Fall 2006

ECO 350K • Industrial Organization and Regulation

Course Description

Do you plan to go to law school and practice business law someday? Are you interested in public policy and its role in business and the economy? ECO 350K Industrial Organization & Regulation covers the behavior of imperfectly competitive markets and the issues of public policy that arise in such competitive markets. The first part of the course will cover oligopoly, a term that refers to markets that are competitive, but not perfectly so. The second part of the course will cover economic policy in three areas: international trade, antitrust, and regulation. Some questions to be addressed are the following: Can tariffs or quotas create monopoly power? When should the government oppose a merger? Was Texas right to deregulate its wholesale and retail electricity markets?

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