Industrial Organization 5 credits

About the course

The objective of the course is to give the students a good understanding of market structures, firms' behavior, and welfare consequences. The course introduces more realistic models of firms and markets than used on the introductory courses and gives the students theoretical and empirical knowledge regarding the consequences of oligopoly, product differentiation, cooperation, cartels, entry and exit and strategic behavior.

The starting point for the analysis is the existence of market power, and frictions such as information asymmetries, transaction costs, and entry barriers. The course discusses how markets are organized and how firms interact given these kinds of frictions.

Show syllabus

Apply

Explore your future at Umeå University

Join a vibrant academic community where high-quality education meets groundbreaking research in science, technology, humanities, and the arts. At Umeå University, you will learn from passionate, expert teachers and benefit from a close connection between research, education, collaboration, and innovation.

World's most satisfied international students

#1 globally in the main categories of Living, Support, and Overall Satisfaction.
A university with health at its core

Umeå University is certified as a Healthy Campus, with many initiatives that promote health and well-being.