Updated A.Y. 2022-2023
The main topics covered during the module are:
- Pricing and price discrimination
- Oligopoly: price and quantity competition
- Entry and market structure
- Mergers and merger policy
- Market foreclosure
- Vertical relations
- Product differentiation and advertising
The course is based on the following textbook: Cabral, L.\ 2017. Introduction to Industrial Organization (2nd edition). MIT press.
Chapters covered: 2 (sections 2.1 and 2.2 only), 3 (sections 3.1, 3.2 and 3.3 only), 4, 6, 8, 9, 10, 11, 12, 13, 14.
KNOWLEDGE AND UNDERSTANDING: knowledge and understanding of the main hypothesis, methods and results of industrail economics
APPLYING KNOWLEDGE AND UNDERSTANDING: ability to use the methods of industrial organisation to analyse markets
MAKING JUDGEMENTS: ability to evalutate the robustness of economic arguments in the light of the robustness of the underlying modeling choices
COMMUNICATION SKILLS: ability to illustrate the hypothesis, methods and results of industraill economics; ability to illustrate how the methods of industriail economics may be used to analyse markets
LEARNING SKILLS: ability to read, comprehend and evaluate advanced industrial economics manuals and papers
Written exam, with exercises, essay-type questions and multiple choice questions. homework accounts for up 10% of the final grade, only if contributing positively to the final grade.