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02528 - Industrial Economics

Academic Year 2021/2022

                
                        Docente:
                        Antonio Minniti
                    
                        Credits:
                        7
                    
                        SSD:
                        SECS-P/06
                    
                        Language:
                        Italian
                    
                        Teaching Mode:
                        Traditional lectures
                        
                            Campus:
                            Bologna
                        
                            Corso:
                            First cycle degree programme (L) in
                            Management and Marketing (cod. 8406)

                            Teaching resources on Virtuale

Learning outcomes

Students should achieve an understanding of the most important theories concerning the organization of industries and the behavior of firms within those industries. They should be also able to apply these theories to real-world situations. The overall objective of the course is to understand how industrial economics can contribute to economic policy with respect to imperfectly competitive markets and monopoly.

Course contents

Aim of the course

The aim of this course is to provide a basic understanding of the theoretical foundations of Industrial Economics at the undergraduate level. The course covers important issues, such as monopoly, strategic interaction and oligopoly, competition, collusion, contracts, predatory pricing, R&D and patents.

Exercises and problem sets will be provided to students during the lectures.

Readings/Bibliography

Text book:

Chapters 1-14 and 18 of the text book "Organizzazione Industriale", McGraw-Hill, Lynne Pepall, Daniel J. Richards, George Norman & Giacomo Calzolari, McGraw-Hill, 3/ed.

Teaching methods

Frontal lessons, take-home exercises and problem sets. Students are recommended to join the channel "Ec. Industriale CLAMM MINNITI" of Microsoft Stream. All the recorded lectures can be found at the following website: https://web.microsoftstream.com/channel/a15621dd-593f-41a2-ba3a-0344fb640281

Assessment methods

The learning test includes two parts: written exam and oral presentation of antitrust cases and applications to Industrial Economics topics (group work).

The written test aims to verify the theoretical knowledge acquired. It lasts 1 hour and is a closed book exam. It is divided in three parts:

3 multiple choice questions (with short motivation): 4 answer options (one of which is true) for a total of 9 points.
Open question (formal answer to theoretical questions): 10 points.
Numerical exercise with 2 or 3 questions: 12 points.

The maximum score obtainable by providing all the correct answers is 30 cum laude.

The grade is graduated as follows:

<18 failed
18-23 sufficient
24-27 good
28-30 very good
30 cum laude excellent

In case online exams will be envisaged by the University of Bologna, the exam will be run through Zoom and Exams Online (EOL) with the same structure. Detailed instructions on how to conduct the written test held online will be given by the professor using Teams.

Teaching tools

Frontal (or online) lectures with the support of interactive slides.

Links to further information

https://sites.google.com/site/minnitianto77/teaching/economia-industriale

Office hours

See the website of Antonio Minniti

SDGs

This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.