114-0504/01 – Industrial Organization (INDO)
Gurantor department | Department of Economics | Credits | 6 |
Subject guarantor | prof. Ing. Martin Macháček, Ph.D. et Ph.D. | Subject version guarantor | prof. Ing. Martin Macháček, Ph.D. et Ph.D. |
Study level | undergraduate or graduate | Requirement | Compulsory |
Year | 2 | Semester | summer |
| | Study language | English |
Year of introduction | 2009/2010 | Year of cancellation | |
Intended for the faculties | EKF | Intended for study types | Bachelor |
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:
Recommended literature:
Way of continuous check of knowledge in the course of semester
In case of ordered distance learning due to the adverse epidemic situation, all credit tests and exams will have to be attempted online via LMS Moodle and MS Teams, while other study requirements remain unchanged.
E-learning
Other requirements
This course exam is a written one
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
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
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