Study-unit INDUSTRIAL ECONOMICS
| Course name | Business administration |
|---|---|
| Study-unit Code | 20063606 |
| Location | PERUGIA |
| Curriculum | Economico e manageriale |
| Lecturer | Fabrizio Pompei |
| Lecturers |
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| Hours |
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| CFU | 6 |
| Course Regulation | Coorte 2023 |
| Supplied | 2024/25 |
| 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 | This course equips you with the necessary skills to analyze the behaviour and performance of firms within various industries. This module will cover some fundamental principles of microeconomics and subsequently delve into their application to study what happens in specific industries and markets. To clarify, the main topics that will be discussed in more detail are 1) Monopoly, antitrust and regulation of natural monopolies; 2) Oligopoly, Bertrand model and relaxation of its main hypotheses: a) capacity constraints; b) asymmetric costs; 3) Oligopoly, Cournot Model, Bertrand vs Cournot models: a discussion; 4) Collusion and Price Wars; 5) Market structure 6) Product Differentiation; 7) 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 (1 hour and half): 3 open questions requiring a brief discussion (one page long, maximum). 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 |
| Obiettivi Agenda 2030 per lo sviluppo sostenibile | During this class the following points of Agenda 2030 will be touched: 8. Decent work and economic growth 9. Industry, innovation and infrastructure 10. Reduced inequalities |