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General information |
Course unit name: Industrial Organization
Course unit code: 363669
Academic year: 2025-2026
Coordinator: Jordi Josep Teixido Figueras
Department: Department of Econometrics, Statistics and Applied Economics
Credits: 6
Single program: N
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Estimated learning time |
Total number of hours 150 |
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Face-to-face and/or online activities |
60 |
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- Lecture with practical component |
Face-to-face and online |
45 |
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- Problem-solving class |
Face-to-face and online |
15 |
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Supervised project |
40 |
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Independent learning |
50 |
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Recommendations |
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Students should have passed and, more importantly, have a solid understanding of the material covered in Mathematics I and II, Introduction to Economics and Microeconomics. |
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Competences / Learning outcomes to be gained during study |
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Capacity for learning and responsibility (capacity for analysis and synthesis, to adopt global perspectives and to apply the knowledge acquired/capacity to take decisions and adapt to new situations). |
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To be able to interpret the development and changes in an environment. |
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To be able to make financial and business decisions, taking into account the current economic situation. |
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To analyse business organizations and their environment to identify key aspects. |
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To relate a market, company or institution to its social, legal or historical context. |
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To identify the economic agents that make up an economy and to understand how they interrelate so as to take economic decisions with full awareness of their effects. |
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Learning objectives |
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Referring to knowledge Understand basic models of company behaviour and how markets function.
Referring to abilities, skills Be able to analyse company behaviour in the real world.
Referring to attitudes, values and norms Participate in interactive discussion of aspects related to market function. |
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Teaching blocks |
General aspects
1. Introduction to industrial organisation
1.1. Enterprise and market
1.2. Market costs and structure
2. Analysis of perfect competition
2.1. Business and industry
2.2. Short and long term
Monopoly and market power
3. Monopoly analysis
3.1. Monopoly equilibrium
3.2. Monopoly versus competition: productive and assignative efficiency
3.3. Market power: causes and measurements
3.4. Natural monopoly
3.5. Durable goods monopoly
3.6. Successive monopolies
3.7. Borderline monopolies
3.8. Multi plant monopoly
3.9. Extensions of analysis
4. Market power and price discrimination
4.1. The logic of price discrimination
4.2. Types of price discrimination
4.3. Supplier–distributor relationship and exclusive sales
Other market configurations
5. Homogeneous oligopoly, dominant companies and cartels
5.1. Oligopoly: cooperation versus competition
5.2. Dominant strategies and the Nash equilibrium
5.3. Non-cooperative solutions: Cournot, Bertrand and Stackelberg
5.4. Cooperative solutions: collusion
5.5. Dominant enterprises
5.6. Cartelisation
6. Product differentiation
6.1. Differentiated oligopoly: Cournot and Bertrand
6.2. Hotelling’s model
6.3. Monopolistic competition
Extensions of analysis (the teaching staff will choose some of the following topics)
7. Horizontal and vertical integration: mergers and acquisitions
7.1. Horizontal mergers
7.2. Vertical mergers
8. Innovation and development
8.1. The process of technological change
8.2. Economic aspects of innovation
8.3. Innovation and market structure
9. Competition regulation and policy
9.1. Forms of regulation
9.2. Regulation in practice
9.3. Competition defence policy
10. The public business sector and privatisations
10.1. Public and private companies
10.2. Causes and objectives of privatisation
10.3. The privatisation process in Spain and the European Union
11. The network and information economy
11.1. Networks, competition and complementary services
11.2. Monopoly, critical mass and network services
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Teaching methods and general organization |
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The course consists of classroom explanations, exercises, reading specific texts (articles, book chapters) and occasional use of audiovisual materials as a springboard for classroom discussion. |
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Official assessment of learning outcomes |
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Continuous assessment
Examination-based assessment In this case the final grade is the mark obtained for the final examination. Lecturers may also decide to take into account the marks for other activities, such as a practical activity, which must be submitted by the examination date. Students who do not submit any additional activities are graded for the examination only. |
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Reading and study resources |
Check availability in Cercabib
Book
BELLEFLAMME, Paul. Industrial organization : markets and strategies. Cambridge : Cambridge University Press, 2010
BUCKLEY, Peter J.; MICHIE, Jonathan (ed.) Firms, organizations and contracts : a reader in industrial organization. Oxford: Oxford University Press, 1996
CALLEJÓN FORNIELES, María (coord.) Economía industrial. Madrid : UOC, 2004
CABRAL, Luis. Economía industrial. Madrid: McGraw-Hill/Interamericana, 2010
FABIANI, Silvia. Pricing decisions in the euro area : how firms set prices and why. Oxford: Oxford University Press, 2007
FERNÁNDEZ DE CASTRO, Juan. Economía industrial : un enfoque estratégico. Madrid: McGraw Hill, 2003
FRANK, Robert H. Microeconomía y conducta. 5ª ed. Madrid: McGraw-Hill, 2005
HELPMAN, Elhanan; MARÍN, Dalia; VERDIER, Thierry (ed.) Organization of firms in a global economy. Cambridge: Harvard University Press, 2008
HOVENKAMP, Herbert. The Antitrust enterprise : principle and execution. Cambridge: Harvard University Press, 2005
JENKINSON, Tim. (ed) Readings in microeconomics. 2ª Ed. New York: Oxford University Press, 2006
MARTÍN, Stephen. Industrial organization in context. Oxford: Oxford University Press, 2010
MYERSON, Roger B. Game theory : analysis of conflict. Cambridge: Harvard University Press, 1997
PASHIGIAN, B.Peter. Teoría de los precios y aplicaciones. Madrid: McGraw Hill/Interamericana, 1996
PEPALL, Lynne. Contemporary industrial organization : a quantitative approach. Mason: Wiley, 2011
PINDYCK, Robert S. Microeconomía : 8ª ed.. Madrid : Pearson, 2013
VARIAN, Hal R.; FARRELL, Joseph; SHAPIRO, Carl.The economics of information technology : an introduction. Cambridge : Cambridge University Press, 2004
VISCUSI, W. Kip; HARRINGTON, Joseph E.; VERNON, John M. Economics of regulation and antistrust. Cambridge : MIT Press, 2005
WEBSTER, Thomas J. Introduction to game theory in business and economics. Armonk, NY : ME Sharpe, 2009
Video, DVD and film
LYS, Thomas Z. Mergers and acquisitions [Recurs electrònic] : determining winners and losers. Standford : Stanford Video., 1999