Skyscrapers in Chicago. (Image courtesy of MIT OpenCourseWare.)
Instructor(s)
Prof. Nancy Rose
MIT Course Number
14.20
As Taught In
Spring 2003
Level
Undergraduate
Course Description
Course Features
Course Description
This is a course in industrial organization, the study of firms in markets. Industrial organization focuses on firm behavior in imperfectly competitive markets, which appear to be far more common than the perfectly competitive markets that were the focus of your basic microeconomics course. This field analyzes the acquisition and use of market power by firms, strategic interactions among firms, and the role of government competition policy. We will approach this subject from both theoretical and applied perspectives.