Industrial Organization
- Credits: 6
- Ending: Examination
- Range: 2P + 2C
- Semester: summer
- Year: 1
- Faculty of Economics and Finance
Teachers
Included in study programs
Teaching results
By completing this course, students will enhance their understanding of microeconomics as it relates to markets and firm strategies within imperfect competition. They will grasp theoretical models that illustrate various market structures and other market dynamics. Additionally, they will become familiar with the theoretical background and methods for the use and misuse of market power, comprehending the implications of its existence.
During seminars, students will apply theoretical knowledge through empirical examples, utilizing real data to enhance their analytical abilities. They will develop analytical skills through hands-on experience with statistical software such as Stata.
Indicative content
Introduction and basic microeconomics
2. Strategic interactions and game theory
3. Games with strategic substitutes
4. Games with strategic complements
5. Horizontal product differentiation
6. Games in a dynamic environment
7. Leader-follower model
8. Dynamic models of price competition
9. Market entry
10. Foreclosure and the optimal number of firms in the market
11. Empirical models of entry
12. Empirical models of demand estimation and substitution relationships
Support literature
Belleflamme, Paul, and Martin Peitz. Industrial organization: markets and strategies. Cambridge University Press, 2015.
Pepall, Lynne, Dan Richards, and George Norman. Industrial organization: Contemporary theory and empirical applications. John Wiley & Sons, 2014.
Motta, Massimo. Competition policy: theory and practice. Cambridge University Press, 2004.
Requirements to complete the course
Evaluation during the semester and homework 40 %
Final exam 60 %
Student workload
Total study load 156 hours
Lectures 26 hours
Seminars 26 hours
Preparing for seminars and seminar homework 26 hours
Preparing for evaluations during the semester 26 hours
Final exam preparation 52 hours
Language whose command is required to complete the course
English language
Date of approval: 27.06.2024
Date of the latest change: 20.05.2024