Industrial Organization

Numbering Code U-ECON00 30411 LJ43 Year/Term 2021 ・ Second semester
Number of Credits 2 Course Type Lecture
Target Year From 2nd to 4th year students Target Student
Language Japanese Day/Period Fri.1
Instructor name KADOWAKI MAKOTO (Graduate School of Economics Senior Lecturer)
Outline and Purpose of the Course "Industrial Organization" is an applied field of microeconomics that analyzes the decision making of companies involved in production, distribution, and sales. For this purpose, it is also necessary to analyze the demand faced by companies, that is, consumer behavior. Corporate decision making is also affected by various policies and regulations, including competition policies. The goal of this course is for students to acquire standard knowledge of industrial organization such as the relationship between corporate behavior and the market environment including demand, and the relationship between corporate behavior and related government policies/regulations. In addition to theories, the course plans to cover specific cases and the latest empirical analyses.
Course Goals ・ To improve the ability to apply microeconomics to real-life cases
・ To deepen the theoretical understanding of corporate decision making in the imperfect competition market
・ To be able to discuss economically the impact of actual policies and regulations on corporate behavior
Schedule and Contents 01. Introduction
02. Corner
03. Cartel
04. Oligopoly
05. Differentiated products and markets
06. Product differentiation, oligopoly theory, and market concentration
07. Price discrimination
08. Pricing topics, corporate mergers
09. Strategic behavior
10. Vertical integration, vertical trading restrictions
11. Information and corporate behavior, advertising
12. Decision making in the dynamic environment
13. Research and development (R&D), innovation
14. Network effect, platform
15. Spare day

* The content and order may change according to the student's request and progress.
Evaluation Methods and Policy Evaluation will be done based on homework (scheduled once) and the final exam.
Course Requirements Students are expected to have a basic knowledge of microeconomics.
Study outside of Class (preparation and review) Carry out the preparation and review based on course materials.
Textbooks Textbooks/References Not specified (will depend on handouts)
References, etc. Carlton, Dennis W., and Jeffrey M. Perloff [Modern Industrial Organization] (Pearson) ISBN:978-0321180230; Belleflamme, Paul, and Martin Peitz [Industrial Organization: Markets and Strategies] (Cambridge University Press) ISBN:978-1107687899; 花薗誠 『産業組織とビジネスの経済学』 (有斐閣) ISBN:978-4641150591