Teaching plan for the course unit

 

 

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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

 

 

Estimated learning time

Total number of hours 150

 

Face-to-face and/or online activities

60

 

-  Lecture with practical component

Face-to-face and online

 

45

 

-  Problem-solving class

Face-to-face and online

 

15

Supervised project

40

Independent learning

50

 

 

Recommendations

 

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.

 

 

Competences / Learning outcomes to be gained during study

 

   -

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).

   -

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.

   -

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.

Learning objectives

 

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.

Be able to interpret how markets function.

Be able to understand the causes and consequences of market intervention.

 

Referring to attitudes, values and norms

Participate in interactive discussion of aspects related to market function.

 

 

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

 

 

Teaching methods and general organization

 

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.

Face-to-face tutored and practical activities (practical cases, exercises, presentations, etc.) may be completed with the group split in two subgroups. The lecturer creates both subgroups. These sessions take place at the same hours as scheduled for the subject. Each subgroup may have classes each week (each group attends one hour of a 2-hour session) or every two weeks (attendance on alternate weeks).

 

 

Official assessment of learning outcomes

 

Continuous assessment

This is the recommended assessment procedure and takes into account:

1) Class attendance and participation in theory sessions.
  
2) Completion of exercises (problem-solving) and any other activities set during the course (text commentaries, case studies, assignments, presentations, etc.).
 
3) If the teaching staff deems it necessary, specific tests on the course content, which may be qualifying (i.e., a pass mark must be achieved in order to continue with the continuous assessment option). In this case, each lecturer must specify the characteristics of these tests at the beginning of the course.

4) A final examination.

At the beginning of the course, the teaching staff informs students of the weighting of activities 2 and 3 for the final grade. The groups involved in a teaching innovation project may include other activities different from the ones for the other groups and with a different weighting.

In accordance with UB policy, continuous assessment activities are worth a maximum of 50% of the final grade, and the final examination is worth a minimum of 50%.

The deadline for changing to single assessment is announced via the Virtual Campus platform at the beginning of the year. Students who do not complete the first continuous assessment assignment automatically waive their right to continuous assessment.

Once all of the assessed activities have been completed, a final grade is determined according to the weighting described above.

Repeat assessment is available subject to the criteria specified in the single assessment section, below.

 

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.

Repeat assessment consists of a single examination held on the official date set by the Academic Council.

 

 

Reading and study resources

Check availability in Cercabib

Book

BELLEFLAMME, Paul. Industrial organization : markets and strategies. Cambridge : Cambridge University Press, 2010

Catāleg UB  Enllaç

BUCKLEY, Peter J.; MICHIE, Jonathan (ed.) Firms, organizations and contracts : a reader in industrial organization. Oxford: Oxford University Press, 1996

Catāleg UB  Enllaç

CALLEJÓN FORNIELES, María (coord.) Economía industrial. Madrid : UOC, 2004

Disponible al CCUC/PUC  Enllaç

CABRAL, Luis. Economía industrial. Madrid: McGraw-Hill/Interamericana, 2010

Catāleg UB  Enllaç

FABIANI, Silvia. Pricing decisions in the euro area : how firms set prices and why. Oxford: Oxford University Press, 2007

Catāleg UB  Enllaç

FERNÁNDEZ DE CASTRO, Juan. Economía industrial : un enfoque estratégico. Madrid: McGraw Hill, 2003

Catāleg UB  Enllaç

FRANK, Robert H. Microeconomía y conducta. 5ª ed.  Madrid: McGraw-Hill, 2005

Catāleg UB  Enllaç

HELPMAN, Elhanan; MARÍN, Dalia; VERDIER, Thierry (ed.) Organization of firms in a global economy. Cambridge: Harvard University Press, 2008

Catāleg UB  Enllaç

HOVENKAMP, Herbert. The Antitrust enterprise : principle and execution. Cambridge: Harvard University Press, 2005

Catāleg UB  Enllaç

JENKINSON, Tim. (ed) Readings in microeconomics. 2ª Ed.  New York: Oxford University Press, 2006

Catāleg UB  Enllaç

MARTÍN, Stephen. Industrial organization in context. Oxford: Oxford University Press, 2010

Catāleg UB  Enllaç

MYERSON, Roger B. Game theory : analysis of conflict. Cambridge: Harvard University Press, 1997

Catāleg UB  Enllaç

PASHIGIAN, B.Peter. Teoría de los precios y aplicaciones. Madrid: McGraw Hill/Interamericana, 1996

Catāleg UB  Enllaç

PEPALL, Lynne. Contemporary industrial organization : a quantitative approach. Mason: Wiley, 2011

Catāleg UB  Enllaç

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