Кто читает:: Департамент экономики и финансов

Статус:: Курс обязательный

Когда читается:: 3-й курс, 1, 2 модуль

Преподаватели

Редькина Анастасия Юрьевна

Семенова Дарья Владимировна

Full 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

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

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

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

Assessment Elements

Market Analysis. Part 1
Market Analysis. Part 2
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
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.
Self Study Work
Exam
Входит тест, состоящий из вопросов по теории, задач и решения кейса

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

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

Authors

REDKINA ANASTASIYA YUREVNA
Борисова Елена Феликсовна
SEMENOVA DARYA VLADIMIROVNA

Бакалаврская программа «Экономика»

Industrial Organization Theory