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Introduction to Market Structures

By Prof. Amarjyoti Mahanta   |   IIT Guwahati
Learners enrolled: 218
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.


INTENDED AUDIENCE :  PG and UG (Advanced), BTech
PREREQUISITES : Calculus and little bit of familiarity with optimization
Summary
Course Status : Upcoming
Course Type : Elective
Duration : 12 weeks
Start Date : 26 Jul 2021
End Date : 15 Oct 2021
Exam Date : 23 Oct 2021
Enrollment Ends : 02 Aug 2021
Category :
  • Humanities and Social Sciences
Credit Points : 3
Level : Undergraduate/Postgraduate



Course layout

Week-1 : Introduction to Industrial Organization, Consumer behavior and Derivation of Demand curve
Week-2 : Production and Cost curves
Week-3 : Competitive Market
Week-4 : Monopoly
Week-5 : Game Theory: Static games of complete information (Nash equilibrium)
Week-6 : Dynamic games of complete information ( Subgame perfect Nash equilibrium)
Week-7 : Cournot Competition
Week-8 : Bertrand Competition
Week-9 : Stackelberg Games
Week-10 : Product Differentiation
Week-11 : Entry Deterrence
Week-12 : Bundling and Tying

Books and references

1) Industrial Organization Theory and Applications by Oz shy, MIT Press 
2) Intermediate Microeconomics: A Modern Approach by Hal Varian, W W Norton & Co Inc 
3) A primer in Game Theory by Robert Gibbons, Pearson Higher Education 
4) A strategic Approach To Industrial Organization by Jeffrey Church and Roger Ware, freely downloadable 
5) Introduction to Industrial Organization by Luis M. B.Cabral, MIT Press

Instructor bio

Prof. Amarjyoti Mahanta

IIT Guwahati
Dr Amarjyoti Mahanta is Assistant Professor at the Department of Humanities & Social Sciences at IIT Guwahati. He earned his PhD degree from Jawaharlal Nehru University New Delhi. His research interests lie in the field of Industrial Organization, Auction Theory, and Applied Game Theory and Evolutionary game Theory. He has published in international journals like Journal of Economics, Economics Bulletin, Seoul Journal of Economics and Indian Growth and Development Review.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams: 23 October 2021 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
Registration url: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.

CRITERIA TO GET A CERTIFICATE

Average assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Guwahati .It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team


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