Ateneo - UPO

Monopoly, regulation, price discrimination, oligopoly, collusion, trusts, mergers, market concentration, market power

Handouts provided by the teacher

To deepen the knowledge of the markets and their functioning in the different contexts that can occur in reality

Basic knowledge in microeconomics

Frontal lessons

Written exams

Introduction to monopoly, equilibrium, price discrimination.
The oligopoly: quantity competition (Cournot and Stackelberg), price competition (Bertrand).
Product differentiation: monopolistic competition.
Barriers to entry.
Collusion and potential trusts.
Merger.
Market power and market concentration.
Policy evaluation.

Students are expected to master both theoretical understanding and analyzing concrete market situations