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INDUSTRIAL ECONOMICS II
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INDUSTRIAL ECONOMICS II
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Academic year 2016/2017
- Course ID
- ECO0228
- Teacher
- Prof. Davide Vannoni (Titolare del corso)
- Year
- 2° anno
- Teaching period
- Primo semestre
- Type
- Affine o integrativo
- Credits/Recognition
- 6
- Course disciplinary sector (SSD)
- SECS-P/06 - economia applicata
- Delivery
- Tradizionale
- Language
- Inglese
- Attendance
- Facoltativa
- Type of examination
- Orale
- Prerequisites
- Basic knowledge of Microeconomics
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Sommario del corso
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Course objectives
This course surveys major topics in the field of Industrial Organization, with an emphasis upon oligopoly theory, but also with a look at empirical applications. The analytical knowledge that the student will derive from the course is useful for further study of firms and markets as well as to evaluate the effects of regulatory and legal systems (such as antitrust law or competitive policies) upon firms.
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Results of learning outcomes
At the end of the course, the student will be able:1. To understand how price and non-price competition among firms affecteconomic welfare.2. To analyze and evaluate models of competitive, oligopolistic, andmonopoly markets.3. To analyze and evaluate how firms’ structure and conduct affecteconomic welfareThe student will use some intermediate level tools to understand andevaluate firms' structure and conduct. He will study some strategiesundertaken by firms in the real world and will critically analyze themThe student will learn simple mathematical tools as well as how toundertake a graphical analysis. The student will apply economicreasoning to specific situations taken from the real world of firms, withoutsimply repeating what is included in the textbook.- Oggetto:
Course delivery
Lectures, exercise sessions, and classroom presentation of papers by students working in small working groups.
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Learning assessment methods
Solo scritto (durata h.:2)
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Program
Short-run Price CompetitionDynamic Price Competition and Tacit CollusionEntry, Accomodation and ExitProduct DifferentiationStrategic Behaviour: Reputation, Limit Pricing and PredationMergersVertical RestraintsThis course surveys major topics in the field of Industrial Organization, with an emphasis upon oligopoly theory, but also with a look at empirical applications. We will focus upon market structure, firm conduct, and economic performance of industries. Of special interest is firms' strategic behaviour in price and non-price competition. The types of behaviour, or conduct, include oligopoly pricing and production, strategic entry deterrence, location strategies, product differentiation.
Suggested readings and bibliography
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Textbooks Tirole, J. (1988), The Theory of Industrial Organization, MIT Press. Martin, S. (2001), Advanced Industrial Economics, Blackwell. Church, J. and R. Ware (1999), Industrial Organization, A Strategic Approach, McGraw-Hill Motta, M. (2005), Competition Policy, Theory and Practice, Cambridge University Press
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Class schedule
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