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Industrial Organization

Description

Course Objective
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.

Course Content
Industrial Organization I:
Introduction
Review of Microeconomics
Game theory
Cournot
Bertrand
Dynamic Games
Cartels
Mergers
RPM

Industrial Organization II:
Price discrimination
Product differentiation
Regulation

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.

Evaluation
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.

People

 

Jametti M.

Course director

Campli P.

Assistant

Additional information

Semester
Fall
Academic year
2021-2022
ECTS
6
Language
English
Education
Master of Science in Communication and Economics in Corporate Communication, Elective course, Strategy and Entrepreneurship, 2nd year
Master of Science in Communication and Economics in Marketing and Transformative Economy, Elective course, Thematic Area: Strategy and Entrepreneurship, 2nd year
Master of Science in Communication in Media Management, Elective course, Thematic Area: Strategy and Entrepreneurship, 2nd year
Master of Science in Economics, Core course, Minor in Public Policy, 1st year
Master of Science in Economics in Management, Core course, 1st year