MPE_AINE Industrial Economics

Faculty of Economics and Administration
Autumn 2013
Extent and Intensity
2/2. 8 credit(s). Type of Completion: zk (examination).
Teacher(s)
Mgr. Sherzod Tashpulatov, M.A., Ph.D. (lecturer)
Guaranteed by
prof. Ing. Antonín Slaný, CSc.
Department of Economics – Faculty of Economics and Administration
Contact Person: Mgr. Jana Nesvadbová
Supplier department: Department of Economics – Faculty of Economics and Administration
Timetable
Mon 7:40–9:15 S309
  • Timetable of Seminar Groups:
MPE_AINE/01: Mon 11:05–12:45 S308, S. Tashpulatov
Prerequisites
Calculus, Microeconomics I
Course Enrolment Limitations
The course is offered to students of any study field.
The capacity limit for the course is 24 student(s).
Current registration and enrolment status: enrolled: 0/24, only registered: 0/24, only registered with preference (fields directly associated with the programme): 0/24
Course objectives
During the lectures students become aguainted with unified methodology for rigorous analysis of market structures, strategic conflict and industrial development. The course aims to help studets to describe, interpret and predict the competitive behavior of a firm and its business outcomes. In addition, the course also considers tools for normative analysis of the markets’ social efficiency. Respectively, some of the topics include possible competition policy implications relating to promotion of competition through market regulation and anti-trust actions. In order to pass the course successfully, students should develop ability to identify the key characteristics of a particular market situation, to relate these to one of the main standard models studied in class and to apply that model in finding the correct market equilibrium solution according to the theory.
Syllabus
  • The course presents key topics and applications of the Industrial Organization as a major field of the modern Microeconomics.
  • Course outline:
  • Lecture 1: 1.1. The Firm and Costs (Carlton&Perloff, Ch. 2)
  • Tutorial Session 1: 1.2. Cost Concepts for Mutiproduct Firm
  • Lecture 2: 2.1. Competition (Carlton&Perloff, Ch. 3)
  • Tutorial Session 2: 2.2. Lung-run Equilibrium in a Competitive Market with High- and Low-cost Firms
  • Lecture 3: 3.1 Monopoly (Carlton&Perloff, Ch. 4)
  • Tutorial Session 3: 3.2. Monopsony, Comparison between Perfect Competition and Monopoly Equilibria
  • Lecture 4: 4.1. Dominant Firm with a Competitive Fringe (Carlton&Perloff, Ch. 4)
  • Tutorial Session 4: 4.2. Price Rigidity with Dominant Firms
  • Lecture 5: 5.1. Cartels (Carlton&Perloff, Ch. 5)
  • Tutorial Session 5: 5.2. Equilibrium outcome with non-cartel firms
  • Lecture 6: 6.1. Non-cooperative Markets (Carlton&Perloff, Ch. 6)
  • Tutorial Session 6: 6.2. Cournot and Stackelberg equilibria
  • Lecture 7: 7.1. Monopolistic Competition: Product Differentiation (Carlton&Perloff, Ch. 7)
  • Tutorial Session 7: 7.2. Midterm Exam
  • Lecture 8: 8.1. Information, Advertising and Disclosure (Carlton&Perloff, Ch. 13,14)
  • Tutorial Session 8: 8.2. Salop Circular Location Model
  • Lecture 9: 9.1. Strategic Behavior (Carlton&Perloff, Ch. 11)
  • Tutorial Session 9: 9.2. Information Asymmetry: Tourists & Natives Model
  • Lecture 10: 10.1. Research and Development (Carlton&Perloff, Ch. 16)
  • Tutorial Session 10: 10.2. Price Discrimination
  • Lecture 11: 11.1. Pricing Tactics (Carlton&Perloff, Ch. 9,10)
  • Tutorial Session 11: 11.2. Predatory Pricing
  • Lecture 12: 12.1. Vertical Integration and Restrictions (Carlton&Perloff, Ch. 12)
  • Tutorial session 12: 12.2. Antitrust Laws: Mergers and Entry Barriers (Carlton&Perloff, Ch. 19)
  • Lecture 13: 13.1. Regulation and Deregulation
  • Tutorial session 13: 13.2. (Preliminary) Final Exam
Literature
  • Carlton, D.W. and J.M. Perloff, Modern Industrial Organization, Addison Wesley Longman, 2000.
Teaching methods
The course is taught in English and is based on specialized foreign literature sources which might not be generally available in the university bookstore or library. However, students are not required to use the original textbooks to prepare for the course. Instead, before each lecture students will recieve printed out presentations slides on which they can write further additional notes. In order to understand and master the course, it is necessary to actively attend lectures, tutorial sessions, and solve homework assignments.
Assessment methods
Grading: The overall course grade is based on two quizzes (5% for each quizz), class participation (10%), four homework assignments (5% for each homework assignment), midterm exam (20%) and final exam (40%).
Language of instruction
English
Further comments (probably available only in Czech)
Study Materials
The course is taught only once.
Information about innovation of course.
This course has been innovated under the project "Inovace studia ekonomických disciplín v souladu s požadavky znalostní ekonomiky (CZ.1.07/2.2.00/28.0227)" which is cofinanced by the European Social Fond and the national budget of the Czech Republic.

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Teacher's information
http://home.cerge-ei.cz/tashpulatov/Teaching.html
The course is also listed under the following terms Autumn 2011, Autumn 2012.
  • Enrolment Statistics (recent)
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