The course applies microeconomics (including elements of price theory, game theory, and industrial organization) to analyze decisions firms face in business environments. There will be specific focus on strategic decisions and the factors that influence firms' competitive advantages. Class time will be devoted to lectures and case discussions. Topics covered include sources of competitive advantage, scope of the firm, efficient performance, pricing, entry and exit, vertical structure, and network externalities.

Business 33001. Cannot enroll in BUSN 42001 if BUSN 20900 taken previously.

A selection of readings will be posted in Canvas.

Based on class participation, assignments, a final, and possibly a midterm. No auditors. No pass/fail grades.