Structure, behavior, and performance of firms and their interactions on social welfare, production, investment and other economic decisions under various forms of market structures. Organization of the firm, monopoly, oligopoly, price discrimination, auctions. Economic and social regulation, deregulation and privatization, patent, anti-trust.

CILO-1: Identify key points of market structures and their impact on firm behavior. CILO-2: Summarize and explain the major features of industrial theories and models. CILO-3: Discuss the impact of government policies on market structure and firm behavior. CILO-4: Analyze industrial organization issues and interpret the results.