ECONOMIA DEI SETTORI PRODUTTIVI

ECONOMICS ECONOMIA DEI SETTORI PRODUTTIVI

0222200035
DIPARTIMENTO DI SCIENZE ECONOMICHE E STATISTICHE
EQF7
ECONOMICS
2017/2018

OBBLIGATORIO
YEAR OF COURSE 1
YEAR OF DIDACTIC SYSTEM 2016
PRIMO SEMESTRE
CFUHOURSACTIVITY
530LESSONS
Objectives
KNOWLEDGE AND UNDERSTANDING:

THE AIM OF THE LESSONS IS TO GIVE THE FUNDAMENTAL INSTRUMENTS AND CONCEPTS WHICH ARE NECESSARY TO THE ANALYSIS OF INDUSTRIAL ECONOMICS AND ORGANIZATION IN A WORLD WHERE COMPETITION REQUIRES COMPLEX PUBLIC AND PRIVATE CHOICES SPECIAL ATTENTION WILL BE GIVEN TO THE DETERMINANTS AND THE EFFECTS OF THE INDUSTRIAL STRUCTURE AND THE FIRMS’ STRATEGIES ON THE DIFFERENT MARKETS.

APPLYING KNOWLEDGE AND UNDERSTANDING

THE LESSONS GOAL IS TO MAKE STUDENTS ABLE TO ACHIEVE THE NECESSARY SKILLS TO APPLY THE ECONOMIC THEORY AT REAL ECONOMY ISSUES IN ORDER TO UNDERSTAND THE FUNDAMENTAL CHARACTERISTICS OF DIFFERENT MARKET STRUCTURES AND TO MAKE AN ECONOMIC ANALYSIS OF THE SEVERAL INDUSTRIES WHICH COMPOSE AN ECONOMIC SYSTEM

Prerequisites
IT'S ADVISABLE THAT THE STUDENT HAS ALREADY IN THE PAST ACQUIRED THE FUNDAMENTAL CONCEPTS OF THE MICROECONOMICS
Contents
THE TEACHINH PERIOS WILL CONSIST OF TWO PARTS. IN THE FIRST, THE AIMS IS TO ANALYSE THE CURRENT THEORY AND EMPIRICAL ASPECTS IN INDUSTRIAL ECONOMICS. IT STARTS BY EXAMINING THE INTERNAL STRUCTURE AND THE BEHAVIOR OF FIRMS. THEN, IT DISCUSSES THE ROLE OF POLICY IN THE CONTEXT OF COMPETITION AND INDUSTRIAL POLICIES AND REGULATION. THE EMPHASIS WILL BE THROUGHOUT ON UNDERSTANDING HOW THE THEORETICAL TOOLS CAN BE USED TO ANALYSE REAL WORLD ISSUES.
IN THE SECOND PART, THE LESSONS ARE AIMED TO DEEPEN THEORETICAL ANALYSIS OF THE SECTORS CHARACTERIZED BY SEGMENTS OF NATURAL MONOPOLY (ENERGY, GAS, TRANSPORTATION, WATER SERVICES). WE WILL DISCUSS ASPECTS OF THE PASSAGE FROM PUBLIC COMPANY TO REGULATED PRIVATE FIRM, WITH AN OUTLINE OF LIBERALIZATION PROCESS.FINALLY, THE COURSE WILL ANALYZE EXAMPLES ABOUT PRESENT EXPERIENCE TO UNDERSTAND MANAGEMENT AND ECONOMIC ASPECTS OF PUBLIC UTILITIES

THE DETAILED CONTENTS ARE THE FOLLOWING:

PART I
- WELFARE ECONOMICS
- SCITOWSKY BERGSON - EDGEWORTH BOWLEY BOX – PARETO OPTIMALITY – MARKET FAILURES – WEIGHTS AND SHADOW PRICES
- BASIC MICROECONOMICS REVIEW
- GAME THEORY
- MONOPOLY
- PERFECT AND ALMOST PERFECT COMPETITION
- OLIGOPOLY COMPETITION: BERTRAND AND COURNOT
- COLLUSION
- STRUCTURE AND POWER MARKET
- PRICE DISCRIMINATION
- VERTICAL RESTRAINTS
- PRODUCT DIFFERENTIATION
- ADVERTISING
- RESEARCH AND DEVELOPMENT
- NETWORKS AND STANDARDS
- REGULATION

PART II

- DEFINITION AND FEATURES OF PUBLIC UTILITIES
- ECONOMIC AND INDUSTRIAL ASPECTS OF PUBLIC UTILITIES: ENERGY, NATURAL GAS, TRANSPORTATIONS AND WATER
- THE REASONS FOR MARKET LIBERALIZATION
- REGULATION THEORY AND INDIPENDENT AUTHORITIES
- THE PRICE SETTING POLICY: COST PLUS AND PRICE-CAP METHODS
Teaching Methods
THE LESSOMS ARE ORGANISED IN TWO PARTS. THE FIRST PART CONCERNS FRONTAL LESSONS ABOUT THEORETICAL ASPECTS.THE SECOND PART CONCERNS PRACTICAL ACTIVITIES SUCH AS EXERCISES, NEWSPAPER AND CASE STUDIES.
Verification of learning
THE EXAM IS ORAL AND AIMS TO ASCERTAIN THE STUDENTS' ABILITY TO INTERPRET ECONOMIC EVENTS THROUGH THE KNOWLEDGES ACQUIRED DURING THE CLASS;INTERACTIVITY AND PARTICIPATION OF STUDENTS ARE AMONG THE ITEMS CONSIDERED FOR EVALUATION.
358/5000
THE ORAL EXAM, WHICH LASTS APPROXIMATELY 20 MINUTES, CONSISTS OF AN INTERVIEW WITH QUESTIONS AND DISCUSSION ON THE THEORETICAL AND METHODOLOGICAL CONTENTS OF THE PROGRAM, SO AS TO ENSURE NOT ONLY THE LEVEL OF KNOWLEDGE AND UNDERSTANDING ACQUIRED BY THE STUDENT, BUT ALSO THE ABILITY TO DISPLAY TOPICS WITH APPROPRIATE TERMINOLOGY.
Texts
MODULO 1

GIUSEPPE MOESCH – "APPUNTI DI ECONOMIA DEL BENESSERE", CUSL SALERNO 2009
LYNNE PEPALL, DANIEL RICHARDS, GEORGE NORMAN - "ORGANIZZAZIONE INDUSTRIALE" (EDIZIONE ITALIANA A CURA DI GIACOMO CALZOLARI), MC GRAW-HILL - MILANO 2009

MODULO 2
GILARDONI A., "INTRODUZIONE ALLA ECONOMIA E GESTIONE DELLE PUBLIC UTILITIES", AGICI, MILANO 2016


MORE MATERIAL WILL BE DISTRIBUTED DURING THE LESSONS
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