* Course Description: Industrial organization is a field that stems from Microeconomics. It is interested in imperfect competition with few competitors. The less competitive market structure creates situations with strategic interactions among the market participants. The course will explore competitive and cooperative strategies employed by profit maximizing under a variety of market structures when there are few firms, entry barriers, differentiated products, and/or imperfect information.

* Course Objectives/ Student Learning Outcomes: Upon completion of this course, students will:
1. Be able to understand theoretical principles of strategic behaviors under different a wide range of market structure
2. Be able to discuss such strategic behaviors in the context of real-world examples
3. Be able to develop their own strategic approaches based on such understanding of markets structure and market situation
4. Be able to answer how market economy contributes to economic growth with innovation.

1. Microeconomics (CMEF 302)
2. Game Theory (CMEF 406)
3. High school level knowledge on Calculus

Topics to be Covered:
1. Review of Microeconomics
Market Structure (Perfect Competition, Monopoly, Monopsony, Oligopoly, Oligopsony)
2. Review of Game Theory Basics
Cournot Competition (Quantity Game), Bertrand Competition (Pricing Game)
3. Price Discrimination
Linear Pricing, Nonlinear Pricing, Product Differentiation
4. Anticompetitive Behavior and Antitrust Policy
Entry Deterrence, Predatory Conduct, Price Fixing
5. Mergers and Acquisition (M&A)
Horizontal Mergers, Vertical and Conglomerate Mergers
6. Non-price Competition
Advertisement, Research and Developement

Grading and Evaluation Procedures:
5 homework assignments 50%
Paper Review 30%
Participation 10%
Attendance 10%

Major Teaching Methods: Lecture and Hands-on Practices
Special Instructional Platforms/Materials: None
Notice: No deadline extensions on homework assignment will be given unless prior approval to reschedule has been given by the instructor.