Here we go again! Welcome to the 2013 slides!
This year’s course will be very similar to the 2012 one, which you can see by clicking on the links on the left, below the title of this post.
Industrial Organization 2013-14
Lecture 1: Introduction to Industrial Organisation
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 take a fresh look at Bertrand and Cournot oligopoly.
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 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.
Mock mid-term multiple choice test
Below is the mock mid-term multiple choice test.
Lecture 6: Profit reducing price discrimination, and product differentiation
In this lecture we finish last week’s analysis of price discrimination by looking at some cases in which price discrimination actually reduces profits.
Lecture 7: More on product differentiation
In this lecture we look further at horizontal product differentiation models. The slides we did not cover in the lecture go over vertical differentiation mod...
Lecture 8: Vertical differentiation and advertising
In this lecture we go through a model of vertical differentiation, then begin our final topic on advertising.
Mock end of term test
Below is the mock for the 2013 end of term test. The actual test will be the same, other than having different numbers in places.
Lecture 9: More on advertising
In this lecture we look at advertising with free-entry and advertising in oligopoly, before concluding with some empirics.