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Learning Objectives

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




The main topics covered during the module are:
- Demand
- Pricing and price discrimination
- Game theory
- Oligopoly: price and quantity competition
- Collusion
- Entry and market structure
- Mergers and merger policy
- Market foreclosure
- Vertical relations
- Product differentiation and advertising


Cabral, L. 2017. Introduction to Industrial Organization, 2nd Ed. MIT Press.

Teaching methods

traditional lectures + weekly homework with practice classes for the discussion of the students' homework

Exam Rules

Students are assessed by a written exam at the end of the course. The exam is composed of one essay-type question, one exercise and a series of multiple choice questions. The essay-type question is aimed at assessing the student in terms of all learning outcomes of the course. The exercise is aimed at assessing both the knowedge and understanding of industrial organisation and the ability to apply them to set-ups similar to those analysed by the academic research in the discipline. The multiple choice questions are aimed at assessing the knowledge and understanding of IO. The three partes of the exam concur to the determination of the final grade with equal weight. An additional, in itinere, assessment is carried out by weekly homework, similar in their nature to the exercises in the final written exam. By completing the weekly homework, the student can self-assess his/her progress in attaining the course learning objectives. Weekly homework are evaluated and the evaluation allows the student to potentially improve its final grade by 10-15%.