This course is no longer offered

10427 Industrial Economics 1

Credits: 3 intermediate credits in Economics

Prerequisite: Introduction to Microeconomics

Author: Michael Shefer

The course examines several aspects of the business sector: the size of the plant and the business; industrial centralization; composition of production costs; industry entry and exit conditions; diversification of business activities; competitive power; pricing policy; proportion of resources allocated to research and development; heavy advertising; production and marketing efficiency; economic growth; price stability; full employment and fair distribution of income. It enables the student to examine the relationship between economic theory and empirical findings, drawing on examples from the Israeli context.

Topics: Introduction – What is industrial economics?; The size of a plant or a business; Mechanization, utility and capital intensity; Concentration in industry; Entry into industry.

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1This course will not be offered after Fall 2008.