114-0504/01 – Industrial Organization (INDO)

Gurantor departmentDepartment of EconomicsCredits6
Subject guarantorprof. Ing. Martin Macháček, Ph.D. et Ph.D.Subject version guarantorprof. Ing. Martin Macháček, Ph.D. et Ph.D.
Study levelundergraduate or graduateRequirementCompulsory
Year2Semestersummer
Study languageEnglish
Year of introduction2009/2010Year of cancellation
Intended for the facultiesEKFIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
HON05 Ing. Martin Hon, Ph.D.
JAN27 Ing. Hana Janáčková, Ph.D.
MAH11 prof. Ing. Martin Macháček, Ph.D. et Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Examination 2+2

Subject aims expressed by acquired skills and competences

- recognize various ways in which the firms and the markets are organized - describe the principles of imperfect competition - explain the role of incomplete and asymmetric information in a market economy - discover the importance of market regulation and industrial policy - analyze different effects of industrial policy measures

Teaching methods

Lectures
Seminars

Summary

The course covers all the main fields of industrial organization theory: the theory of a firm, the theory of imperfect competition, and the theory of economic regulation. The goal of the course is to get students acquainted with how firms are organized and how they compete under different market structures and constraints, including government regulation. Lectures and tutorials combine undergraduate microeconomic theory with empirical investigations of individual industries.

Compulsory literature:

1. Cabral, L. M. B.: Introduction to Industrial Organization. Cambridge, MA, MIT Press 2000. 2. Carlton, D. W. - Perloff, J. M.: Modern Industrial Organization. 4th ed. New York, Pearson Addison Wesley 2005.

Recommended literature:

1. Waldman, D. E. - Jensen, E. J.: Industrial Organization: Theory and Practice. 3rd edition. New York, Pearson Addison Wesley 2006. 2. Shepherd, W. G. - Shepherd, J. M.: The Economics of Industrial Organization. 5th edition. Waveland Press 2003.

Way of continuous check of knowledge in the course of semester

E-learning

Další požadavky na studenta

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Introduction to industrial organization. Basic concepts: markets, competition, market power, contracts, transaction costs, oportunity costs, sunk costs. Brief history of industrial organization theory and antitrust regulation. 2. Theory of a firm. 3. Product differentation, market power and imperfect competition. 4. Monopoly, pricing, price discrimination. 5. Collusive oligopoly and the formation of cartels. 6. Non-collusive oligopoly and strategic behaviour. 7. Horizontal mergers and acquisitions. Vertical mergers. 8. Information, signalling, advertising. 9. Innovation, patents, research and development. 10. Antitrust legislation and policy. 11. Theory and practice of regulation and deregulation. 12. Macroeconomics of imperfect competition.

Conditions for subject completion

Full-time form (validity from: 2009/2010 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination 100  51
Mandatory attendence parzicipation: not specified

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2019/2020 (B6208) Economics and Management (6208R174) European Business Studies P English Ostrava 2 Compulsory study plan
2017/2018 (B6208) Economics and Management (6208R174) European Business Studies P English Ostrava 2 Compulsory study plan
2016/2017 (B6208) Economics and Management (6208R174) European Business Studies P English Ostrava 2 Compulsory study plan
2014/2015 (B6208) Economics and Management (6208R174) European Business Studies P Czech Ostrava 2 Compulsory study plan
2012/2013 (B6208) Economics and Management (6208R174) European Business Studies P Czech Ostrava 2 Compulsory study plan
2010/2011 (B6208) Economics and Management (6208R174) European Business Studies P Czech Ostrava 2 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner