INTRODUCTION TO INDUSTRIAL ORGANIZATION
Faculty
Izabela JELOVAC
GATE LSE (CNRS and University of Lyon), France jelovac@gate.cnrs.fr
http://www.gate.cnrs.fr/spip.php?article21
Content
This course presents the bases of the study of markets. It departs from the basic competitive market model. Concretely, it analyzes why and how firms tend to avoid the competitive model. Different strategies to do so are presented and analyzed. Some very basic notions of Game Theory are provided in the Introduction. The technical level is kept low.
Program
PART 1. INTRODUCTION PART 2. OLIGOPOLY 1. Oligopoly Competition 2. Collusion
PART 3. PRICE AND NONPRICE STRATEGIES 1. Price Discrimination
2. Vertical Relations 3. Product Differentiation 4. Advertising
PART 4. MARKET STRUCTURE 1. Entry Deterrence
2. Mergers and Acquisitions
PART 5. RESEARCH AND DEVELOPMENT
Reference
Cabral, 2000. Introduction to Industrial Organization. The MIT Press.
Grading
Final examination with open questions and exercices.
Others
Class material is sent by email after each class. Students are given problem sets to train the concepts and ideas of the course. Office hours are set by appointment.