Industrial Economics
Pourya Zarshenas
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Industrial Economics

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Industrial Economics also gives insights into how firms organize their activities, as well as considering their motivation. In many micro courses, profit maximization is taken as given, but many industrial economics courses examine alternative objectives, such as trying to grow market share.There is also an international dimension - firms have the option to source inputs (or outsource production) overseas. As such, while industrial economics more frequently uses skills and knowledge from micro courses, macroeconomic concepts are sometimes employed.One of the key issues in industrial economics ...