Topic 1: Introduction to Industrial Organisation
In this topic, I give a basic overview of IO, and we do some “revision” of demand curves, profits, welfare and monopoly.
Industrial Organization 2015-16
Topic 2: Basic oligopoly
In this topic, we start with a game theory refresher, and then we move on to take a fresh look at Bertrand and Cournot oligopoly.
Topic 3: Further static oligopoly
In this topic we go further into the consequences of Bertrand and Cournot competition, and we investigate the links between the two.
Topic 4: Will profits in reality be higher or lower than under Cournot?
In this topic we try to answer the question: “Will profits in reality be higher or lower than under Cournot?”. We begin by reminding ourselves of the origins...
Topic 5: Price discrimination and nonlinear pricing
In this topic, we look at the different varieties of price discrimination which monopolists may perform.
Topic 6: Product differentiation
In this topic we analyse horizontal product differentiation models, which are models in which consumers value variety in consumption, or in which different c...
Topic 7: Advertising
In this topic we examine different views on the mechanisms by which advertising works, examining the welfare consequences of advertising in each case.