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Industrial Organization Theory

2022/2023
Учебный год
ENG
Обучение ведется на английском языке
5
Кредиты
Статус:
Курс обязательный
Когда читается:
3-й курс, 1, 2 модуль

Преподаватели

Course Syllabus

Abstract

The course introduces the theory of industrial organization and focuses on behavior of firms, market structures, interaction between them, and antitrust policy. It includes economic modeling, game theory, case studies, and discussion of real life examples. The course focus is split between economy theory models and real markets analysis. Knowledge acquired in this course will provide students with analytical, business managing, and public governance skills.
Learning Objectives

Learning Objectives

  • The goal of the course is to prepare students for managerial, analytical, entrepreneurial, and research activities and duties in the course of employment at entry level and junior executive positions and continuation of their education in postgraduate programs.
Expected Learning Outcomes

Expected Learning Outcomes

  • Analyse equilibrium, efficiency, and policy in a monopolistic market
  • Students are able to: a. derive reaction functions within different oligopoly settings; b. analyse outcomes under different oligopoly settings; c. apply the knowledge to practical situations.
  • Be able to identify barriers of different types. Apply the theoretical knowledge gained in the course to the analysis of real-life markets
  • Describe different market structures with particular emphasis on concentration and monopoly power
  • Analyze how market structures affect the behavior of firms
  • Justify research question in the field of Industrial Organization
  • Employ game theoretical models for analysis of particular markets and industries
  • Describe how price discrimination affects a monopoly's output, prices, profit, and social welfare by using models
  • Describe simple policy tools available to antitrust authorities, the contexts in which they might be deployed, and their likely consequences
  • Employ game theoretical models for the analysis of oligopoly
  • Understand essential concepts: e.g., strategic interaction, collusion, equilibrium, strategy, differentiation, horizontal and vertical relations, anti-competitive behavior
  • Explain the rationale of antitrust regulation
Course Contents

Course Contents

  • Introduction
  • Monopoly and Price Discrimination
  • Oligopoly
  • Market Entry
  • Vertical Relations
  • Extensions and applications or additional selected topics in IO
Assessment Elements

Assessment Elements

  • non-blocking Market Analysis. Part 1
  • non-blocking Market Analysis. Part 2
  • non-blocking Test
    Solving the problem set. The goal of this test is to evaluate students’ understanding of the subject and ability to work with canonical models discussed during lectures and seminars
  • non-blocking Seminar (and lecture) work
    For each class, there is an assignment (problem set, games, presentation, case study, etc.) Short quizzes are provided in class or through Kahoot. Students that are absent during the class get individual tasks. For details on one of the planned games, see the Examples section, which is one of the practical exercises.
  • non-blocking Self Study Work
  • non-blocking Exam
    Входит тест, состоящий из вопросов по теории, задач и решения кейса
Interim Assessment

Interim Assessment

  • 2022/2023 2nd module
    0.08 * Seminar (and lecture) work + 0.1 * Market Analysis. Part 2 + 0.1 * Market Analysis. Part 1 + 0.1 * Self Study Work + 0.3 * Exam + 0.2 * Test + 0.07 * Seminar (and lecture) work + 0.05 * Self Study Work
Bibliography

Bibliography

Recommended Core Bibliography

  • Oz Shy. (1996). Industrial Organization: Theory and Applications. The MIT Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.mtp.titles.0262691795

Recommended Additional Bibliography

  • Carlton, D. W. (2015). Modern Industrial Organization, Global Edition: Vol. Fourth ed. Global ed. Pearson.
  • Industrial organization : a strategic approach, Church, J., 2000