Bachelor
2023/2024
Industrial Economics
Type:
Elective course (International Programme in Economics and Finance)
Area of studies:
Economics
Delivered by:
International College of Economics and Finance
When:
4 year, 1-4 module
Mode of studies:
offline
Open to:
students of one campus
Instructors:
Розанова Ольга Владимировна,
Попова Валерия Сергеевна,
Петросян Самвел Гарникович,
Vadim Artemov
Language:
English
ECTS credits:
10
Contact hours:
112
Course Syllabus
Abstract
Industrial Economics, or Industrial Organization (IO), is the area of economics that studies firms and their interaction. During the course we will study firms and markets as institutions, the state of competition, the strategic interaction among firms, the industrial policy and decisions companies make within the market environment. IO is a course in applied economic theory. Topics include imperfect competition, contracts, price discrimination and competition policy. Pre-requisites: The course requires knowledge of intermediate microeconomics theory, basic econometrics, and calculus. Third-year game theory is a plus in understanding the material.
Learning Objectives
- to expand the students’ knowledge in the field of microeconomic theory and develop skills for applying microeconomic concepts to different market structures
- to provide students with knowledge of how real businesses operate and interact
- to prepare students for graduate studies in economics and finance
Expected Learning Outcomes
- apply analytical models of firm behaviour and strategic interaction to evaluate various business practices, including tacit collusion, entry deterrence, product differentiation, price discrimination and vertical restraints
- describe and explain the determinants of the size and structure of firms and the implications of the separation of ownership and control
- describe and explain the pricing behaviour by firms with market power and its welfare implications
- recognise and explain the basic determinants of market structure
- recognise and explain the key issues in competition policy and regulation
Assessment Elements
- Midterm test
- Winter Exam
- Home assignments II
- Spring exam
- Home assignments I
- Quizzes I
- Quizzes II
Interim Assessment
- 2023/2024 2nd module0.15 * Home assignments I + 0.25 * Midterm test + 0.05 * Quizzes I + 0.55 * Winter Exam
- 2023/2024 4th module0.2 * Home assignments II + 0.1 * Quizzes II + 0.7 * Spring exam
Bibliography
Recommended Core Bibliography
- Industrial organization : a strategic approach, Church, J., 2000
- The theory of industrial organization, Tirole, J., 1988
Recommended Additional Bibliography
- Porter, R., & Armstrong, M. (2007). Handbook of Industrial Organization. Amsterdam: North Holland. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=207251