This course applies tools from microeconomics to decision making
in environments of strategic interdependence. Topics include
entry, commitment, price wars, tacit collusion, antitrust, and
new product introduction. We rely heavily on case studies.
Athena Title
Competitive Strategy
Prerequisite
ECON 4010 and (ACCT 1160 or ACCT 2101 or ACCT 2101H or ACCT 2101E) and (FINA 3000 or FINA 3000H or FINA 3000E or FINA 3001 or FINA 3001H)
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Student learning Outcomes
Students will use industry analysis frameworks such as Porter’s Five Forces or The Value Net to assess threats to profitability and to assess opportunity within an industry or product space.
Students will determine a firm’s profit margin and market share from a set of variables and/or data.
Students will determine whether and when a firm holds a competitive advantage over rivals, using variables and/or data.
Students will use game-theoretic concepts for characterizing business actions and strategy.
Students will solve for equilibrium in appropriate (game theory) games.
Students will read a case study and apply some subset of the above tools to analyze questions about the case.
