Industrial organization is a subset of economics. It considers markets as institutions as well as competition and interaction among businesses, while also factoring in industrial policy. Coverage of economic theory, institutional and legal perspectives, and applied business approaches can provide challenges at any point in the course, but Varsity Tutors can set you up with an industrial organization tutor who can sit with you and explain what you need to know.
With industrial organization tutoring, you can work to strengthen your understanding of topics such as:
- Business strategies
- Negotiations
- Electronic markets
- Intellectual property
- Economic modeling
- Game theory
- Managing and governance skills
- Competition
- Deterrence and predation
- Networks and platforms
- Product differentiation
The difference between industrial organization tutoring and the course is your tutor can move along at your pace, consider your learning style, and focus on your learning needs to help build your knowledge and confidence. Your tutor has the flexibility to include case studies and real life examples in study sessions. The organizational and microeconomic foundations of the firm can be explained. If game theory has you yearning for a better understanding, this strategy can be broken down into its basic components, so you have a clearer perspective and can start to model interactions and negotiations.