Identifying Data 2023/24
Subject (*) European Industrial Organisation Code 611G01033
Study programme
Grao en Economía
Descriptors Cycle Period Year Type Credits
Graduate 1st four-month period
Fourth Obligatory 6
Language
Spanish
Teaching method Face-to-face
Prerequisites
Department Economía
Coordinador
Calo Blanco, Aitor
E-mail
aitor.calo@udc.es
Lecturers
Calo Blanco, Aitor
Varela Candamio, Laura
E-mail
aitor.calo@udc.es
laura.varela.candamio@udc.es
Web
General description Bases teóricas para o estudo das interaccións entre os axentes económicos en distintas situacións de contratos, organizacións e mercados mediante a microeconomía e a teoría de xogos a nivel intermedio. Tamén se recollen esquemas compatibles de incentivos e modelos de información asimétrica. Análise das conductas anticompetitivas e monopolísticas na industria.

Study programme competencies
Code Study programme competences
A1 CE1- Contribuír á boa xestión da asignación de recursos tanto no ámbito privado como no público.
A2 CE2-Identificar e anticipar problemas económicos relevantes en relación coa asignación de recursos en xeral, tanto no ámbito privado como no público.
A3 CE3-Aportar racionalidade á análise e á descripción de calquera aspecto da realidade económica.
A4 CE4-Avaliar consecuencias e distintas alternativas de acción e seleccionar as mellores, dados os obxectivos.
A5 CE5-Emitir informes de asesoramento sobre situación concretas da economía (internacional, nacional ou rexional) ou de sectores da mesma.
A6 CE6-Redactar proxectos de xestión económica a nivel internacional, nacional ou rexional. Integrarse na xestión empresarial.
A7 CE7-Identificar as fontes de información económica relevante e o seu contido.
A8 CE8-Entender as institucións económicas como resultado e aplicación de representacións teóricas ou formais acerca de cómo funciona a economía.
A9 CE9-Derivar dos datos información relevante imposible de recoñecer por non profesionais.
A10 CE10-Usar habitualmente a tecnoloxía da información e as comunicación en todo a seu desempeño profesional.
A11 CE11Leer e comunicarse no ámbito profesional en máis dun idioma, en especial en inglés.
A12 CE12-Aplicar á análise dos problemas criterios profesionais baseados no manexo de instrumentos técnicos.
A13 CE13-Comunicarse con fluidez no seu contorno e traballar en equipo.
B1 CB1 - Que os estudantes demostren posuir e comprender coñecementos nun área de estudo que parte da base da educación secundaria xeral, e que soe encontrar nun nivel que, ainda que se apoia en libros de texto avanzados, inclue tamén algúns aspectos que implican coñecementos procedentes da vangarda do seu campo de estudo.
B2 CB2 - Que os estudantes saiban aplicar os seus coñecementos ó seu traballo ou vocación dun xeito profesional e posúan as competencias que se demostran por medio da elaboración e defensa de argumentos e a resolución de problemas dentro da su entorna de traballo.
B3 CB3 - Que os estudantes teñan a capacidade de reunir e interpretar datos relevantes (normalmente dentro da su área de estudo) para emitir xuizos que inclúan unha reflexión sobre temas relevantes de índole social, científica ou ética
B4 CB4 - Que os estudantes poidan transmitir información, ideas, problemas e solucións a un público tanto especializado como non especializado
B5 CB5 - Que os estudantes desenvolvesen aquelas habilidades de aprendizaxe necesarias para emprender estudos posteriores cun alto grao de autonomía
B6 CG1- Que os estudantes formados se convertan en profesionais capaces de analizar, reflexionar e intervir sobre os diferentes elementos que constitúen un sistema económico
B7 CG2 - Que os estudantes coñezan o funcionamento e as consecuencias dos sistemas económicos, as distintas alternativas de asignación de recursos, acumulación de riqueza e distribución da renda e estean en condicións de contribuír ao seu bo funcionamento e mellora
B8 CG3 -Que os estudantes sexan capaces de identificar e anticipar os problemas económicos relevantes, identificar alternativas de resolución, seleccionar as máis axeitadas e avaliar os resultados aos que conduce.
B9 CG4 -Que os estudantes respecten os dereitos fundamentais e de igualdade de oportunidades, non discriminación e accesibilidade universal das persoas con minusvalidez.
B10
C1 CT1-Expresarse correctamente, tanto de forma oral coma escrita, nas linguas oficiais da comunidade autónoma.
C2 Dominar a expresión e a comprensión de forma oral e escrita dun idioma estranxeiro.
C3 Utilizar as ferramentas básicas das tecnoloxías da información e as comunicacións (TIC) necesarias para o exercicio da súa profesión e para a aprendizaxe ao longo da súa vida.
C4 CT2-Desenvolverse para o exercicio dunha cidadanía aberta, culta, crítica, comprometida, democrática e solidaria, capaz de analizar a realidade, diagnosticar problemas, formular e implantar solucións baseadas no coñecemento e orientadas ao ben común.
C5 CT3-Entender a importancia da cultura emprendedora e coñecer os medios ao alcance das persoas emprendedoras.
C6 CT4-Valorar criticamente o coñecemento, a tecnoloxía e a información dispoñible para resolver os problemas cos que deben enfrontarse.
C7 CT5-Asumir como profesional e cidadán a importancia da aprendizaxe ao longo da vida.
C8 CT6-Valorar a importancia que ten a investigación, a innovación e o desenvolvemento tecnolóxico no avance socioeconómico e cultural da sociedade.

