COURSE TITLE :
Industrial
Economics and EU Industrial Policy
LECTURER :
Ass. Prof. Murat
ÇOKGEZEN
OBJECTIVE:
Aim of this course is to introduce students to the theoretical and
policy issues arising from the attempt to operate competitive, industrial and
technology policies within the EU.
At the end of this course students should be able to : (i) demonstrate
an understanding of the main theoretical issues concerning competitive,
industrial and technology polices, (ii) apply these principles to an analysis
of competitive, industrial and technology policies within EU; (iii) critically
evaluate the policies which have evolved within the EU
MAIN TEXTBOOK:
Luis Cabral, Introduction to Industrial Organization, Cambridge, Mass.: MIT Press, 2000.
Students will be evaluated on the basis of two exams. Weights for the
purposes of grading are 40% for the midterm exam and 60% for the final. The
students are expected to prepare an essay as a part of the final exam (20 points).
A SHORT DESCRITION AND PROBABLE WEEKLY SCHEDULE OF THE TOPICS TO BE
COVERED DURING THE LECTURES
|
week |
topic |
description |
|
|
1 |
Introduction |
What is IO about? |
|
|
2 |
The Firm | do firms maximize profit, problems of seperation of ownership and control end the ways of coping with it. | ders notlarý |
|
3 |
Monopoly and Regulation |
•Monopoly,
•Monopoly
= monopoly power?,
•Microsoft
vs. the Court,
•Regulations (MC, AC, PC, ECPR),
•A tale of 2 market
deregulation
|
|
|
4 |
Price Discrimination |
Price discrimination: good or bad? |
|
|
5 |
Collusion |
•Forms
of collusion (Cartel, Secret agreement, Tacit
collusion),
•Why don’t firms collude more
often?,
•Market structure and
collusion.
•Multiple market contact
|
|
|
6 |
Networks and Standards Midterm exam (one hour) |
Network externality, excess inertia excess momentum, compatibility |
|
|
7 |
Vertical Integration |
Ways of vertical integration, should VI be legal? |
|
|
8 |
Product differantiation |
Horizantal and vertical differantiation, PD and market power |
|
|
9 |
Advertising |
Information, persuation, advertising intensity, price competition and advertising |
|
|
10 |
Entry and Exit
|
Entry cost social welfare, entry deterrence, predation, mergers and
acquisitions |
|
| 11-12 | Seminar | ||
|
|
|
|