Course details
Market Structure and Competition
ECON 50801A
This course gives you the tools and concepts for managerial decision-making. We will consider the analysis of demand and supply; how costs of production and demand analysis lead to optimal pricing decisions, market segmentation, and help you decide whether to enter or exit a market; how competition between industry participants shapes prices and output; how collusion between industry players, although illegal, can be sustained and lead to higher profits. The concepts prepare you for core and elective courses beyond this course.
Themes covered
Price and Market equilibrium
The structure of your demand
Production and costs
Pricing with market power
How pricing depends on cost and demand
Explicit market segmentation
Implicit market segmentation
Competitive supply and market price
Short-run costs and supercycle
Static games and Nash equilibrium
Implicit and explicit collusion
Important notes
Course in French : ECON 50801
Course code
ECON 50801A
Subject
Économie
Program
MBA
Instruction mode
On-site learning
Credits
1,5