Learning aims
Learning outcomes Study programme competences
To know how to analyze the degree of competitive rivalry of the sectors and their implications for the management of the value chain A1
A2
A6
A10
A12
B1
B2
B6
C2
C3
C5
C8
To know how to work in a team and collaboratively A4
A7
B3
B4
B5
B10
C3
C6
To convey the values and effort and work and encourage personal initiative A11
A13
B5
B6
B7
B8
B9
C1
C2
C3
C4
C5
C6
C7
C8
To know how to identity and analyze the main competitive forces of the different sectors based on relevant economic information sources A3
A5
A7
A8
A9
B4
C3

Contents
Topic Sub-topic
CHAPTER 1: INTRODUCTION TO GAME THEORY • The problem of interdependence between decision-making agents, and the conditional optimization decision.
• Non-cooperative versus cooperative games
• Types of non-cooperative games according to the nature of the interaction (static, dynamic or repeated), as well as the information available (perfect/imperfect or complete/incomplete).
• Formal definition and representation of a game in normal and extensive form.
CHAPTER 2: NASH EQUILIBRIUM FOR NON-COOPERATIVE GAMES



• Best response correspondence. Dominant strategies.
• The Nash equilibrium. Existence of Nash equilibrium. Interpretation and efficiency: the prisoner's dilemma. Other resolution concepts: the maximim.
• Representative examples.
• Equilibria with continuous functions of best response.
• Oligopolies with complete information in action: Cournot; Bertrand.
CHAPTER 3: GAMES IN STAGES. LEADERSHIP AND STRATEGIC ADVANTAGES FOR ENTRY.


• Definition of extensive games with perfect or imperfect information.
• Subgame perfect equilibrium. Backward induction and credible threats. Refinements of the Nash equilibrium.
• Leadership in oligopolies: Stackelbert in quantities and prices.
• Other models of leadership: reinterpretation in terms of capacity and strategic advantages of established companies.
• Barriers to entry and entry deterrence. The limit price strategy.
CHAPTER 4: PRODUCT DIFFERENTIATION IN STATIC AND DYNAMIC GAMES • Horizontal differentiation. Hotteling's model.
• Vertical differentiation.
• Advertising and related marketing strategies. Packaging of products and services.
CHAPTER 5: EQUILIBRIUM IN GAMES WITH INCOMPLETE INFORMATION • Introduction and examples.
• Characterization of a Bayesian game. Bayesian equilibrium.
• Oligopolies with incomplete information in action: Cournot and Bertrand.
CHAPTER 6: REPEATED GAMES • Basic concepts and examples.
• Paradoxes in unique equilibrium games with a finite and certain horizon: prisoners' dilemma and warehouse chain.
• Games with an infinite or uncertain horizon: trigger and retaliation strategies.
• Multiple equilibria and Folk theorem.
CHAPTER 7: CARTELS AND COLLUSION IN OLIGOPOLIES • Collusion in oligopolies: solutions in quantities and prices, and perfect Pareto equilibria.
• Information mechanisms and collusion between oligopolists: discussion of stability.
• Different penalty strategies and credibility strategies.
• On cartels and the possibilities of antitrust policy.
CHAPTER 8: MONOPOLY AND ECONOMIC EFFICIENCY: TRIGGERS OF INTERVENTION • Monopoly regulation: Flexible regulation in the EU. The new competition tool (NCT) in the EU. Underlying theories of damage (harm).
• Intervention activators. Casuistries and indicators.
CHAPTER 9: NETWORK ECONOMIES AND DIGITAL PLATFORMSS • Networks and platforms. Scale and network effects.
• Monopolistic competition in platform economies.
• Multihoming vs. Singlehoming.
CHAPTER 10: INTELLECTUAL PROPERTY • Copyrights. Patents. Trademarks.
• Intellectual property: international character.

