Industrial Organisation: Strategy and Competition in Business

2020/2021

Academic Year

ENG

Instruction in English

3

ECTS credits

Delivered at:

Department of Economic Theory and Econometrics (Faculty of Economics)

Course type:

Elective course

When:

4 year, 3 module

Course Syllabus

Abstract

Industrial Organization is the area of economics that studies the markets as institutions, the state of competition and strategic interaction among firms, the industrial policy and the business decisions firms make within the market framework. The course looks at the markets from three different perspectives: the economic theory, the applied business perspective and the institutional and legal perspective. The focus of the course is split equally between the economic theory and business perspective but there is a significant legal component incorporated in various topics. The course includes economic modeling, game theory, numerous real life examples and several case studies. We explore interesting topics of market organization such as negotiations, antitrust, networks, platforms, electronic markets, intellectual property, business strategies, predation, entry deterrence and many others. The basic objective of the course is to enable the student to understand the structure of markets and the nature of strategic competition. Knowledge in this course will be valuable for the students in acquiring managing and governance skills, enriching their understanding of the institutional framework of business, and improve their analytical ability in negotiations. Prerequisites: The course requires understanding of basic economic modeling, knowledge of intermediate microeconomics (especially production/cost theory), knowledge of basic concepts and methodologies of game theory, intermediate econometrics and basic calculus. The course is conducted as MOOC on the Coursera platform: https://www.coursera.org/learn/industrial-organization Course curators contacts: sokolovaa@hse.ru, ealunina@hse.ru. The course of HSE University. The course teacher: Kosmas Marinakis (Assistant Professor, ICEF and Faculty of Economics Sciences)

Learning Objectives

• Objective of the course - the development of knowledge in the field of industrial organization using basic of economic modeling

Expected Learning Outcomes

• Able to calculate economic indicators characterizing the activities of firms
• Selects the tools to handle the economic data in the field of industrial organization theory, interprets the results

Course Contents

• Industrial Organization: Strategy and Competition in Business
  The firm. Game theory foundations. Static competition. Dynamic competition. Deterrence and predation. Price discrimination. Product differentiation. Vertical relations. Networks and platforms. Intellectual property.

Assessment Elements

• Final test
• Average of all quizzes

Interim Assessment

• Interim assessment (3 module)
  The assessment is based on the certificate for the online course. Score (10-point scale) Criterion 10 95 - 100 % 9 85 - 94 % 8 75-84% 7 65-74% 6 55-64% 5 45-54% 4 35-44% 3 25-34% 2 15-24% 1 less than 15%

Bibliography

Recommended Core Bibliography

• Victor J. Tremblay, & Carol Horton Tremblay. (2012). New Perspectives on Industrial Organization. Springer. Retrieved from https://link.springer.com/book/10.1007/978-1-4614-3241-8

Recommended Additional Bibliography

• Spiegler, R. (2011). Bounded Rationality and Industrial Organization. Oxford University Press. Retrieved from https://www.oxfordscholarship.com/view/10.1093/acprof:oso/9780195398717.001.0001/acprof-9780195398717?rskey=5TevFd&result=1