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Industrial Economics

Industrial Economics

Code	16503
Year	3
Semester	S2
ECTS Credits	6
Workload	TP(60H)
Scientific area	Economics
Entry requirements	The course is based on microeconomic theory. It is recommended for solid knowledge in this area.
Learning outcomes	This curricular unit (CU) covers the main issues and themes of industrial economics. Its objectives are: i) Provide analytical skills required to understand the real issues in Industrial Economics; ii) Understand the forms of strategic interaction between the firms, in the design of the industrial structure; iii) Understand the functioning of markets with imperfect competition structures, particularly oligopolistic markets; and iv) Identify strategic behavior models that allow to analyze issues of competition policy and regulation. The student acquires both skills and tools to appraise the degree of competition in the markets. At the end of the CU, the student should be able to explain the different forms of strategic behaviour as well as identify the objectives and procedures associated with each one. The student should be able to distinguish concentration enabling synergies from those who seek mainly to increase market power.
Syllabus	1. Market structure and concentration 2. Imperfect competition, static and dynamic games 3. Barriers to competition 4. Oligopoly and strategic interaction 5. Mergers & Acquisitions 6. Competition and regulation policies
Main Bibliography	- Marques, A. C., Macedo, D., Pereira, D., Leal, P., Neves, S. (2018). ECONOMIA INDUSTRIAL - Teoria e Prática: Abordagem estratégica com teoria de jogos. EDIÇÕES ALMEDINA, S.A., (386 pp) Coimbra. ISBN: 978-972-40-7483-2. - Tirole, J. 1988. The Theory of Industrial Organization, Cambridge, Mass.: MIT Press. - Church, J. and Ware, R., 2000. Industrial Organization: A Strategic Approach, McGraw Hill. - Baumol, W., Panzar, J. and Willig, R., 1982. Contestable markets and the theory of industry structure, San Diego: Harcourt Brace Jovanovich. - Bhattacharyya, S.C., 2011. Energy Economics, Concepts, Issues, Markets and Governance. Springer. - Carlton, D. W., Perloff, J. M. 2000. Modern Industrial Organization. 3rd edition. Addison-Wesley. - Cabral, L., 2000. Introduction to industrial organization, Cambridge, Mass.: MIT Press MIT Press. - Martin, S., 2002. Advanced Industrial Economics, 2nd Edition, Oxford: Blackwell.
Teaching Methodologies and Assessment Criteria	Teaching is in person, with theoretical-practical classes. Classes seek to organize the learning process through the introduction and development of the theoretical body supported by empirical illustration. The teacher provides the framework for the content to be covered through the structured transmission of concepts and knowledge and evidence based on the illustration of case studies. Students are invited to interact with the teacher and colleagues, in supervised work in class, solving application exercises, with calculations, which are previously proposed. Commitment to these exercises will be taken into account in one of the assessment components.
Language	Portuguese. Tutorial support is available in English.