Economics of the Firm

Code:

LGE201

Acronym:

EC E

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2006/2007 - 1S

Active?	Yes
Web Page:	http://www.fep.up.pt/disciplinas/LGE201/
Responsible unit:	Grupo de Economia
Course/CS Responsible:	Business Administration

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
GES	228	Official Curricular Structure since 2004	2	2		-

Objectives

Study of markets, firms' strategies, competition policy and regulation.

Program

1. Perfect competition, monopoly and market power.
2. Market structure and concentration. Measures of concentration.
3. Theory of the firm.
3.1. Neoclassic approach to the firm. Economies of scale and scope.
3.2 Alternative approaches to the theory of the firm.
4. Static models of oligopoly. Product differentiation.
5. Entry, barriers to entry and strategic behaviour.
6. Collusion.
7. Mergers.
8. Advertising.
9. Vertical restraints.
10. Networks.
11. Regulation.

Main Bibliography

Pepall, Richards and Norman (2005): Industrial Organization: Contemporary theory and practice, Southwestern College Pub.

Complementary Bibliography

Church and Ware (2000): Industrial Organization - A strategic approach, McGraw Hill
José Mata (2000): Economia da Empresa, Fundação Calouste Gulbenkian
Luís Cabral (1994): Economia Industrial, McGraw Hill

Teaching methods and learning activities

Theoretical and practical classes.

Evaluation Type

Evaluation with final exam