Bachelor
2021/2022
Industrial Economics
Type:
Elective course (HSE University and University of London Double Degree Programme in Economics)
Area of studies:
Economics
Delivered by:
International College of Economics and Finance
When:
4 year, 1-4 module
Mode of studies:
distance learning
Open to:
students of one campus
Instructors:
Цинман Даниил Павлович,
Попова Валерия Сергеевна,
Цинман Даниил Павлович,
Петросян Самвел Гарникович,
Vadim Artemov,
Steven Kivinen,
Peio Zuazo-Garin
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 environ-ment. IO is a course in applied economic theory. Topics include imperfect competition, contracts, price discrimination, and intellectual property rights. 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
- Home assignments
- Midterm test in the middle of Fall semester
- Test at the end of the Fall semesterA passing final grade can be assigned only provided that the student attempted the corresponding interim assessment, even when the final grade on the 100-point scale, before the interim assessment, is sufficient to obtain a passing grade on the 10-point scale. Online format.
- Midterm test in the middle of the Spring semester
- Final exam by the end of the Spring semesterA passing final grade can be assigned only provided that the student attempted the corresponding interim assessment, even when the final grade on the 100-point scale, before the interim assessment, is sufficient to obtain a passing grade on the 10-point scale.
Interim Assessment
- 2021/2022 4th module0.15 * Midterm test in the middle of the Spring semester + 0.4 * Final exam by the end of the Spring semester + 0.15 * Home assignments + 0.15 * Test at the end of the Fall semester + 0.15 * Midterm test in the middle of Fall semester
Bibliography
Recommended Core Bibliography
- Industrial organization : a strategic approach, Church, J., 2000
Recommended Additional Bibliography
- Tirole, J. (1988). The Theory of Industrial Organization. Cambridge, Mass: The MIT Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=11386