The course will cover the theory of consumer choice, the theory of the firm and market power and market structure. We will examine firm behaviour (firm pricing, strategies such as entry deterrence and advertising) in these markets. We will also look at factor markets and vertical integration, asymmetric information, contracts and moral hazards.
Programme: ECON(HSS)
The course will cover the theory of consumer choice, the theory of the firm and market power and market structure. We will examine firm behaviour (firm pricing, strategies such as entry deterrence and advertising) in these markets. We will also look at factor markets and vertical integration, asymmetric information, contracts and moral hazards.