Program overview
Industrial economics is a branch of applied economics that focuses on market structures, firm behavior, and how they affect economic efficiency. Simply put, it analyzes why some industries are highly monopolistic while others are fiercely competitive, how companies set prices, advertise, and innovate, and whether and how governments should intervene. Core courses include industrial organization theory, game theory, antitrust economics, innovation economics, and econometrics. You'll learn to use mathematical models and data analysis to answer practical questions like "Will a merger raise prices?" or "Can subsidies boost R&D?" Chinese universities have unique advantages in this field: on one hand, China has the world's most complete manufacturing system and a massive internet platform economy, providing rich research material; on the other hand, many schools collaborate with government think tanks and large enterprises, giving access to real industry data. It's suitable for students interested in business logic, policy analysis, and data research—a strong math background is a plus.