Introduction to Market Structures by Indian Institute of Technology Guwahati
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Week-1 : Introduction to Industrial Organization, Consumer behavior and Derivation of Demand curve
Week-2 : Production and Cost curvesWeek-3 : Competitive Market
Week-4 : Monopoly
Week-5 : Game Theory: Static games of complete information (Nash equilibrium)
Week-6 : Dynamic games of complete information ( Subgame perfect Nash equilibrium)
Week-7 : Cournot Competition
Week-8 : Bertrand Competition
Week-9 : Stackelberg Games
Week-10 : Product Differentiation
Week-11 : Entry Deterrence
Week-12 : Bundling and Tying
This course deals with the study of market structures in economics. The study of market structures helps us to understand the pricing of goods and services in the market. Based on toy models, we will study how the price of a good changes with the changes in the market structure.This course can be considered as economic application of game theory. The main tool used to address the questions is game theory. A small component of the course will also be devoted to game theory.The different strategies used by the firms to out compete the rivals, avoid competitions, etc will be introduced in the course.
INTENDED AUDIENCE : PG and UG (Advanced), BTech
PREREQUISITES : Calculus and little bit of familiarity with optimization
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