• The course will also discuss antitrust and price regulations.
Objectives of the course
• The course will balance theoretical models with empirical analyses and case studies.
Industrial Organization 产业组织理论
• Why is it changed into a bilingual course? • How beneficial is being bilingual?
Basic Information to the Course
• Structure of Teaching Hours ( total 32 hours)
• Textbook
– “Introduction to Industrial Organization” , 2000, by Luis Cabral
– “Industrial Organization: contemporary theory and practice”, Fourth Edition, 2008, by Lynne Pepall et.al
• At the end of the course, students will be expected to understand the basic principles of industrial organization, and to be able to develop independent, critical analyses of firms’ strategies and market interaction.
– Applied: reference to real-world situations, business and public policy issues
☺ By the way … What am I concerned about?
• Read a lot, think a lot and write
1.1 什么是产业组织学
1.1.1. 产业组织学的定义
产业: 提供同一类（紧密替代性close substitutability）商品的企业的集合 生产具有紧密替代性：汽车产业 需求具有紧密替代性：轿车产业
上述两个特性划分，是服从于两个经济分析的需要：前 者是服从于分析产业间均衡状态的需要，即产业结构分 析的需要。后者是服从于分析企业市场关系的需要，即 产业组织分析的需要。
• The course focuses on the basic concepts and models of industrial organization: price and quantity choices, collusion, barriers to entry, price discrimination, vertical relations, technology and standard determination.
产业是介于宏观领域和微观领域之间的中观领域
产业的分类
• 费希尔和克拉克的三次产业分类法：
➢ 第一产业：种植业、畜牧业、渔业、林业； ➢ 第二产业：制造业、采掘业、建筑业以及、新闻、国
– Read newspaper articles and important academic articles – Be independent thinkers – Try to write in English
什么是产业组织理论 产业组织理论的研究内容 产业组织理论的形成及其发展 产业组织理论的研究方法与工具
☺ By the way … What am I concerned about?
• Applied Theory approach
– Theory: economic models of business strategies
John • M • Keyns (1935)
“The theory of economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which help its possessors to draw correct conclusions.”
– Lecture Hours: 30 (Some time will be devoted to problem sets/presentation during the lectures.)
– Final Exam: 2
• Composition of the Final Grade
– Attendance and Participation: 5% – 2 problem sets: 15% – Short Essay Assignment (due 16/12) : 10% – Final Exam (Open-book): 70%
Objectives of the course
• This course forms an introduction to the field of industrial organization: the economic analysis of firms, their interaction on markets and with regulatory agencies. At the heart of all of this is strategic interaction. It relies on the tools of game theory.