Study-unit INDUSTRIAL ECONOMICS

Course name Business administration
Study-unit Code 20063606
Location PERUGIA
Curriculum Economico e manageriale
Lecturer Fabrizio Pompei
Lecturers
  • Fabrizio Pompei
Hours
  • 42 ore - Fabrizio Pompei
CFU 6
Course Regulation Coorte 2018
Supplied 2019/20
Supplied other course regulation
Learning activities Affine/integrativa
Area Attività formative affini o integrative
Sector SECS-P/06
Type of study-unit Obbligatorio (Required)
Type of learning activities Attività formativa monodisciplinare
Language of instruction Italian
Contents The course provides the notions to analyze firms' behaviour and performances within industries. After summing up some micro-economic basic principles, the module will del with: 1) Monopoly, antitrust and regulation of natural monopolies; 2) Bertrand model and relaxation of its main hypotheses: a) production constraints; b) collusion; c) product differentiation; 3) Cournot Model; 4) Market structure; 5) Innovation.
Reference texts Cabral L. (2017) Introduction to Industrial Organization, MIT Press.
Educational objectives Through the Industrial Organization module the students have the opportunity to apply the concepts they have learnt in microeconomics to interpret the functioning of the different industries. After completing this course students should have:

1) developed skills that make them able to understand the main event occurring across industries, such as corporate behaviour, market concentration and strategic entry ;
2) developed skills that make them able to interpret report and documents concerning industrial economics, at local, national and international level;
3) developed skills that make them able to provide advice on market concentration trends and corporate behaviour.
Prerequisites Attending a microeconomics course before to apply for industrial economics is strongly recommended. At the beginning of the industrial economics course, students are supposed to have the command on some principles and basic concepts, such as consumer and firm theory, market equilibrium, monopoly and oligopoly.
Teaching methods Face-to-face.
Seminars.
Other information Please, find more detailed information and teaching materials at the following website:

https://www.unistudium.unipg.it/unistudium/
Learning verification modality Written exam.
ERASMUS+ students can opt for an oral examination. Oral exam for regularly enrolled students only complements the written exam mark, by adding/subtracting 2 scores.
Extended program
Introduction: key concepts and basic microeconomics

Monopoly and regulation

Oligopoly competition

Collusion

Product differentiation
Market Structure
Innovation
These subjects refer to the chapters of:
Cabral L. (2017) Introduction to Industrial Organization, MIT Press