Industrial Economy

Industrial EconomyHours: 3 0 3

Industrial Economy focuses on the study of firms, industries and markets. When analyzing decision making at the levels of the individual firm and industry, Industrial Economics helps in understanding issues like: the levels at which capacity, output and prices are set, the extent that products are differentiated from each other, how much firms invest in research and development (R&D), how and why firms advertise. Industrial economy will cover the topics like: size and structure of firms, separation of ownership and control, short-run price competition, dynamic price competition, entry deterrence and entry accommodation, product differentiation and non-price competition, price discrimination, vertical relations, the determinants of market structure, competition and industrial policy, regulations.

Pre-requisites: NoneCo-requisites: None

Hours: XYZ where X = Lecture, Y = Lab, Z = Credit
All hours are per week.
3 Lab hours constitute 1 credit hour
1 credit hour implies 1 lecture of 50mins per academic week. 16 weeks in total.
Pre-Requisite courses are courses required to be completed before this course may be taken
Co-Requisite courses are courses required to be taken along with this course