INDUSTRIAL ECONOMICS

Degree course: 
Corso di First cycle degree in ECONOMICS AND MANAGEMENT
Academyc year when starting the degree: 
2018/2019
Year: 
3
Academyc year when helding the course: 
2020/2021
Course type: 
Compulsory subjects, characteristic of the class
Language: 
Italian
Credits: 
6
Period: 
First Semester
Standard lectures hours: 
50
Detail of lecture’s hours: 
Lesson (40 hours), Exercise (10 hours)
Requirements: 

It is required to previously attend the Microeconomics course

Final Examination: 
Orale

Written examination. It is possible to take the exam in two intermediate tests, in the middle and at the end of the course (according to the schedule defined by the Department); both tests must have an evaluation of at least 18/30 and the final grade will be given by the arithmetic mean of the grades of the two written tests.
According to the indications that will be provided by the University, regarding the use of university spaces and the access of students to the facilities, the examination will be carried out at a distance or in the classroom, with different methods.
Distance examination. Written test (duration: 40 minutes), e-learning "Quiz-Moodle": 17 multiple choice questions, with 4 choices, with a value of 1.5 points each and 2 macro-questions with a value of 3 points each, divided into 2 or 3 sub-questions; the macro-questions will be more complex and contain numerical calculations (industrial concentration indices or other formulae included in the program). A system of automatic randomization of questions and answers will be applied.
In classroom examination. Written test (duration: 60 minutes), composed of two parts; in each part it is necessary to get at least 18/30 and the final mark will be given by the arithmetic mean of the two parts’ grades.
First part: 17 multiple choice questions, each with a value of 1.5 points, concerning the different issues Second part: an open question with a value of 6 points related to an economic model (that has to be described also by a graph) or to multi-point exercise.

Assessment: 
Voto Finale

The aim of the course is to give the fundamental instruments and concepts which are necessary to the analysis of industrial economics and organization. Special attention will be given to the determinants and the effects of the industrial structure and the firms’ strategies on the different markets.
At the end of the course, students will be able to understand the fundamental characteristics of different market structures and to make an economic analysis of the several industries which compose an economic system.

Introduction to industrial economics (3-4 h) (3 h)
Market structures: definition and classification
Entry deterrence (2-3 h)
Industrial and geographic concentration: indexes and determinants (3 h)
Models of not-cooperative & cooperative oligopoly (5-6 h)
Price strategies (3 h)
Product differentiation (3 h)
Innovation and R&D (4 h)
Firm strategies of growth: M&A, strategic alliances, integrations and vertical restrictions (5-6 h)
Antitrust policies and market regulation policies (3 h)

- Lipczynski J., Wilson J.O.S., Goddard J., Economia industriale. Concorrenza, strategie e politiche pubbliche, Pearson Italia, 2017, all the chapters with the exception of chapters 4 and 15.
- Slides and readings of the seminars will be available on the e-learning platform.
- Other materials (lectures’ slides, case studies and other documents) will be also available on the e-learning platform.

Convenzionale

40 hours of lectures and 10 hours of classroom exercises.
Lectures: slides and other material (e.g.: articles or research papers/projects) will be used and uploaded to E-learning website. Some practical examples and empirical data applied to specific industrial sectors will be presented, to help the student in the understanding of theoretical models.
With the same aim, on one or more issues addressed, seminars held by external teachers will be also organized; an in-class discussion with the students will follow at the end of the seminar.
Classroom exercises: they aim at supporting the student in the preparation of the exam and they include a review of the topics, focusing on the most complex economic models, some numerical exercises on, for example, the calculation of industrial concentration indices. Finally, examples of possible exam questions will be shown.

Academic Timetable
Once a week on appointment taken by email

Professors