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Imperfectly competitive markets and behaviour of firms. Monopoly models: standard, dominant firm, durable good, natural monopoly, perfectly contestable markets, price discrimination. Oligopoly models: Cournot, Bertrand, product differentiation. Measuring market power, competition policy.
The first objective is to increase the student's knowledge and understanding of the field of industrial organization. The second objective is to enhance the student's general skills in economics and problem solving. The third objective is to familiarize the student with policy applications of industrial organization, such as competition policy in general and the Commerce Act in particular.
ECON 230 or ECON 231 or ECON202 or ECON207.
Laura Meriluoto
If you do better in the final than in the term test, the weight of the term test will be reduced to 20% and the weight of the final exam will be increased to 60%. No substitutions of weights are allowed between the term paper and other pieces of assessment.
There are no required texts. You will likely find Church & Ware the most useful reference. It is available on-line (Learn has a link to it). There should also be some hard copies available in the bookstore and in the restricted loans library.Church, J. & Ware, R. Industrial Organization: A Strategic Approach. McGraw Hill, 2000.The following books are also useful references, and can be found in the restricted loans:Carlton, D.W. and Perloff, J.M. Modern Industrial Organization. 4th edition, Addison-Wesley, 2005.Pepall, L., Richards, D.J. & Norman, G. Industrial Organization: Contemporary Theory & Practice. 3rd edition, Thompson/South-Western, 2005.
Domestic fee $630.00
International fee $2,775.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see Department of Economics and Finance .