| INDUSTRIAL ORGANIZATION
(obiettivi)
The course aims at illustrating how to use economic theory to study how how markets works, ad how managers, policy makers or individual workers or consumers should take market decisions. The course places great emphasis on theoretical ideas and tools derived from industrial organization, transaction cost theory, game theory, contract theory, and behavioral economics.
It makes an extensive use of real-world business examples to illustrate how to use economic theory in the analysis of markets and in business decision-making. To illustrate important economic concepts, we use graphs and calculations based on actual markets and real data. For instance, students learn the basic model of supply and demand using estimated supply and demand curves for real goods, and they practice estimating demand curves using real data; also, they derive cost curves from actual estimated production functions, and analyse oligopoly strategies using estimated demand curves and cost and profit data from the real-world rivalries
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