ECON 438 Economics of Competition

This is industrial organization put to work in the courtroom: how economists actually measure market power, define a relevant market, and tell a merger that lessens competition from one that doesn't. You'll move from demand estimation and elasticities into concrete antitrust questions, predatory pricing, cartels, vertical restraints, merger simulation, and spend the back half of the term presenting real EU and Turkish competition cases. It assumes you're comfortable with intermediate micro and some econometrics, and it's the natural bridge between IO theory and the kind of expert-witness work the Rekabet Kurumu and competition consultancies actually do.