ECON 414

Course Code & Number

ECON 414

Course Title

Industrial Economics

Level

BS

Credit Hours/ ECTS Credits

(3+0+0) 3 TEDU Credits, 6 ECTS Credits

Year of Study:

Senior

Semester:

Spring

Type of Course:

Elective

Mode of Delivery:

Face-to-face

Language of Instruction:

English

Pre-requisite / Co-requisite:

Catalog Description

Firms' behaviour in a market economy. Forms of state intervention in modern capitalist economics. The relationship between market structure, market behaviour and market performance.

Course Objectives

This course aims to introduce students to economic theories used in the analysis of industries; To evaluate these theories in view of empirical evidence; To describe policy implications of these theories and their empirical evaluation.

Course Learning Outcomes

Upon succesful completion of this course, a student will be able to
1. Explain basic models of the behavior of firms and industrial organization and how they can be applied to policy issues. 
2. Be able to manipulate these models and be able to solve analytically problems relating to industrial economics. 
3. Be familiar with the history of competition policy. 
4. Analyse and evaluate the main approaches to industrial organization. 
5. To explain how price and non-price competition among firms affect economic welfare. 
6. Communicate their knowledge and understanding to others verbally during class and in written assigned coursework. 

Recommended Reading

1. Cabral. L. M., Introduction to Industrial Organization. MIT Press, USA, 2000. 2. Carlton. D.W., J. M. Perloff and R. S. Porter, Modern Industrial Organization. 4th Edition, Addison Wesley Longman, Boston, 2004. 3. Waldman. E. D. and E. J. Jensen, Industrial Organization: Theory and Practice. 3rd Edition, Addison- Wesley, Boston, 2007. 4. Martin. S., Industrial Organization in Context. Oxford University Press, Oxford, 2010.