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Program Type: 
Non Thesis
Course Code: 
ECON 535
Course Type: 
Course Language: 
Course Coordinator: 
Courses given by: 
Course Objectives: 

Many aspects of industrial organization analysis is controversial. At bottom, the debate turns on ideological value judgments as to the proper role of government. Free and unfettered markets fail, and how seriously they fail is a matter of dispute. We will attempt to provide a balanced assessment in this course.

Course Content: 

In its mainstream, industrial organization is concerned with how productive activities are brought into harmony with the demand for goods and services through some organization mechanism such as free market, and how variations and imperfections in the organizing mechanism affect the succes achieved in satisfying an economy's wants.Primary emphasis will be placed on the manufacturing and mineral extraction sectors of industrialized economies, with secondary emphasis on wholesale and retail distribution, services, transportation and the public utilities sectors. For a variety of reasons, markets may fail, then the government agencies may choose to intervene and attempt to improve performance by applying policy measures. Costs, investments, prices and outputs can be influenced by taxes and subsidies.

Teaching Methods: 
1: Lecture, 2: Question-Answer, 3: Discussion,
Assessment Methods: 
A: Testing C: Homework

Vertical Tabs

Course Learning Outcomes

1. Be able to understand the welfare economics of competition and monopoly
2. Be able to understand the determinants of market structure
3. Be able to understand the strategic games in oligopolistic markets
4. Be able to understand the dynamics of monopoly and oligopoly pricing
5. Be able to understand antitrust policy toward monopoly
6. Be able to understand the restrictive trade practices policy

Course Flow

Week Topics Study Materials
1 Scope and Method of Industrial Organization Analysis Chapter 1
2 The Welfare Economics of Competition and Monopoly Chapter 2
3 Industry Structure Chapter 3
4 Economic Theories of Oligopoly Pricing Chapter 6
5 Conditions Facilitating/Limiting Oligopolistic Coordination Chapter 7 and 8
6 Antitrust Policies Toward Price-Fixing Arrangements Chapter 9
7   Dynamics of Monopoly and Oligopoly Pricing Chapter 10
8 Price Discrimination Chapter 11
9 Midterm  
10 Product Differentiation, Market Structure and Competition Chapter 13
11 Barriers To Entry Chapter 14
12 Market Structure and Performance: Empirical Appraisal Chapter 16
13 Market Structure, Patents and Technological Innovation Chapter 17
14 Revision  

Recommended Sources

Textbook Scherer, F. M. and Ross, D. (1990) Industrial Market Structure and Economic Performance, Houghton Mifflin Co., Boston
Additional Resources Clarke, R. (1985) Industrial Economics, Blackwell, Oxford UK and Cambridge USA

Material Sharing

Documents A list of articles will be provided at the beginning of the course.
Assignments The class discussion of the academic papers.


Mid-term 1 30
Quizzes (attendance, presentation, etc.) 4 20
Assignment 0 0
  Total 50
  Total 100

Course’s Contribution to Program

No Programme Learning Outcomes Contribution
    1 2 3 4 5
1 Formulate and develop a critical and comprehensive understanding of global and national economic problems, and construct and design practical solutions;         X
2 Extract information and concepts from various disciplines in social sciences and integrate them under the rubric of economics;   X      
3 Construct testable hypotheses to find original, practical solutions to various social ills and problems;   X      
4 Develop an analytical understanding of economic problems, and the ability to evaluate the inherent logic, assumptions and conclusions of alternative approaches;         X
5 Develop the necessary technical skills to evaluate alternative approaches in economics;         X
6 Formulate research projects, plan and conduct research in social sciences in general and in economics in particular;       X  
7 Present the results of their research in national and international conferences and in scientific and professional venues;     X    
8 Apply the scientific / academic modes of thought and analysis to their professional lives and form a bridge between the analytical and abstract modes of thinking of academia and the practical and dynamic skills of business life;     X    


Activities Quantity Duration (Hour) Total Work Load (Hour)
Course Duration (Including the exam week: 15 x Total course hours) 16 3 48
Hours for off-the-classroom study (Pre-study, practice) 16 10 160
Mid-terms 1 10 10
Quizes     0
Homework 1 20 20
Final examination 1 10 10
Total Work Load     248
Total Work Load / 25 (h)     9.92
ECTS Credit of the Course     10