Economist
& Associate Professor of Economics

michael.noel@ttu.edu

+1 (858) 357-3818

__ECO5347 Industrial Organization Theory__

The course provides a graduate level introduction to theoretical work in Industrial Organization. It deals with theoretical models of pricing, price discrimination, monopoly power, oligopoly, entry, information, mergers, vertical restraints, and regulation. It assumes familiarity with microeconomic theory and competitive game theory.

__ECO5348 Seminar in Empirical Industrial Organization__

The course provides a graduate level introduction to econometric work in Industrial Organization. It deals with estimating econometric models of pricing, price discrimination, monopoly power, oligopoly, entry, information, mergers, vertical restraints, and regulation, including reduced form and structural approaches, discrete choice modelling, almost-ideal-demand-systems, and merger simulations. It assumes a familiarity with microeconomic theory, game theory and econometrics.

__ECO3326 Industrial Organization and Competitive Strategy__

The course makes extensive use of game theory to analyze
competition and the strategic behavior of firms in imperfectly
competitive markets. Topics include pricing strategies, collusive
behavior, entry decisions, entry deterrence, advertising, research
and development, firm structure and merger activity. Special
attention will be given to teaching the skills of economic modeling.

__ECO3327 Antitrust Law and Economic Regulation__

This course examines the economics of antitrust and economic regulation. The first part explores antitrust laws in the United States and the landmark court decisions that have interpreted them, and discusses them in the context of current economic theory and understanding. Topics include monopoly and oligopoly pricing, price discrimination, price fixing, monopolization, tying and bundling, raising rivals' costs, predatory pricing, mergers, resale price maintenance, exclusive dealing, exclusive territories, and refusals to deal. The second part explores the motivations, costs, benefits, methods, and outcomes of economic regulation, and examines the regulatory experience in a large number of industry case studies.

__ECO3325 Special Topics in Applied Economics__

This course covers special topics of current and particular interest and is offered time to time.

__ECON234 Industrial Organization__

The course provides a graduate level introduction to Industrial
Organization. It deals with price discrimination, monopoly power,
oligopoly, entry, information, discrete choice modelling, mergers,
vertical restraints, and other competition topics. It assumes a
familiarity with microeconomics theory, game theory and
econometrics.

__ECON260 Industrial Organization__

The course provides a graduate level introduction to Industrial
Organization. It deals with price discrimination, monopoly power,
oligopoly, entry, information, discrete choice modelling, and
econometric estimation techniques. It assumes a familiarity with
microeconomics theory, game theory and econometrics.

__ECON105 Industrial Organization and Firm Strategy __

This course makes extensive use of game theory to analyze the
strategic behavior and interaction of firms in imperfectly
competitive markets. Topics include pricing strategies, collusive
behavior, entry decisions, entry deterrence, advertising, research
and development, firm structure and merger activity. Special
attention will be given to teaching the skills of economic modeling.

__ECON107 Regulation and Antitrust __

This course examines the economics of antitrust and economic
regulation. The first part explores antitrust laws in the United
States and the landmark court decisions that have interpreted them, and
discusses them in the context of current economic theory and
understanding. Topics include monopoly and oligopoly pricing, price
discrimination, price fixing, monopolization, tying and bundling,
raising rivals' costs, predatory pricing, mergers, resale price
maintenance, exclusive dealing, exclusive territories, and refusals
to deal. The second part explores the motivations, costs,
benefits, methods, and outcomes of economic regulation, and examines
the regulatory experience in a large number of industry case
studies.

__ECON100A Intermediate Microeconomics I (Consumer Theory)__

This is the first course in the upper division microeconomics
sequence. In the sequence, we revisit the supply and demand model
from the micro principles course but do so in a more rigorous and
mathematical way. The first course in the sequence, 100A, analyzes
the demand side. We work through the problem of utility maximization
by consumers using optimization techniques from multivariate
calculus and ultimately derive a demand curve and its properties. We
consider a variety of choice applications and decision making under
uncertainty.

__ECON100B Intermediate Microeconomics II (Cost and Competition
Theory)__

This is the second course in the upper division microeconomics
sequence. In the sequence, we revisit the supply and demand model
from the micro principles course but do so in a more rigorous and
mathematical way. The second course in the sequence, 100B, analyzes
the cost structure of firms, and then analyzes the paradigm of
perfect competition. We work through the problem of cost
minimization by firms using optimization techniques from
multivariate calculus and ultimately derive a supply curve under
perfect competition and its properties. We consider a variety of
applications of the model.

__ECON100C Intermediate Microeconomics III (Monopoly and
Oligopoly Theory)__

This is the third and final course in the upper division
microeconomics sequence. In the sequence, we revisit the supply and
demand model from the micro principles course but do so in a more
rigorous and mathematical way. This third course in the sequence,
100C,
analyzes the supply side when competition is imperfect. We work
through the problems of monopoly and oligopoly using techniques from
multivariate calculus. We consider a variety of more advanced
applications such as incomplete information, public goods provision,
and externalities.

__ECON87 Freshman Seminar - Landmark Antitrust Cases in the U.S.
__

This freshman seminar looks at some major antitrust cases in the
U.S. from the early twentieth century up to the present day. Some
examples include the Great Vitamin Conspiracy, Microsoft, VISA
International, Standard Oil, ALCOA, Leegin, Sharp Electronics, and
others.

__ECON87 Freshman Seminar - How to Take Risks __

This freshman seminar introduces decisionmaking under uncertainty.
Concepts include risk evaluation, expected value, expected utility,
risk aversion, objective and subjective probablity, insurance, and
actuarial science.

__MGT405 Microeconomics __

This course introduces MBA students to supply and demand economics, pricing strategies, market structure, and
managerial decisionmaking with
economic data.

__14.01 Microeconomics __

This is advanced course in microeconomics, rooted in calculus
techniques, and covering the fundamentals of supply and demand,
consumer theory, competition theory, monopoly and oligopoly theory,
entry, asymmetric information and uncertainty. Equivalent to a master's level course at many other universities.

__ECO200 Intermediate Microeconomics __

This is a full year course in intermediate microeconomics. Topics
include supply consumer choice theory, cost functions, perfect
competition, monopoly, oligopoly, asymmetric information and
uncertainty.

__ECO206 Intermediate Microeconomics with Calculus __

This is a full year course in intermediate microeconomics using
calculus. The topics are similar to those in ECO200, but will be
more intensive and make extensive of calculus and optimization
theory.

__ECO305 Industrial Organization and Public Policy __

This is a full year course in Industrial Organization, the study of
firms' decisionmaking processes, competitive and
anti-competitive behaviors, and antitrust consequences of those
behaviors. It discusses policymaking in the context of monopolistic
and oligopolistic markets, optimal regulation, and antitrust law.
Topics include monopoly and oligopoly pricing, price discrimination,
price fixing, monopolization, tying and bundling, raising rivals' costs, predatory
pricing, mergers, resale price maintenance, exclusive dealing,
exclusive territories, refusals to deal, and regulation.

__ECO326 Advanced Microeconomics __

This is an advanced course in game theory. Topics include static
games of complete and incomplete information and dynamic games of
complete and incomplete information, the concept of Nash Equilibria,
Subgame Perfect Nash Equilibria, and Perfect Bayesian Nash
Equilibria.

- Professor Noel's undergraduate courses -- ECO3326 (Industrial Organization and Competitive Strategy) and ECO3327 (Antitrust Law and Economic Regulation) -- are popular and tend to fill to capacity very quickly. Early enrolment is recommended.

- All course syllabi and other course materials are available on the Texas Tech Blackboard portal, blackboard.ttu.edu