Industrial Organisation studies the relationship between market structures, firm’s conducts, and market outcomes. We look at how market structures affects firm's conduct and thus market outcomes. Also, firms may have the ability to affect the market structure with strategic moves. The welfare consequences of various conducts will be discussed. In this course, students will be introduced to the theory of the firms, imperfect competition, oligopoly theory, and other strategic behaviours. The analysis in this course is essential for understanding competition policy and regulation.

This course provides an in-depth analysis of the theory of industrial organisation. Students will be introduced to the theory of the firms, imperfect competition, oligopoly theory, and other strategic behaviours. Upon successful completion of the requirements for this course, students will:
• be familiar with and have an understanding of most familiar IO models;
• understand the relationship between market outcomes, social welfare, and the conduct of firms;
• be able address a range of policy issues that arise due to non-competitive behaviour in markets;

Typically include mid term exams and a final exam. Please see the Course Outline.

Two lectures and one tutorial per week.

Completion of or concurrent enrolment in ECON2014 Managerial Economics or ECON2101/ECON2111 Microeconomics 2 (P or H).

Please refer to Course Website