Monopolistic Competition & Oligopoly

Overview

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This course empowers you to analyze firm behavior in the common yet complex market structures of monopolistic competition and oligopoly. You will apply game theory, including the concept of Nash Equilibrium, to understand strategic interdependence, competitive pricing decisions, and the crucial role of advertising. These skills provide a powerful framework for interpreting real-world business strategies in industries from tech and automotive to everyday retail.

Syllabus

Monopolistic Competition & Oligopoly

This course explores intricate market structures, starting with monopolistic competition, characterized by multiple sellers and product differentiation. You will learn to solve for market equilibrium, gaining an understanding of pricing strategies and market dynamics. The module then shifts to oligopolies where limited market players and strategic interdependence come into play. You will then learn about the concept of Nash Equilibrium, which is crucial for interpreting firm behavior in competitive landscapes.