what is the industrial organization economics
Industrial economics is a distinctive branch of economics which deals with the economic problems of firms. and industries, and their relationship with society. In economic literature it is known by several names with. marginal differences such as âEconomics of Industriesâ, âIndustry and Tradeâ, âIndustrial Organization and. Policyâ, âCommerceâ and âBusiness Economicsâ etc.
Course Description: Industrial organization is the study of how industries function and. how firms interact within an industry. While this is part of the general agenda of. microeconomics, industrial organization distinguishes itself by its emphasis on the study. of firm behavior in imperfectly competitive markets.