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Explore the fundamental principles and advanced concepts of industrial organization through this comprehensive Ph.D.-level course taught by Glenn Ellison at MIT. Master the essential building blocks of industrial organization theory while gaining exposure to diverse analytical techniques used in modern economic research. Develop expertise in monopoly pricing strategies, including durable goods pricing and various forms of price discrimination. Analyze static competition models and product differentiation frameworks that explain market dynamics. Learn sophisticated methods for estimating demand, supply functions, and market power using empirical data. Investigate consumer and firm search behavior and its impact on market outcomes. Examine contemporary issues including the regulation of technology giants and the intersection of ethics with market mechanisms. Study dynamic competition models that capture how firms interact over time, including entry decisions and strategic investment choices. Explore bounded rationality concepts that challenge traditional assumptions about perfect decision-making. Gain proficiency in auction theory and understand how different auction formats affect outcomes. Analyze advertising strategies and their economic implications for market competition. Investigate the unique characteristics and challenges of online markets in the digital economy. Integrate theoretical models with empirical studies throughout the curriculum to develop a comprehensive understanding of how markets function in practice. Prepare for conducting original thesis research in industrial organization while building skills applicable to related fields in economics and business strategy.
