structure and behaviour of firms. But it includes a couple of perspectives on that: the participants' views (which focus on business strategy) and outsiders' views: economists, consumers, policy-makers and regulators (who might all be concerned more with general welfare issues.) In this course we shall rely on the tools of game theory to stress the strategic aspect of firms' interactions and internal organisations.  So we look at various theories about the organisation of firms and industries.  Attention is focused on the determinants of the various organisational forms and the strategic behaviour encountered within them.  Topics include price discrimination, product differentiation, adverse selection, moral hazard, market structure determinants, and the internal organisation of firms.

A final examination, a midterm test and a number of Problem Sets.

Two lectures and one tutorial per week.

Completion of or concurrent enrolment in ECON2101/2111 Microeconomics 2 (P or H).

For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON2107