Advanced Industrial Organisation
A.Y. 2019/2020
Learning objectives
The goal of the course is to present students with key concepts and tools on the evolution of the firm and the market. By combining theory and practice, the course will cover the major areas of advanced industrial organization such as markets' concentration, entry decisions, diversification and impact of economies of scale. A section of the course will be devoted to the deployment of quantitative methods. Guest lectures with entrepreneurs, managers and consultants will provide students with practical examples to connect them with the job market.
Expected learning outcomes
At the end of the course students will know the main theoretical and applied approaches to the analysis of different market structures. The focus will be, in particular on oligopolistic markets, that is the prevailing market structure in the real world.
The students will also acquire knowledge about the evolution of different markets, with particular reference to the manufacturing sector. Additionally, they will be able to delve into the relationship between market structure and innovation. In this regard, they will learn how structure affects innovation, as well as the reverse causality hypothesis, that is how innovation affect the evolution of market structure across different contexts.
The students will also acquire knowledge about the evolution of different markets, with particular reference to the manufacturing sector. Additionally, they will be able to delve into the relationship between market structure and innovation. In this regard, they will learn how structure affects innovation, as well as the reverse causality hypothesis, that is how innovation affect the evolution of market structure across different contexts.
Lesson period: First trimester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course cannot be attended as a single course. Please check our list of single courses to find the ones available for enrolment.
Course syllabus and organization
Single session
Responsible
Lesson period
First trimester
Course syllabus
The course analyses different market structures: competitive markets structure, monopoly situation and oligopolistic markets. The core of the program lies on oligopoly models and strategic interactions among firms. An important part of the program deals with anti-competitive strategies: limit Pricing and entry deterrence. Another important part of the course is related to vertical product differentiation: R &D , patents and Patent Policy. A particular focus will be on empirical applications (of specific topics) and on industrial policies in Italy and in Europe. The program is the same for attending and no-attending students.
Prerequisites for admission
I suggest to revise the basic microeconomic notions: particularly demand curve, supply and cost curves, perfect competition market structure, even though I will refresh them extensively.
Teaching methods
Classes are very important also for the final exam. The course will host some experts, belonging to companies, business association, competition and antitrust advisors, intellectual property and competition law world. The teacher is available for students who wish to organize groups for developing specific subjects of the course.
Teaching Resources
L. PEPALL-D. RICHARDS-G. NORMAN, Industrial Organization, Wiley 5th Edition
The slides, used by the teacher, are integral part of the references.
Additional material supplied by the teacher.
The slides, used by the teacher, are integral part of the references.
Additional material supplied by the teacher.
Assessment methods and Criteria
The final examen is a written examination. The examen will be a multiple choice test with exercises or theoretical questions (in a smaller share). The students could write a small dissertation on topics analyzed during the course. In this case the weight of the small dissertation will be equal to 30% of the final score.
SECS-P/06 - APPLIED ECONOMICS - University credits: 9
Lessons: 60 hours
Professor:
Giorgetti Maria Letizia
Shifts:
-
Professor:
Giorgetti Maria LetiziaProfessor(s)
Reception:
11.30 a.m-13.30 a.m.,Thursday
aula 9- 2° piano via Conservatorio, 7