[GVMPI111NK] Industrial organization
|Institute:||Vállalkozásmenedzsment Intézet (1084 Budapest, Tavaszmezõ u. 15-17.)||Credit:||2|
|Type of classes:||Nappali||Language:||angol||Semester:||2007/08/2|
|Level:||Műszaki menedzser BSc alapszak;|
|Responsible Teacher:||Dr. Kóczy Á. László||Teacher(s):||Dr. Kóczy Á. László;|
|Pre requirements:||GGTKG12GNB (recommended)|
|Consultations (total/week):||Heti||Lectures:||0||Practice lectures:||0||Labs:||0||Consultations:||0|
|Type of Exam:||vizsga|
|Aim of the subject:||The aim of this course is to learn to understand market competition, the development of markets and the decisions of the market players. We introduce and explain the elementary models of industrial organization, study the firms’ strategic interaction, such as price competition, product differentiation, price discrimination, advertising, research and development, market entry and exit.|
|Requirements during the semester
part and final
oral/written exam etc.):
|Resits: In line with faculty regulations, after due fees paid, resit at the time organised by the course coordinator. The form of the exam depends on the number of students taking it: normally oral, for a large number of students, possibly written.|
|Topics of lectures/practices|
|1.||Introduction: What is industrial organization? A recap of basic microeconomics.|
|2.||The firm. A brief introduction to games and stratiegies.|
|3.||Monopoly and regulation.|
|4.||Perfect (or almost perfect) competition.|
|7.||Market structure and market power|
|11.||Entry costs, market structure and welfare|
|12.||Strategic behaviour, entry and exit|
|13.||Research and development|
|14.||Networks and standards|
|Type of evaluation,
of grade, etc.
Open book, written exam.
The exam contains 3 exercises of equal weight where the student is expected to demonstrate the understanding of the concepts of the course as well as to apply this understanding to analytical problems similar to those in the textbook. The exam is in English, but the quality of English in the solutions has little influence on the grades.
Students have the possibility to replace one of their exam questions by an essay of no more than 8 pages on a pre-approved IO topic. The essay can be written by a group of (max 3) students who will receive the same grade for the essay. The essay must be handed in before 10 am on the last Friday of the teaching period both electronically and in print. The student then indicates in the exam which question is to be replaced.
The written exam is evaluated as follows:
0-54%: fail (1)
55%-64%: pass (2)
65%-74%: good (3)
75%-84%: very good (4)
85%-100%: excellent (5)
Once the grades are available an inspection hour will be organised.
|Compulsory literature:||Luís M. Cabral: Introduction to Industrial Organization, The MIT Press, Cambridge Massachusetts, 2000.|
|Suggested literature:||Stephen Martin: Industrial Organization: A European perspective, Oxford University Press, Oxford, 2001.|