Economic evidence and analysis play a crucial role in competition cases brought before overseas courts. This course brings economic theory to the practice of competition law by covering conceptual foundations as applied in the context of competition law. Practitioners in competition law should have a firm understanding of the increasingly important role that economics plays in competition law and an understanding of when economic analysis is needed for a particular competition law case. Students will learn about market power and market definition, economic issues that arise out of the first conduct rule, the second conduct rule, network effects and the boundaries of competition law and intellectual property law, and mergers.