Industrial Economics and Policy
A.Y. 2020/2021
Learning objectives
The course aims to provide students with a basic knowledge of the main theoretical foundations of the industrial economy through the study of structure, organization, strategies, performance of companies and markets characterized by imperfect competition.
The various topics will be analysed through the study of theoretical models and empirical cases, in order to reach an understanding of the determinants of the industrial structure (e.g. company size and concentration of market shares), and its effects on the efficiency of the sector and consumer welfare.
The various topics will be analysed through the study of theoretical models and empirical cases, in order to reach an understanding of the determinants of the industrial structure (e.g. company size and concentration of market shares), and its effects on the efficiency of the sector and consumer welfare.
Expected learning outcomes
At the end of the course the student is expected to have acquired:
1. Knowledge and understanding: the teaching aims to provide students with the conceptual foundations of the analysis of industrial sectors, oligopolistic companies and the basic elements of regulatory and antitrust policies.
2. Application skills: the student will be able to apply economic theory and business behaviour patterns to real cases in order to understand business strategies, and competition and regulatory policies.
1. Knowledge and understanding: the teaching aims to provide students with the conceptual foundations of the analysis of industrial sectors, oligopolistic companies and the basic elements of regulatory and antitrust policies.
2. Application skills: the student will be able to apply economic theory and business behaviour patterns to real cases in order to understand business strategies, and competition and regulatory policies.
Lesson period: First semester
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
Lesson period
First semester
Teaching methods
Classes will be live-streamed on Microsoft Teams, following the lessons timetable. Live-streamed classes will be recorded and will be available on the online platform. Relevant information about how to join the classes on Microsoft Teams and other instructions will be available on the ARIEL website of the course. Please browse it regularly.
Course syllabus and Teaching Resources
The contents and reference material will not be changed.
Assessment methods and criteria
Assessments methods and criteria are unchanged: the exam will be taken either in class or through moodle+seb+webconference system, depending on the rules in force at that time.
Classes will be live-streamed on Microsoft Teams, following the lessons timetable. Live-streamed classes will be recorded and will be available on the online platform. Relevant information about how to join the classes on Microsoft Teams and other instructions will be available on the ARIEL website of the course. Please browse it regularly.
Course syllabus and Teaching Resources
The contents and reference material will not be changed.
Assessment methods and criteria
Assessments methods and criteria are unchanged: the exam will be taken either in class or through moodle+seb+webconference system, depending on the rules in force at that time.
Course syllabus
Part One
Introduction to industrial economics and policy: concepts and object of analysis.
Microeconomics references: consumer theory and business theory.
Part Two
Market structures (perfect competition, monopoly, oligopoly, monopolistic competition) and companies' behaviour within the market. Particular emphasis will be placed on the strategies adopted by companies to maximise their profit: market concentration, entry barriers, pricing strategies, product differentiation, R&D, mergers and alliances, vertical integration.
Part Three
Competition policies and measures to protect consumers implemented by the Italian and EU antitrust authorities.
More detailed information on the programme will be provided during the course.
Introduction to industrial economics and policy: concepts and object of analysis.
Microeconomics references: consumer theory and business theory.
Part Two
Market structures (perfect competition, monopoly, oligopoly, monopolistic competition) and companies' behaviour within the market. Particular emphasis will be placed on the strategies adopted by companies to maximise their profit: market concentration, entry barriers, pricing strategies, product differentiation, R&D, mergers and alliances, vertical integration.
Part Three
Competition policies and measures to protect consumers implemented by the Italian and EU antitrust authorities.
More detailed information on the programme will be provided during the course.
Prerequisites for admission
Prerequisite exams include Istituzioni di Diritto Privato, Diritto costituzionale, Economia Politica.
Teaching methods
Classes will be live-streamed on MsTeams, following the lessons timetable. Live-streamed classes will be recorded and will be available on the online platform. Relevant information about how to join the classes on Microsoft Teams and other instructions will be available on the Ariel website of the course. Please browse it regularly.
Teaching Resources
Luís Cabral, Economia industriale, edizione 2018, Carocci Editore, ISBN: 9788843092611
Alternatively
Lynne Pepall, Daniel J. Richards, George Norman e Giacomo Calzolari, Organizzazione Industriale, terza edizione, 2017, McGraw-Hill
Alternatively
Lynne Pepall, Daniel J. Richards, George Norman e Giacomo Calzolari, Organizzazione Industriale, terza edizione, 2017, McGraw-Hill
Assessment methods and Criteria
The exam consists of a written test divided into three questions. Each question is worth 10 points. It is possible to supplement the final mark with an oral exam.
For students enrolled in the year of the course there is an exemption test. Upon passing the exemption test, evaluated in thirtieth grade, a short interview is held that contributes to the formation of the final grade.
The participation of students in the exemption test is discretionary and assessments may be refused.
More detailed information on the written test will be provided during the course.
For students enrolled in the year of the course there is an exemption test. Upon passing the exemption test, evaluated in thirtieth grade, a short interview is held that contributes to the formation of the final grade.
The participation of students in the exemption test is discretionary and assessments may be refused.
More detailed information on the written test will be provided during the course.
SECS-P/01 - ECONOMICS - University credits: 6
Lessons: 42 hours
Professor:
Licciardo Francesco