Planning
Methodologies / tests Competencies Ordinary class hours Student’s personal work hours Total hours
Collaborative learning A3 A4 A5 A7 A11 A12 A13 B4 B5 C2 C4 C7 C8 12 10 22
Guest lecture / keynote speech A1 A2 A4 A8 B1 B6 B7 B8 B9 C3 C5 C6 26 52 78
Case study A6 A9 A10 B2 B3 C1 5 30 35
Aprendizaxe servizo A1 A2 A3 A13 B2 B3 B4 B5 B6 B7 B8 C1 C4 C8 5 0 5
Mixed objective/subjective test A2 A6 A12 B4 B10 5 0 5
 
Personalized attention 5 0 5
 
(*)The information in the planning table is for guidance only and does not take into account the heterogeneity of the students.

Methodologies
Methodologies Description
Collaborative learning Guided teaching-learning procedures (overseen in person and/or using ICT methods) based on organisation of class into small groups in which students work together to solve tasks assigned by teacher, with aim of optimising their learning experience and that of other members of group
Guest lecture / keynote speech Oral presentation (using audiovisual material and student interaction) designed to transmit knowledge and encourage learning
Case study Teaching-learning method in which students are presented with a specific set of real-life circumstances and a problem (‘case’) which they must attempt to understand, assess and solve as a group through a process of discussion. Students should be able to analyse a series of facts relating to a particular area of knowledge or activity, and arrive at a rational conclusion via a process of discussion within small work groups

In particular, the group work will be carried out (individual or in group) activities in relation to one of the themes of the program. The steps to follow are: subject selection, documentation, general evaluation, periodic sessions with the teacher for follow-up, preparation of the presentation and presentation in the classroom.
Aprendizaxe servizo Methodology that combines community service with learning in a single project, in which the student body is trained working on real needs of their environment in order to improve it. In this subject, students can develop activities within the project: "Economy with science and conscience: promoting sustainable development"
Mixed objective/subjective test Mixed test consisting of essay-type and objective test questions. Essay section consists of open (extended answer) questions; objective test may contain multiple-choice, ordering and sequencing, short answer, binary, completion and/or multiple-matching questions.

Personalized attention
Methodologies
Case study
Collaborative learning
Aprendizaxe servizo
Description
Personalized attention in small group tutorials and individual tutorials, especially in relation to assignments and other activities planned in the classroom or in Moodle or TEAMS.

The Small Group Office Hours will be virtual, as well as the individual and group ones, preferably and will be divided into 2 sessions of 2 hours, and it is expected that their programming will take place around weeks 7 and 13 of the semester

Assessment
Methodologies Competencies Description Qualification
Case study A6 A9 A10 B2 B3 C1 It is part of the continuous assessment developed through collaborative learning achieved in classrooms and resulting in the completion of a series of case studies throughout the course.
Alternatively, or as complementary activities, this continuous evaluation can be evaluated by performing a MOOC or a service-learning project.
30
Mixed objective/subjective test A2 A6 A12 B4 B10 Final exam: Mixed test that may integrate essay-type questions and objective test-type questions. Essay section consists of open (extended answer) questions. Objective test may contain multiple-choice, ordering and sequencing, short answer, binary, completion and/or multiple-matching questions. Students must obtain a minimum of 5 points out of 10. This test will take place on the date established in the official academic calendar. 70
 
Assessment comments

The evaluation criteria are as follows

A) EVALUATION REGULATIONS:

1. Evaluation conditions: It is forbidden to access theexam room with any device that allows communication with the outside and/orstorage of information, except in the case of online exams or so indicated bythe teaching team.

2. Identification of the student: The student must bring andshow his/her ID card or passport the day of the exam in accordance with currentregulations.

B) SPECIFIC EVALUATIONS:

1. Students that did not show up (in Spanish, "No presentado" grading): Corresponds to the student,when he/she only participates in evaluation activities weighted less than 20% onthe final grade, regardless of the achieved grade.

2. Students with recognition of part-time dedication and academic exemption from attendance exemption: In the first and second opportunity, the evaluation criteria will be considered according to the performance of a mixed test with a weight of 100% over the final grade. It will consist of a test in which theoretical and practical questions will be included in which the students will have to demonstrate that they have achieved the competences and the learning results of the subject.

