Industrial Economics and Policy

The aim of the course is to provide students with a wide framework of interpretative models concerning the main issues in both industrial organization and industrial policy. At the end of the course, students will be capable of analysing and facing the primary issues related to production and productive systems in a world of global competition.

Knowledge and understanding skills: the students will develop a knowledge and an understanding of the basic principles of market competition and price theory, as well as of the role played by distortions and market failures.
Application skills: developing the ability to formalize economic environments building on the central theoretical concepts of modern industrial economic theory.
Autonomy of judgment: ability to assess economic situations - particularly those determining the relationships among firms within an industry and the strategies that each firm can adopt -, relate them to concrete problems and provide policy recommendations.
Communicative skills: capacity to present methodology and theory in a consistent way so as to engage in thorough discussions of key formal industrial economic concepts ranging from differences among market structures to theories of strategic interaction.
Learning skills: developing the learning skills required to continue studying at an advanced level after understanding the relationships existing between a formal concept and its related economic intuition.