Economics 370
Industrial Organization Theory

Spring 2000

Dr. Léonie L. Stone
South 115C
Office Hours: 12:45-2 T, 12:30-1:20 F, and by appointment
Office: 245-5428 Home: 335-9284 Email: stone@geneseo.edu
 
 
 
Course Content and Objectives:
A study of the theory, organization, and operation of the structure of business enterprise. Emphasis is given to the incidence of competitive and monopolistic tendencies in various markets, economic concentration, market conduct, market performance, and regulatory policy.

Prerequisites:
Economics 101 or equivalent introductory microeconomics course. You will find this course easier if you have had Econ 200.

Textbook:
Church and Ware, Industrial Organization:  A Strategic Approach (Irwin/McGraw-Hill).

Grading:
Your grade will be based on three exams (15% each), a comprehensive final (30%), participation (10%), and a term project (15%). If you miss an exam, and do not or cannot make it up, your final will be weighted more heavily. Make-ups on exams will be given only in the case of documented emergencies.  Participation will be considered in the case of borderline grades.

Participation and Homework
Much of the focus of this class is on problem-solving. In order to solve problems correctly and in a timely fashion, you must practice. You are responsible for keeping up with the book problems as we go along. Suggested problems will be listed on the class web site. I will not, in general, do extra problems in class; we just don’t have enough time. If you are having trouble, you are responsible for getting help, either from me or from other students. As always, I strongly encourage studying in groups; it is an easier and better way of learning the material. However, please bear in mind that you will be working alone on exams. There is a large difference between being able to follow what someone else has done and being able to do a problem on your own.

Class participation involves (at least) 3 things:

1. Showing up to class—you cannot participate if you are not there.
2. Being prepared, having done reading and/or assigned problems in a timely manner.
3. Contributing to the class by adding to the discussion, asking questions, helping with problems.

If you do not participate in at least some minimal fashion, you will receive 0% for a participation grade. This means that the maximum class score that you can earn will be lowered.

Term Project:
For information on the term project, go here.

Schedule:

(Exam dates are firm; chapter outline is tentative.)

Week 1, January 25, 27:  Chapter 1
Week 2, February 1, 3:  Chapters 2, 3
Week 3, February 8, 10:  Chapters 4, 5
Week 4, February 15, 17:  Chapter 7
Exam 1: Thursday,  February 24
Week 5, February 22, 24:  Chapter 8, [Exam]
Week 6, February 29, March 2:  Chapters 8, 9
Week 7, March 7, 9:  Chapter 10
Exam 2: Thursday, March 16
Week 8,  March 17, 19:  10 continued, [Exam]
Week 9, March 21, 23:  SPRING BREAK
Week 10, March 28, 30:  Chapters 11, 12
Week 11, April 4, 6:  Chapters 12, 13
Week 12, April 11, 13:  Chapters 14, 17
Exam 3: Tuesday, April 18
Week 13, April 18, 20:  17 continued, [Exam]
Week 14, April 25, 27:  Chapters 19, 21
Week 15, May 2, 4:  Chapters 22, 23

Final: Tuesday, May 9, 8-11 a.m.

Please check your schedules NOW for any conflicts/problems with final exams. (Any requests to take the final at some other time must be submitted in writing no later than February 18. No later requests, short of death or injury, will be considered.)