ID:
37187-ENG
Dettaglio:
SSD: Applied Economics
Duration: 48
CFU: 6
Located in:
DALMINE
Url:
MANAGEMENT ENGINEERING - 37-270-EN/COMUNE Year: 1
Year:
2025
The course contributes to the educational objectives of the program in the economic-management area, with specific reference to topics in industrial economics. It enhances students’ knowledge and understanding of business strategies in both service industries and regulated markets.
In terms of applied knowledge, the aim is to provide students with techniques for analyzing firms’ market behavior. New insights will be developed through models of business strategies across market sectors. The course examines the strategies that firms with market power can adopt to maximize returns on corporate investments. Topics include pricing strategies (price discrimination, bundling, joint selling), anti-competitive practices (collusion, entry deterrence, mergers and acquisitions), and vertical relationships.
The goal is to develop the skills necessary to analyze and interpret firms’ market strategies and their implications for collective welfare. By the end of the course, students will have acquired the fundamental knowledge needed to identify the reference economic models relating to the strategies of large corporations with market power, and to assess their consequences in terms of social welfare. In addition, students will gain introductory skills in specifying econometric models for evaluating firm performance.
Basic knowledge of Economics, Statistics, and Mathematics is required
The course is structured into lectures and tutorials. The lectures provide general knowledge and theoretical models to understand firms’ market strategies. The tutorials consist of numerical exercises designed to apply economic theory and to illustrate the implementation of the models.
Assessment is based on a written exam composed of two numerical exercises and one open-ended question. Each component is graded out of thirty, and the final grade of the written exam corresponds to the arithmetic mean of the three evaluations. At the student’s discretion, it is possible to request an additional oral examination.
The main contents are imperfect competition, market structure and market power, price discrimination, product variety, collusion, mergers, vertical relations.