ECON-2101 Microeconomics II

The course addresses market structures by using graphic and quantitative analytical tools. Some of the topics are the following: perfect competition, prices and production under monopoly, monopoly balance in the short and long terms, monopoly balance with several plants, price discrimination, comparison of monopoly to perfect competition, introduction to the game theory, prices and production in oligopoly, comparison of solutions in oligopoly: collusion, threat, Cournot, Stackelberg, Bertrand, homogeneous and heterogeneous products, prices and production in monopolistic competition, balance in the short and long terms, horizontal and vertical product differentiation, competitive factor-based markets, imperfect information, moral risk, adverse selection, signboarding, principal-agent and information technology.