New year, new course, new textbook
This course is starting again, and the content of lectures will be a little different this year. But last year’s slides might still be helpful, so I’m leavin...
Industrial Organization 2012-13
Lecture 1: Introduction to IO
In this lecture, I give a basic overview of IO, and we do some “revision” of demand curves, profits, welfare and monopoly.
Lecture 2: Basic oligopoly
In this lecture, we start with a game theory refresher, and then we move on to look at Bertrand and Cournot oligopoly. Lecture 2
Lecture 3: Further static oligopoly
In this lecture we go further into the consequences of Bertrand and Cournot competition, and we investigate the links between the two. lecture 3.pdf
Lecture 4: Will profits in reality be higher or lower than under Cournot?
In this lecture we try to answer the question: “Will profits in reality be higher or lower than under Cournot?”. We look at the origins of Cournot competitio...
Lecture 5: Price discrimination and nonlinear pricing
In this lecture we look at some of the ways a monopolist can obtain higher profits than in the standard monopoly solution. Lecture 5
Mock mid-term multiple choice test
Below is the mock mid-term multiple choice test. The answers are available from here.
Lecture 6: More on price discrimination and nonlinear pricing + Intro to product differentiation
In this lecture we finish up the price discrimination topic, and introduce two models of product differentiation. Lecture 6
Lecture 7: More on product differentiation
In this lecture we complete our analysis of product differentiation, looking at location choice, welfare, discriminatory equilibria, product proliferation an...
Lecture 8: Vertical differentiation and advertising
In this lecture we go through a model of vertical differentiation, then begin our final topic on advertising. Lecture 8
Mock end of term test
Below is the mock for the end of term test which will happen next week (week 10). As I said in the lecture, the final test will be identical except for diffe...
Lecture 9: More on advertising
In this final lecture we look at a few more models of advertising. Lecture 9