Corso Vittorio Emanuele II, 39 - Roma 0669207671

Economics and business administration (Academic Year 2021/2022) - Financial management

Industrial organization


Credits: 9
Content language:English
Course description
The course of Industrial Organisation provides students with the theoretical backgrounds to study and understand the behaviour and interactions among firms and their effects on market structure. In details, the student will learn to understand how firms’ interactions influence market equilibrium and market structures (perfect and imperfect competition), and the firms’ strategies to acquire market power (cartels, mergers, etc.). In addition, students will understand the reasons for which antitrust and ex-post regulation is important for the economic growth of a region or of a country and the way anti-competitive behaviour are managed by policy makers. In this way, students will also understand the actual regulatory choices made especially in Europe and the US.
Prerequisites
No formal prerequisities. However a refresh of the basic of Economics is reccommended.
Objectives
The course of Industrial Organization provides students with the theoretical backgrounds to study and understand the behaviour and interactions among firms and their effects on market structure. In details, the student will learn to understand how firms interactions influence market equilibrium and market structures (perfect and imperfect competition), and the firms’ strategies to acquire market power (cartels, mergers, etc.). In addition, students will understand the reasons for which antitrust and ex-post regulation is important for the economic growth of a region or of a country, and the way anti-competitive behaviour are managed by policy makers. In this way, students will also understand the actual regulatory choices made especially in Europe and the US.

Program
The lessons cover the following topics: • The firms and the cost in the long and short run; perfect competition; monopoly; oligopoly; cartels; • Product differentiation and monopolistic competition; industry, structure and performance; • Price discrimination; pricing methods; strategic behaviour; vertical integration and vertical restriction; information; advertising and disclosure; • Patents; antitrust issues, focusing to Europe and the US; regulation and deregulation.
Book
Dennis W. Carlton (Author), Jeffrey M. Perloff (Author), Modern Industrial Organization (4th Edition) 4th Edition, 2013
Exercises
Open questions, numerical exercises, case studies.
Professor/Tutor responsible for teaching
Linda Meleo
Video professors
Prof. Patrizio Bianchi - Università di Ferrara (Ferrara - Italia)
Prof. Davide Quaglione - Università di Chieti (Chieti - Italy)
List of lessons
Patrizio Bianchi
Davide Quaglione
    •  Lesson n. 3: Competition  Go to this lesson
Davide Quaglione
    •  Lesson n. 4: Monopoly  Go to this lesson
Davide Quaglione
Davide Quaglione
    •  Lesson n. 6: Cartels  Go to this lesson
Davide Quaglione
Davide Quaglione
Davide Quaglione
Davide Quaglione
Davide Quaglione
Davide Quaglione
Davide Quaglione
Davide Quaglione
Davide Quaglione
Patrizio Bianchi