INDUSTRIAL ECONOMICS II
Learning outcomes of the course unit
The goal of the Course is to supply the Students with enough tools to analyze Strategic Problems of the Firm, in its relationship with Oligopolistic Markets, where It operates.
There is non prerequisite; but a good brush-up in Microeconomics and Calculus is recommended.
Course contents summary
The programme of the Course is basically Game Theory APPLIED to Industrial Economics. We start from the basics: extensive and normal forms; beliefs, mixed stategies, expected payoffs; rationality, dominance and best response; Nash equilibrium, minimax/maximin thereom; behaviour in dynamic settings, Bayesian games. Applications: bargaining; repeated games,reputation; information, risk, principal/agent, lemons, signalling.
The Course is developped through a long list of slides, available in the Site of the Course, based on the textbook:
Joel Watson: Strategy (2nd dition), 2008, Norton & Co.
The exam is written, and the issues are solving exercises of concrete applications of the Theory just learned