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This course is applied theoretical Game Theory. As such, we will view game theory in the context of its applications in Industrial Organizations (IO). IO is the study of markets underpinned by imperfect competition among firms.

Since we are interested in the behavior of firms we begin by investigating the theory of the firm. Given that IO studies Imperfect competition we then proceed with the most straightforward arrangement in imperfectly competitive markets, monopoly. Finally, the focus is then turned to the operations of oligopolies from a game theoretic perspective.