Industrial Economics

Course Description

This course introduces the students to industrial organization theory, traditional and modern. The issues of structure and strategy in the modern business enterprise, and the economic implications thereof.

Learning Outcomes

 At the end of the course students should be equipped with

•  The necessary theoretical sophistication to enable them to gain a great deal of insight into firm.
  
• Understand public policy issues such as antitrust, regulation and deregulation. 
  
• Students should have an appreciation of the importance of case in empirical work and studies in expanding their knowledge of the field.

Course Content

• The Modern Corporation – Organization and Governance
  
• Industrial Organization – Key Issues & The Traditional Theory
  
• Industrial Organization –  Firm Conduct and The Interaction Of Firm
  
• Business Strategy and The Dynamics of Industrial Organization
  
• The Economics of Organization
  
• Mergers, Acquisitions and Interoperate Linkages
  
• Public Policy and Regulatory Issues – An Introduction
  

 Compulsory Reading Materials

• Don Waldman and Elizabeth Jensen, Industrial Organization 3rd ed., Chapters 4­5;  pp.379­384; Chapters: 15­17;
  
• Orit Gadiesh & James Gilbert, “Profit Pools:  A Fresh Look at  Strategy” Harvard  Business Review. May­June 1998
  
• Trevor Farrell “How Market Leaders lose their positions – Seven Lessons of Experience” mimeo, 2002

Optional Reading Materials

• Glenn Ellison and Sara Fisher Ellison, “Lessons about markets from the Internet” The Journal of Economic Perspectives, Spring 2005