Courses

Industrial Organization and Policy

General

Course Contents

  1. Basic concepts in industrial organization and policy. General principles of organization of industrial units.
  2. Definition of markets and classification of industrial units. Organization and management of industrial units. Modern approaches. Management models.
  3. Production function – production costs and production decisions. Technological progress and production cost. Forms of purchases. Monopolies – oligopolies – free competition. Price setting in oligopoly conditions.
  4. Concentration and market power. Price formation in conditions of oligopoly – monopoly – uncertainty. Examples of oligopoly according to Cournot, Stackelberg, Bethrand.
  5. Gaining a dominant position in the market – globalization of industrial markets. Gaining competitive advantage in the market. Competitiveness models.
  6. Game theory & collusion and business competitiveness strategies.
  7. Strategic synergies – mergers – acquisitions and formation of economies of scale and competitive advantage.
  8. Industry 4.0: Structure – elements and characteristics in conditions of globalization of markets. Start-ups – business clusters.
  9. Innovations and innovation models, especially in the field of industry.
  10. Patents – patent policy and market dominance.
  11. Cross-sector and intra-sector cooperation networks of industrial units.
  12. European industrial policy and national industrial policy. Development law and subsidies in the secondary sector.
  13. Summary, Recap.

Educational Goals

The development of the secondary sector (industry) is an important growth driver of the overall economy.

Therefore, the student should:

  • Understand the relationships between the development of the overall economy and the development of the industry.
  • Understand the concepts of business strategy, both in terms of dealing with issues related to the external environment of the business, and in terms of its internal organization.
  • Understand the importance they play in the effective operation, the proper organization and motivation of the human capital in the company.
  • Understand modern market structures characterized by the presence of monopoly – oligopoly power, the formulation of linear and non-linear pricing strategy by companies, the measurement of monopoly power and concentration in an industry, vertical and horizontal mergers – acquisitions, as well as their effects on market structure and the degree of monopoly power.

General Skills

  • Independent work.
  • Team work.
  • Project planning and management.
  • Search for, analysis and synthesis of data and information, with the use of the necessary technology.

Teaching Methods

  • In the classroom, face to face.

Use of ICT means

  • Basic software (windows, word, power point, the web, etc.).
  • Support of learning process through the electronic platform / e-class.

Teaching Organization

ActivitySemester workload
Lectures26
Practice Works13
Assignement (Essay writing)20
Independent Study91
Total150

Students Evaluation

Written final exams (60%) that may include:

  • Judgemental questions.
  • Short answer questions.
  • Application exercises.
  • True/false and multiple choice questions.
  • Composite theoratical questions.

In each question, corresponding evaluation points are specified.
Optional assignment (Essay writing and presentation) corresponds to 40% of the final grade.

Recommended Bibliography

  1. Κατσουλάκος, Ι. (2015). Θεωρία Βιομηχανικής Οργάνωσης, Εκδόσεις Δαρδανος, Αθήνα.
  2. Φώτης, Π. (2013). Βιομηχανική Οργάνωση και Πολιτική Ανταγωνισμού, Εκδόσεις Προπομπός, Αθήνα.
  3. Ζαρωτιάδης, Γ., Μάρδας, Δ. (2017). Βιομηχανική Ανάπτυξη & Βιομηχανική πολιτική στη Διεθνή Πραγματικότητα, Εκδόσεις Ζυγός, Θεσσαλονίκη.
  4. Φαφαλιου, Ε., Πολέμης, Μ.(2016). Σύγχρονα Θέματα Βιομηχανικής Πολιτικής, Εκδόσεις Μπένου, Αθήνα.
  5. Cabral, L. (2018). Βιομηχανική Οργάνωση, Εκδόσεις Κριτική, Αθήνα.
  6. Belleflamme, P., Peitz, M. (2016). Βιομηχανική Οργάνωση: Αγορές και Στρατηγικές, Εκδόσεις Σοφία, Θεσσαλονίκη.

Related Research Journals

  1. The Journal of Industrial Economics.
  2. Journal of Industrial and Business Economics.