Industrial Organization and Public Policy Learn more

Industrial organization is the field of economics that deals with the strategic behavior of firms and markets, regulatory policy, antitrust policy and market competition.

Who should take this course?
Students interested in practical application of economic principles to markets through policy making should consider taking Industrial Organization and Public Policy. If you have strong interest in closely observing state of industries as well as policy making, this may be ideal field for you.

What are the benefits of this course?
After successfully completing this free online course, you should be able to understand:
- How industries operate?
- How to improve industries' contributions to economic welfare? And,
- How to create effective government policies in relation to these industries?

Table of Contents:
Some of the topics that will be covered in this course include:
- Monopoly & Dominant Firms
- Game Theory I: Static Models
- Competitive Strategy Game
- Game Theory II: Dynamic Games
- Introduction to Cartels
- Cartels & Price-fixing; Antitrust Law
- Cartels & Price-fixing; Antitrust Law
- Measuring Market Power
- Oligopoly Pricing Strategies I, II and III
- Entry Deterrence and Predatory Pricing
- Raising Rivals' Costs
- Product Choice 1: Spatial Models & Cereal
- Product Choice 2: Quality, Durability & Networks
- Internal Organization: Firm Boundaries and Behavior

Author Bio:
This free online course has been prepared by Nancy Lin Rose, who is the Charles P. Kindleberger Professor of Applied Economics at MIT. She is Associate Department Head for Economics at MIT and Director of the National Bureau of Economic Research program in Industrial Organization. Professor Rose recently completed a term as Vice President of the American Economic Association (AEA) and currently serves on the AEA’s Committee on Economic Education. Her research work focuses on the empirical analysis of firm behavior and the economics of regulation.

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