Industrial Organisation

Pawel Dziewulski

The course will cover the following topics:

  • How firms make decisions regarding pricing, product design, advertising
  • How firms make decisions regarding entry, mergers and takeovers, innovation,       vertical relation
  • The welfare effects of firm decisions and market power
  • Interactions between strategic firms and competition
  • Abuse of dominance and other socially suboptimal behavior by firms, and how to regulate it
  • Basic methods for using data to analyze firm behavior

 

Course Aimed At: Those with some knowledge of basic microeconomics, including consumer and producer theory, basic calculus and optimization.

Pre-Requisite Knowledge Required: Participants should have had a basic first year class in micro-economics. They should be familiar with very basic calculus, like how to maximize a simple one-variable function (necessary and sufficient conditions).

Transferable Knowledge and Skills: Analysis of industries and regulation

Assessment

1 Final Essay: 50%

1 Final Exam: 50%

Lecture Hours: 12 x 1 hour 15 minutes (total 15 hours)

Seminar Hours: 8 x 1 hour 15 minutes (total 10 hours)