Course Detail
Course Components:
Enrollment Information
Enrollment Requirement:
Prerequisites: 'C-' or better in QAMO 3010 OR 'B+' or better in (BUS 2011 OR QAMO 2011)
This course is an application of economics to business strategy, with particular emphasis on industrial organization economics. Topics include Cournot and Bertrand competition, Bertrand with differentiated products, Hotelling models, entry and exit, predatory pricing, limit pricing, collusion, mergers, and industry dynamics. Course sessions will consist of a mix of lecture and discussion. Readings will rely heavily on current news articles to illuminate the direct applicability of economics to the current business world. Students will use econometrics skills to analyze data directly relevant to managerial decision-making in strategy.