Course Description
TYPE: MODULE COURSE
TITLE: INDUSTRIAL ECONOMICS ΙΙ
CODE: ECO451
SEMESTER: Β (4th year)
INSTRUCTOR: F. KOURANDI
Course link: https://eclass.uoa.gr/courses/ECON403/
Course description
The course focuses on competition policy and regulation. It deals with the economic analysis and treatment of firms’ practices when firms have (significant) monopoly power in the market. These practices can take the following forms: abuse of a dominant position, collusion & concerted practices, mergers & acquisitions. In addition, the course addresses issues related to the theory and practice of market regulation such as natural monopolies, monopoly pricing regulation, multi-product business regulation, and market liberalization.
Lectures cover:
- Introduction
- Competition policy and methodology
- Relevant market
- Estimation of monopoly power
- Abuse of a dominant position
- Collusion
- Mergers & acquisitions
- Introduction to regulatory policy
- Monopoly regulation
Knowledge of Microeconomic Theory I, Microeconomic Theory II and mathematical calculus is taken for granted.
Books
Basicbook: Ν. Βέττας, Ι. Κατσουλάκος (2004) Πολιτική Ανταγωνισμού & Ρυθμιστική Πολιτική, Εκδόσεις Τυπωθήτω
Additionalbook: Paul Belleflamme, Martin Peitz (2016) Βιομηχανική Οργάνωση, Αγορές και Στρατηγικές, 2η Έκδοση, Εκδόσεις Σοφία