C) GRADING OPPORTUNITIES:

1. First opportunity: the evaluation criteria previously indicated inthis section will be applied.

2. Second opportunity: the criteria of the first opportunity are maintained and the grades achieved in the continuous assessment will be preserved. However, the possibility of retaking the part corresponding to "Case Studies" is offered. Alternatively, upon request, the student will have the opportunity to take a mixed test on the date of the official calendar, equivalent to 100% of the final grade.

3. Advance call: The conditions for evaluating this call will be specific to this opportunity. This will be evaluated through a mixed test that will represent 100% of the final grade.

D) OTHER EVALUATION OBSERVATIONS:

1. On minimums in the evaluation criteria: A minimum grade is not required in the part of the continuous assessment. For the mixed test it is necessary to obtain 50% of the possible grade to be able to pass the subject. This requirement applies to both the first and second opportunities. For the whole activities (the two parts), the student must obtain a minimum score of 5 points to pass the course, but as long as the mixed test reaches a minimum of 50% of the test score.

2. Detection of fraud, whether plagiarism or any other action, will result in a final grade of 0 points. Fail grade
in the call in which the offense is committed and with respect to the subject
in which it was committed: the student will be qualified with “fail” (in
Spanish, “suspenso") (numerical grade 0) in the corresponding call of the
academic year, whether the commission of the offense occurs on the first
opportunity or on the second. To do this, the grade will be modified in the
first opportunity record, if necessary.


Sources of information
Basic GIBBONS, R. (1992). A Primer un game theory. New York. Harvester Wheatsheaf
OSBORNE, M.J. (2004). An introduction to game theory. Oxford University Press
ANTELO, M. (2019). Comportamiento estratégico. Reverté
FERNANDEZ DE CASTRO, J.; DUCH BROWN, N., (2003). Economía Industrial: Un enfoque estratégico. Madrid, McGraw-Hill
VEGA-REDONDO, F. (2000). Economía y juegos. Antoni Bosch
GARDNER, R. (2003). Games for business and economics. Wiley
BELLEFLAMME P.; PEITZ M. (2015). Industrial Organization. Markets and Strategies. Cambridge University Press
PEPALL, L.; RICHARDS, D.J.; NORMAN, G. (2005). Industrial Organization: Contemporary Theory and Practice. Thomson/South-Western
GARDNER, R. (1996). Juegos para empresarios y economistas. Antoni Bosch
BELLEFLAMME, P.; PEITZ, M. (2021). Organización industrial: mercados y estrategias. Bogotá: Editorial Universidad del Rosario
PEPALL, L.; RICHARDS; D.J.; NORMAN, G. (2006). Organización industrial: teoría y práctica contemporáneas. Thomson
TIROLE, J. (1990). Teoría de la Organización Industrial. Ariel, Barcelona
TIROLE, J. (1988). The theory of industrial organization. The MITT Press
GIBBONS, R. (2011). Un primer curso de teoría de juegos. Antoni Bosch

Complementary SERRANO, R.; FELDMAN, A. (2018). A short course in intermediate microeconomics with calculus. Cambridge University Press
FAIÑA MEDIN J.A. (2003). A Teoría de Xogos: O nobel de Economía e moito máis.... A Coruña UDC
MARTIN, S (2002). Advanced Industrial Economics. Blackwell Publishers
PHLIPS, L., (1995). Competition policy: a game-theoretic perspective. Cambridge University Press
MOTTA, M. (2004). Competition policy: theory and practice. Cambridge University Press
SERRANO, R.; FELDMAN, A. (2016). Microeconomía intermedia con cálculo. Madrid: Ibergarceta
MOTTA. M. (2018). Política de competencia: teoría y práctica. Fondo de Cultura Económica


Recommendations
Subjects that it is recommended to have taken before
Microeconomics and Markets/611G01012
Microeconomic Theory/611G01023

Subjects that are recommended to be taken simultaneously

Subjects that continue the syllabus

Other comments

1. The delivery of the documentary works that are done in this subject:
    a. They will be requested in virtual format and / or in computer support
    b. It will be done through Moodle or TEAMS, in digital format and without needing to print them

2. The importance of the ethical principles related to the values of sustainability in personal and professional behaviors must be taken into account

3. Students will work to identify and modify prejudices and sexist attitudes, and they will influence the environment to modify them and promote values of respect and equality

4. The full integration of students that, for physical, sensory, psychological or socio-cultural reasons experience difficulties to adequate, equal and profitable access to university life will be facilitated



(*)The teaching guide is the document in which the URV publishes the information about all its courses. It is a public document and cannot be modified. Only in exceptional cases can it be revised by the competent agent or duly revised so that it is in line with current legislation.