ECN 231-ECONOMICS OF INDUSTRY
Dr. Jac Heckelman
Industrial Economics is concerned with the theory of markets and firm interactions.
We will examine how firms arrive at their output and pricing decisions,
which strategies they choose to adopt, how their decisions affect
the other firms in the industry and general social welfare. This will be
done through graphical analysis, algebraic derivations, and case studies.
Modern Industrial Organization (Third Edition)
Dennis W. Carlton and Jeffrey
The Structure of American Industry (Tenth
Walter Adams and James Brock
There will be two in-class exams (30% each).
Problem sets review theory and applications from class. Homework problems
will be reviewed in class, with each student responsbile for presenting
one of the problems. This will comprise one portion of the participlation
(10%) grade, along with general participation in the class. Group work
on the problem sets in encouraged.
Each student will prepare an individual case study of their choosing,
which will include a 6-8 page report and presentation in class for 20 minutes
(30%) during the last week of class. For this, it will be necessary to
present information regarding an issue discussed in the general media,
such as the Wachovia merger, cable deregulation, tobacco lawsuits, Microsoft
anti-trust case, etc. The report must include background information on
industry characterisitcs and market conditions, public policy aspects,
and the like, similar to the case studies we will review in class from
the Adams and Brock book.
The exams will be comprised of 3 problems and 1 short answer question based
on the case studies. The tests should not take the entire period. They
are designed to allow enough time at the end to double check your answers.
REMEMBER TO BRING A CALCULATOR TO THE EXAMS.
Set #1 due Sep 5
Set #2 due Sep 12
Set #3 due Oct 3
Set #4 due Oct 22
Set #5 due Nov 7
Set #6 due Nov 19
C&P chapter 3
C&P chapter 4, pp. 87-107
C&P chapter 6
C&P appendix 6A
C&P appendix 6B
Structure and Performance
C&P chapter 11
C&P chapter 8
C&P appendix 8A
C&P appendix 8B
A&B, "Commercial Banking"