Unit INDUSTRIAL ECONOMICS

Course
Business administration
Study-unit Code
20063606
Location
PERUGIA
Curriculum
Economico e manageriale
Teacher
Fabrizio Pompei
Teachers
  • Fabrizio Pompei
Hours
  • 42 ore - Fabrizio Pompei
CFU
6
Course Regulation
Coorte 2018
Offered
2019/20
Learning activities
Affine/integrativa
Area
Attività formative affini o integrative
Academic discipline
SECS-P/06
Type of study-unit
Obbligatorio (Required)
Type of learning activities
Attività formativa monodisciplinare
Language of instruction
Italian
Contents
The course provides the notions to analyze firms' behaviour and performances within industries. After summing up some micro-economic basic principles, the module will del with: 1) Monopoly, antitrust and regulation of natural monopolies; 2) Bertrand model and relaxation of its main hypotheses: a) production constraints; b) collusion; c) product differentiation; 3) Cournot Model; 4) Market structure; 5) Innovation.
Reference texts
Cabral L. (2017) Introduction to Industrial Organization, MIT Press.
Educational objectives
Through the Industrial Organization module the students have the opportunity to apply the concepts they have learnt in microeconomics to interpret the functioning of the different industries. After completing this course students should have:

1) developed skills that make them able to understand the main event occurring across industries, such as corporate behaviour, market concentration and strategic entry ;
2) developed skills that make them able to interpret report and documents concerning industrial economics, at local, national and international level;
3) developed skills that make them able to provide advice on market concentration trends and corporate behaviour.
Prerequisites
Attending a microeconomics course before to apply for industrial economics is strongly recommended. At the beginning of the industrial economics course, students are supposed to have the command on some principles and basic concepts, such as consumer and firm theory, market equilibrium, monopoly and oligopoly.
Teaching methods
Face-to-face.
Seminars.
Other information
Please, find more detailed information and teaching materials at the following website:

https://www.unistudium.unipg.it/unistudium/
Learning verification modality
Written exam.
ERASMUS+ students can opt for an oral examination. Oral exam for regularly enrolled students only complements the written exam mark, by adding/subtracting 2 scores.
Extended program

Introduction: key concepts and basic microeconomics

Monopoly and regulation

Oligopoly competition

Collusion

Product differentiation
Market Structure
Innovation
These subjects refer to the chapters of:
Cabral L. (2017) Introduction to Industrial Organization, MIT Press

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