A. Knowledge and Understanding
Students should master the main models used IO from a game-theoretic viewpoint.
B. Subject-Specific Skills
Students should develop their understanding of how markets operate.
C. General Skills
Students should develop their analytical skills.
Weekly - Available soon
Total - Available soon
- 1100. Introduction to Microeconomics
- 1102. Microeconomics (recommended)
Cabral Luís, 1994, Economia Industrial, Lisbon: McGraw-Hill.
Cabral Luís, 2000, Introduction to Industrial Organization, Boston, MA: The MIT Press.
Ivaldi Marc, Bruno Jullien, Patrick Rey, Paul Seabright and Jean Tirole, 2003, “The Economics of Tacit Collusion”, Final report for DG Competition, European Commission.
Barros Pedro Pita, 1998, Exercícios de Economia Industrial, Lisbon: McGraw-Hill.
Carlton Dennis and Jeffrey Perloff, 2003, Modern Industrial Organization, 4th. edition, London: Addison-Wesley.
Belleflamme Paul and Martin Peitz, 2015, Industrial Organization: Markets and Strategies, 2nd edition, Cambridge, UK: Cambridge University.
Students are supplied with problem sets. Some of the exercises therein are solved in the practical sessions, the remainder are for students to solve on their own.
Formal lectures followed by practical classes. In addition, students are provided with plentiful material to practice.
Regular Exam Period
Continuous assessment elements (and their weights): Midterm (40%). Final exam (and their weighting): Final exam (60%).
Resit Exam Period
Continuous assessment (and their weights) if different than 100%: Midterm (0% or 40%). Final exam (and its weight): Final exam (60% or 100%).
Grade Improvement in Regular Period
Continuous assessment (and their weights) if different from 100%: Midterm (0% or 40%). Final exam (and its weight): Final exam (60% or 100%).
Grade Improvement in Resit Period
Continuous assessment (and their weights) if different than 100%: Midterm (0% or 40%). Final exam (and their weighting): Final exam (60% or 100%).
Market structure: extent of a market, concentration and volatility measures. Oligopoly models: dominant firm and monopolistic competition; Bertrand, Cournot and Stackelberg; dynamic models. Market power: collusion (static and dynamic analyses). Barriers to entry: scale economies, strategic behavior; entry and welfare. Mergers and acquisitions: horizontal mergers, vertical integration. Price discrimination: definitions and examples.
Programs where the course is taught: