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Regular version of the site
Bachelor 2018/2019

Industrial Organization Theory

When: 3 year, 1, 2 module
Instructors: Ekaterina Kazakova
Language: English
ECTS credits: 5
Contact hours: 64
The course introduces the theory of industrial organization and focuses on the
behavior of firms, its implications for market structures, and policies of
market regulation. After a short overview of perfectly competitive markets and
game theoretical concepts, we will move to the imperfect competition and
discuss the sources of firm’s market power. Among those, we will focus on the
strategies of incumbent firms to deter entry and influence the post-entry
policies of new entrants. You will become familiar with the principal (static
and dynamic) models of monopoly and oligopoly, horizontal and vertical product
differentiation, models of asymmetric information, informative and persuasive
advertising, and innovation. We will partly cover the topics of firm
organization, vertical relations, delegation and integration.
In the second part of the course, we will analyze the industry structure and
performance. You will study how to measure the market concentration and relate
it to the level of competition. Particular emphasis will be given on the
determinants and consequences of vertical and horizontal mergers, and related
antitrust policies.
Expected competences acquired after completion of the course:
You are expected to acquire a broad knowledge on the key topics and core models
in theoretical industrial organization.
Grading and workload:
The final grade will be based on assignments, a term project and a final (and maybe midterm) exam.