Topics in Industrial Organization

Universidad Carlos III de Madrid

Course Description

  • Course Name

    Topics in Industrial Organization

  • Host University

    Universidad Carlos III de Madrid

  • Location

    Madrid, Spain

  • Area of Study

    Business Administration, Economics, International Economics, Peace and Conflict Studies

  • Language Level

    Taught In English

  • Prerequisites

    Since this class is a theoretical one, it is highly recommended to have a good basis of Microeconomics, and have
    taken some Industrial Organziation and Game Theory.

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • ECTS Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview


    This course has a double objective:
    - Obtain an advanced knowledge of industrial organization.
    - Learn to analyze specific markets and industries.
    The theoretical tools that the student will learn will be useful for his/her future professional life as well as advanced
    - Learn the characteristics of several industries. Identify the key issues of these industries and understand how the
    economic concepts taught in class help addressing these issues.
    - Learn the tools which allow analyzing the main features of each industry.
    - Improve the analytical skills of the student.
    - Improve the communication skills of the student.


    This is an advanced class on industrial organization in which several topics with practical examples will be
    The objective of the course is to provide students with adequate instruments for the analysis of a special type of
    market; the market for network products. Examples for network products include telephones, computers, music
    players, banking services, airline services. The course is theoretical, and uses game theoretic notions. Specific
    examples are discussed with the purpose of facilitating understanding and showing the potential of the analysis.
    We focus on the following topics:
    -The Hardware Industry
    -The Software Industry
    -Network congestion
    -The Airline Industry


    There will be three main components of the class:
    a. Theory classes
    b. Problem-solving classes
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    c. Students´ presentations.
    Acquisition of theoretical knowledge through master classes and individual student work.
    Acquisition of abilities and skills trhough problems solving, practical exercises and discussion.


    The grading will work as follows:
    1. EC - Continuous Evaluation (40% of the final grade)
    a. There will be two midterm exams: First Midterm: 30%, Second Midterm: 50%. A student who fails to participate
    in any of the two exams will be treated in the same way as a student who obtained 0.
    b. Class presentation of a paper/case/etc: 20% of EC (optional).
    2. Final exam: 60% of the final grade (optional). If you choose to take the final (conv. ordinaria), the final grade is
    calculated as the maximum between the weighted average and the EC.
    % end-of-term-examination: 60
    % of continuous assessment (assigments, laboratory, practicals?): 40


    - The Economics of Network Industries, Oz Shy, , Publisher:, Cambridge University Press
    - Information Rules: A Strategic Guide to the Network Economy, Carl Shapiro,, Hal R. Varian,, Publisher:
    Harvard Business Review Press
    - Competition in telecommunications, Jean-Jacques Laffont, , Jean Tirole, , Publisher: The MIT Press

Course Disclaimer

Please note that there are no beginning level Spanish courses offered in this program.

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.


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