The study of labor supply, labor demand, wage determination, resource allocation and income distribution. Emphasis is on public policy. The conduct and performance of market structures is analyzed. Structures include perfect competition, monopolistic competition, oligopoly and monopoly. Special attention is given to the study of strategic behavior in industry.
Game theory is introduced.
Public policy against monopoly practices is reviewed. Telecommunications Policy and Regulation. Deals with telecommunications policy and regulation. Major emphasis is placed on specific contemporary issues in telecommunications policy such as the emergence of competition, the states and federal mix of regulations, alternative forms of regulation and technology and competitive industrial structure. Public Utility Economics.