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Industrial Economics and Regulation 2017/2018

  • 5 ECTS
  • Taught in Portuguese
  • Continuous Assessment

Objectives

Students should be able to describe and explain the determinants of market economic structures including oligopolistic structures, concentration strategies, and other strategic behavior of firms, which seek to influence the market structure in which they operate. Should still be able to present and explain the instruments of government intervention in terms of industrial policy and competition.

Recommended Prerequisites

N.A.

Teaching Metodology

Expositive/Active Method; Interrogative method; Analysis of practical cases related with the course program.

Body of Work

1. introduction
1.1. Definition of Industrial Economics
1.2. Examples
1.3. Key issues of Industrial Economics
1.4. The Role of Government Policies
1.5. Paradigm of Industrial Economics
2. Market Structures
2.1. Horizontal Merger
2.2. determinants
2.3. The Role of the Legal Regime Competition and the Competition Authority
2.4. concentration Vertical
2.5. determinants
2.6. Concentration globally
2.7. Measures of Concentration
3. Models of Oligopoly
3.1. Game Theory
3.2. Cournot model
3.3. Bertrand model
3.4. Stackelberg Model
4. Market Structures and Business Behavior
4.1. Strategic Behavior
4.1.1. Limit Price
4.1.2. Entry into Small Scale
4.1.3. Proliferation of Products

Recommended Bibliography

- "Industrial Organization: Contemporary Theory and Empirical Applications", 4th Edition. Lynne Pepall, Dan Richards, George Norman, 2008, Wiley-Blackwell
- “ Economia Industrial”, Luís Cabral; edição/reimpressão 2004. McGraw-Hill
- “ Modern Industrial Organization”, Dennis W. Carlton, Jeffrey M. Perloff,2005. Prentice-Hall
- Legislação sobre : “Regime Jurídico da Concorrência” , Decreto48/IX:
http://www.concorrencia.pt/vPT/A_AdC/legislacao/Documents/Nacional/Lei_19_2012-Lei_da_Concorrencia.pdf

Complementary Bibliography

- “Estratégias e Estruturas Industriais em Economias Abertas”, António Brandão. Coleções do IESF (1994)

Weekly Planning

1- Presentation of Course
- Definition of Industrial Economics
2
- Core issues of Industrial Economics
3
- Industrial Policy and Competition Policy

4
- Paradigm of Industrial Economics
5
- Horizontal Concentration and its Determinants
6
- Vertical Concentration and its Determinants
7
- Concentration at Global level and its Determinants
8
- Methods of Concentration
- Realization of the 1st Mini-Test
9
Models of Oligopoly:
-Game Theory; Cournot Model
10
- Bertrand Model
11
- Stackelberg Model
12
Market Structures and Corporate Behavior:
- Blocking of Entry and Price Limit
13
- Entry into Small Scale;
14

- Proliferation Product Model (Hotelling)
15
- Reviews

Demonstration of the syllabus coherence with the curricular unit's objectives

The sequence of the syllabus of the course is suited to the objectives initially making a presentation of Introductory Concepts in sections 1.1, 1.2 and 1.4; explains the instruments of government intervention in terms of Industrial Policy and Competition in section 1.3, followed by the approach to issues related to market structures (determinants of economic markets structures including concentration strategies ) in section 2, follows the oligopolistic structures in section 3, and in section 4 is addressed the of strategic behavior of firms.

Demonstration of the teaching methodologies coherence with the curricular unit's objectives

To the extent that these objectives focus on describing and explaining the determinants of economic market structures, the methodology meets those objectives, starting with theoretical explanations followed by application to real cases, namely news on the topics taught in order to demonstrate their importance and applicability.

relevant generic skillimproved?assessed?
Achieving practical application of theoretical knowledgeYesYes
Analytical and synthetic skillsYesYes
Written and verbal communications skillsYesYes
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