Learn · NPTEL

Course10910318743 lectures

Introduction to Market Structures

Prof. Amarjyoti Mahanta · IIT Guwahati

Start with lecture 1 At NPTEL

About

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

Lectures

Week 1: Consumer Behavior and Demand Curve Unit

  1. Lec 1: Introduction to Industrial Organization, Preferences YouTube
  2. Lec 2: Utility maximization and derivation of demand curve YouTube
  3. Lec 3: Examples of utility maximization, demand curve and market demand curve YouTube
  4. Lec 4: Tutorial Module 1 YouTube

Week 2: Production and cost curves

  1. Lec 5: Production Function YouTube
  2. Lec 6: Cost minimization problem YouTube
  3. Lec 7: Derivation of cost curves YouTube
  4. Lec 8: Tutorial on Production and cost curves YouTube

Week 3: Perfectly Competitive Market

  1. Lec 9: Optimal output and supply curve of a firm YouTube
  2. Lec 10: Derivation of market price in a perfectly competitive market and outcome in Long run YouTube
  3. Lec 11: Long run outcome and perfectly competitive market outcome is Pareto optimal YouTube
  4. Lec 12: Tutorial on Perfectly Competitive Market YouTube

Week 4: Monopoly

  1. Lec 13: Derivation of Monopoly output and price YouTube
  2. Lec 14: Price Discrimination I YouTube
  3. Lec 15: Price discrimination II and III YouTube
  4. Lec 16: Tutorial on monopoly YouTube

Week 5 : Static Games of Complete Information

  1. Lec 17: Introduction to Game Theory and Iterated elimination of dominated strategies YouTube
  2. Lec 18: Pure Strategy Nash equilibrium YouTube
  3. Lec 19: Mixed Strategy Nash equilibrium YouTube
  4. Lec 20: Existence of Nash equilibrium in a game of 2 players and 2 strategies YouTube
  5. Lec 21: Tutorial on Static Games of Complete Information YouTube

Week 6: Dynamic Games of Complete Information

  1. Lec 22: Dynamic Games and Backward Induction YouTube
  2. Lec 23: Subgame Perfect Nash Equilibrium YouTube
  3. Lec 24: Tutorial on Dynamic Games of Complete Information YouTube

Week 7: Cournot Competition

  1. Lec 25: Cournot Duopoly YouTube
  2. Lec 26: Cournot Oligopoly YouTube
  3. Lec 27: Tutorial on Cournot Competition YouTube

Week 8: Bertrand Competition

  1. Lec 28: Bertrand Competition with and without Fixed Cost YouTube
  2. Lec 29: Bertrand Competition with Capacity Constraint YouTube
  3. Lec 30: Bertrand Competition with Capacity Constraint YouTube
  4. Lec 31: Tutorial on Bertrand Competition YouTube

Week 9: Bertrand Competition and Stackelberg Competition

  1. Lec 32: Bertrand Competition with decreasing returns to scale YouTube
  2. Lec 33: Stackelberg Quantity Competition YouTube
  3. Lec 34: Tutorial on Bertrand Competition and Stackelberg Quantity Competition. YouTube

Week 10: Stackelberg Price Competition and Product Differentiation

  1. Lec 35: Stackelberg Price Competition YouTube
  2. Lec 36: Simultaneous move Hotelling Model YouTube
  3. Lec 37: Tutorial on Stackelberg Price Competition YouTube

Week 11: Product Differentiation and Entry Deterrence

  1. Lec 38: Sequential Move Hotelling Model YouTube
  2. Lec 39: Dixit's Model of Entry Deterrence YouTube
  3. Lec 40: Tutorial on Sequential move Hotelling Model YouTube

Week 12: Entry Deterrence, Bundling and Tying

  1. Lec 41: Dixit's Model of Entry Deterrence YouTube
  2. Lec 42: Bundling and Tying of Products YouTube
  3. Lec 43: Tutorial on Dixit's Model of Entry Deterrence YouTube

Syllabus and materials

At NPTEL, as the course publishes them.

Credits and licence

Institution
IIT Guwahati
Department
Humanities and Social Sciences
Teacher
Prof. Amarjyoti Mahanta
Level
Undergraduate
Language
English
Subjects
Society and politics
Source
NPTEL
Licence
CC BY-NC-SA, as NPTEL states it. Non-commercial use only. NPTEL's terms
Attribution
NPTEL states: "Distributed under Creative Commons Attribution-ShareAlike / CC BY - NC - SA", beside a BY-NC-SA badge.
Who can watch
NPTEL gives no rating. Invisible Network shows it to Teens profiles and older, judged from what the source says about it. How courses are placed