Course Description

This course systematically relaxes the assumptions of the perfectly competitive model. The course studies strategic interaction among firms, and between firms and consumers, under alternative assumptions. Neoclassical economic theory is combined with game theory to provide the tools with which to better understand markets in the real world. The course addresses issues such as business strategy, collusive behaviour, natural and artificial barriers to entry, quality uncertainty and advertising.


Prerequisite: CECN 504

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