The course presents an introduction to the modern theory of Industrial Organization. In most markets the assumptions of perfect competition are not met. We will work to understand the working of industries with limited competition and its implications both from a theoretical and a practical point of view. Aspects considered include basic monopoly and oligopoly theory; price competition; cartels; mergers and acquisitions. The final part of the course introduces the main concepts used in the analysis of regulation of network industries.
Industrial Organization I:
Review of Microeconomics
Industrial Organization II:
Structure of the course
Class lectures will be held by Prof. Jametti. In-class exercises will be held by the assistant. Some classes are reserved for discussion of empirical articles that will be available online.
There will be a final exam worth 100% of the final mark.
The final exam will cover both Industrial Organization I and Industrial Organization II for the MM students and for the MEP students who followed both.
The MEP student who just followed Industrial Organization I will be examined solely on it.
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