Course abstract

This course deals with the study of market structures in economics. The study of market structures helps us to understand the pricing of goods and services in the market. Based on toy models, we will study how the price of a good changes with the changes in the market structure. This course can be considered as economic application of game theory. The main tool used to address the questions is game theory. A small component of the course will also be devoted to game theory. The different strategies used by the firms to out compete the rivals, avoid competitions, etc will be introduced in the course.This course can be considered as economic application of game theory. The main tool used to address the questions is game theory. A small component of the course will also be devoted to game theory. The different strategies used by the firms to out compete the rivals, avoid competitions, etc will be introduced in the course.