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Provide students with some basic tools for the analysis of strategic interaction on markets and the role of regulation. In the second part the focus will be on the economics of information technology and innovation, also with respect of the effects on economic growth.
The course starts with a remainder of some basic elements of the analysis of consumers, firms and markets.
In the second part of the course we will focus on some specific aspects of of the economics of information technology and innovation.
Main topics:
Part 1:
- demand and substitutability - technology and costs - monopoly and regulation - oligopoly: price and quantity -antitrust
Part 2:
- increasing returns - monopolistic competition - product differentiation - switching costs - networks - innovation and intellectual property - ideas and growth
Luis Cabral
Introduction to Industrial Organisation
MIT Press 2000.
Written exam math the end of the course.