INDUSTRIAL ECONOMICS AND POLICY (Cognomi L-Z)
Academic year and teacher
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- Versione italiana
- Academic year
- 2019/2020
- Teacher
- MARCO RODOLFO DI TOMMASO
- Credits
- 8
- Didactic period
- Secondo Semestre
- SSD
- SECS-P/06
Training objectives
- The course focuses on providing students an ample view on interpretative models and problems of industrial economics, as well as the instruments of industrial policy. The role of institutions especially in research and innovation material will be detected as well.
At the end of the course, student should gain knowledge in:
-basic concept of structure-conduct-result model and neoclassical theory.
-market structures, starting from the neoclassical theory, its profound analysis to collusive and non-collusive oligopoly models
- the differences of products and different price strategy, as well as to take a close look at the role of advertisement in competitive mechanism
- R&D Mechanism, phrases of innovation, procedure, and instruments for the safeguarding of the intellectual property rights (patents, brands and copyrights)
- definition of industrial policy, market failure and government’s failure
- merges and acquisitions, procedure of vertical restraint and antitrust policy
During the course, students will have the opportunity to gain the ability of applying learnt lessons into:
- analyze the dynamics of industrial development in term of power politics
- critically analyze the strategies of companies and their impacts on sector competitive dynamics
- Identify the patenting opportunities and innovation protection
- evaluate government’s intervention choices in term of market failure and government failure Prerequisites
- None
Students are kindly suggested to have knowledge connected to the following exams: Basic Economics (macro & Micro), Basic Public Economics, Management & Business Organization. Course programme
- Section 1: Industrial Economics
- Introduction to Industral Economics and Industrial Policy. Main concepts. The Evolution of the Discipline. Theoretical Foundations. The international Debate. The Italian Case. (20 hours)
- Firm, Industriy and Market. Theories of the Firm. Market structures (Perfect Competition. Monopoly. Oligopoly.Monopolisti Competition), market concentration, barriers to entry, price strategies, product differentiation, R&D, M&A, vertical integration. (18 hours)
Section 2: Industrial policy
- Industrial Policy. Definitions and main concepts. Theoretical Foundations and the evolution of the international debate. Policies practices. Industrial policy from the historical perspective. Industrial Policy Taxonomy. Tools, objectives and evaluation. The current debate.(18 hours) Didactic methods
- The course includes lectures illustrating the main theoretical concepts, but also frequent use of examples related to industrial economics and policy. Interaction with students is strongly promoted during the lesson.
Learning assessment procedures
- Students' preparation will be verified by means of a final written exam with multiple choice questions.
Exam dates are available at this address https://studiare.unife.it
The exam enrollment has to be done before the exam date by visiting the website https:// studiare.unife.it. It will not be possible to enrol after the closure of the online lists.
WARNING: personal credentials released by the university (username and password) are required to access folders and download didactic materials, access is possible using the proper link at the home page upside right. Reference texts
- During the course detailed material to be studied will be specified and upoloaded on the course website.
