Description The structure of the United States economy; the welfare implications of competitive and noncompetitive market structure; the game theoretical approach to joint and non-cooperative decision making of oligopoly firms; the analysis of concentration, advertising, predation, integration, and mergers as they affect market performance; and the analysis of some major antitrust cases.
Prerequisites ECON 301 or consent of instructor.
Note Open to graduate students. Graduate students are required to do additional work of a research nature.