Intermediate Microeconomics: Oligopoly and Monopolistic Competition

Overview/Description
To introduce oligopoly and monopolistic competition, including game theory, cartels, and the Cournot and Stackelberg models

Target Audience
Managers and prospective managers seeking to understand the theories and practice of consumer behavior and demand, and of production, cost, and supply

Prerequisites
A familiarity with basic economics

Expected Duration
3:00 Hours

Objectives:

Intermediate Microeconomics: Oligopoly and Monopolistic Competition

  • To explain how cartels, oligopolies, and monopolistic competitive markets operate
  • To calculate the Cournot equilibrium for a noncooperative duopoly, generalize this model for any number of firms, and examine the Stackelberg model
  • To describe monopolistic competition


    • Course Number: KME26SE