Industrial Organization Theory
- 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.
- 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
- Monopoly and Price Discrimination
- Market Entry
- Vertical Relations
- Extensions and applications or additional selected topics in IO
- Market Analysis. Part 1
- Market Analysis. Part 2
- TestSolving 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) workFor 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
- ExamВходит тест, состоящий из вопросов по теории, задач и решения кейса
- 2022/2023 2nd module0.08 * 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
- 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
- Carlton, D. W. (2015). Modern Industrial Organization, Global Edition: Vol. Fourth ed. Global ed. Pearson.
- Industrial organization : a strategic approach, Church, J., 2000