02528 - Industrial Economics,,,

Learning outcomes

The aim of the course is to introduce students to the concepts of industrial organization. The course discusses first the behaviour of firms and their interactions in the different markets. Then, it focuses on the firm internal organisation, devoting particular attention to the theory of incentives and to incomplete information. At the end of the course the student is able to: - analyse the strategic behaviour of firms in different markets; - understand the main features of the internal organisation of the firm; - understand the role of incomplete information on firms decisions and propose possible solutions for the resulting allocative inefficiencies.

Course contents

Topics:

- Basic concepts

- Monopoly power

- Oligopoly and strategic interaction

- Anticompetitive strategies: Collusion and predation

- Contractual relations between firms: Mergers and vertical restrictions

Readings/Bibliography

Pepall, Richards, Norman e Calzolari, Organizzazione Industriale, 3rd edition, 2017, McGraw-Hill

Teaching methods

Lectures.

Assessment methods

Written exam.

To take the exam it is essential to register for the test on Almaesami. Registrations expire five days before the test. There are no exceptions. It is advisable not to wait until the last moment to register to avoid system problems.

Any form of academic dishonesty will not be tolerated.

The student has the right to decline the grade only once.

Evaluation criteria:

18-23: sufficient preparation and ability to analyze but relating to a limited number of topics covered in the course, use of an overall correct language;

24-27: technically adequate preparation but with some limitations with respect to the topics covered, good analytical skills, even if not particularly articulated, expressed in correct language;

28-30: excellent knowledge of a large number of topics covered in the course, good analytical and critical skills, mastery of specific terminology;

30L: excellent and very in-depth and exhaustive knowledge of the topics covered in the course, critical analysis and connection skills, mastery of specific terminology.

Teaching tools

Blackboard and Chalk.

Office hours

See the website of Luciano Messori