![]() Finally, reading a newspaper with good business coverage is an important habit. Outside of classwork, we strongly recommend that you attend the IO-Public seminar which runs on Tuesday afternoons, this will give you a sense of where the frontier is, and will give you an insight into how the process of research actually works (rather than seeing the culmination of that process). ![]() You are more likely to come up with something original if you haven’t already read 57 loosely related papers around the subject and if there is a gap then thinking about the issues beforehand, should help you find that rather than staring at the literature and trying to figure out where it is. What is good/convincing/insightful? Where does it leave you unsatisfied? Think about these questions first (and think might mean mulling over a period of days and weeks) before chasing through the literature. Discuss them with your friends, what questions does this work lead you to ask. We suggest, read papers ahead of time, read them after and make sure you understand them (for theory, this might involve writing down the structure model, making sure you can identify and understand key steps in proofs etc). However, like everything else in life this is a constrained problem (even if you don’t sleep at night). ![]() Like everything else, the secret to a successful research or professional career in IO is practice, practice, practice. Students can work on problem sets in groups with at most 3 members. To really understand a topic, you need to be able to replicate some of the work. Problem Sets: three problem sets will be given.Presentation: You will be asked to present a paper during the class.This paper will be discussed in class and an inability to discuss the paper will reflect badly on you and, more importantly, you won’t get much from the class. Participation: where the syllabus lists a paper with a star next to it, this indicates reading is required before class.Office HourĪllan Collard-Wexler: Sign up for office hours on website ().ĭaniel Xu: Sign up for office hours on website. If you are serious about pursuing IO, this is probably a book that you will want to have on your bookshelf.įor more background reading, if you want things to flick through at bedtime, some nice undergraduate texts include Carlton and Perloff Modern Industrial Organization, Oz Shy Industrial Organization and Luis Cabral Introduction to Industrial Organization. However, it will be advantageous for you to settle on software that is part of the current equilibrium in economics.įor many of the (theory) classes, we will start by covering material in Tirole’s Theory of Industrial Organization. ![]() You are expected to have a working knowledge of MATLAB and STATA, or equivalent software (such as R, Julia, Java, Python, C++, whatever). In addition, this class will require you to be able to program. We expect all of you to have micro background on the order of what is covered in 701 and econometrics background on the order of what is covered in 703. In particular, it aims to provide both a broadsweep of some fundamental topics and techniques which any researcher working in IO should be familiar with and to look at some particular topics in greater depth. This course aims to familiarize students with theoretical and empirical topics in industrial organization and help students start their own research agendas. Beyond academic careers, there are clear policy issues (on anti-trust and regulation) and commercial implications (reflected by the growing economics consulting sector, which is based primarily around IO issues including pricing and competitive analysis). We will aim to give a solid grounding in understanding the structure of markets, and the strategic behavior of firms and their consumers. This is an overview course in Industrial Organization.
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