May 23, 2024  
College Catalog 2024-2025 
    
College Catalog 2024-2025

ECON 405 - Industrial Organization


Industrial organization (IO) studies how firms behave in markets. The field has theoretical foundations in comparative analysis and game theory. Most work in the field models strategic decision-making among firms to understand how their interactions affect profits, consumer welfare, and economic efficiency. This class is divided into three sections. The first covers the basic theory underlying modern empirical industrial organization, focusing on classical static IO models. The second section briefly reviews the history of empirical IO and covers workhorse empirical methods for analyzing market outcomes. The last will examine recent papers that synthesize the material covered in class, including trends in competition policy and market concentration in the tech industry. This course counts as a Group E elective. It is NOT a capstone course. It meets concurrently with ECON 406 .  Prerequisite(s): ECON 361  and ECON 381 , or permission of instructor. C- or higher required for all prerequisites. Every year. (4 Credits)