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Market Organization

General data

Course ID:	2400-EPZU2OR
Erasmus code / ISCED:	14.3 Kod klasyfikacyjny przedmiotu składa się z trzech do pięciu cyfr, przy czym trzy pierwsze oznaczają klasyfikację dziedziny wg. Listy kodów dziedzin obowiązującej w programie Socrates/Erasmus, czwarta (dotąd na ogół 0) – ewentualne uszczegółowienie informacji o dyscyplinie, piąta – stopień zaawansowania przedmiotu ustalony na podstawie roku studiów, dla którego przedmiot jest przeznaczony. / (0311) Economics The ISCED (International Standard Classification of Education) code has been designed by UNESCO.
Course title:	Market Organization
Name in Polish:	Organizacja rynku
Organizational unit:	Faculty of Economic Sciences
Course groups:	Mandatory courses for II-year extramural students of Economics of Enterprise
ECTS credit allocation (and other scores):	2.00 Basic information on ECTS credits allocation principles: the annual hourly workload of the student’s work required to achieve the expected learning outcomes for a given stage is 1500-1800h, corresponding to 60 ECTS; the student’s weekly hourly workload is 45 h; 1 ECTS point corresponds to 25-30 hours of student work needed to achieve the assumed learning outcomes; weekly student workload necessary to achieve the assumed learning outcomes allows to obtain 1.5 ECTS; work required to pass the course, which has been assigned 3 ECTS, constitutes 10% of the semester student load. view allocation of credits
Language:	Polish
Type of course:	obligatory courses
Short description:	The purpose of the course is to present to students models of firm behaviour under imperfect competition. The main theme of the course is identification of factors that make it possible for the firm to exercise market power, including makret structure, strategic behaviors that lead to strengthening of a position on the market (such practices include price discrimination, product differentiation, entry barriers, and price fixing).
Full description:	Industrial organization: • Getting to know the organization of the market: the concept of industrial organization, reminding of the most important microeconomic concepts. • Market power: market power limitations, market concentration, Lerner index, HHI index, cartels, natural monopoly. • Dominant firm and competitive edge: dominant firm, competitive edge, monopoly in the durable goods market, Coase's theorem. • Price differentiation: 1st, 2nd and 3rd degree differentiation, peak-load, time differentiation, two-part tariffs, bundling, auctions. • Non-price differentiation: qualitative discrimination, types of goods based on quality, quality signaling strategies, network effects.
Bibliography:	Liturature background necessary before starting the course: • Varian H. R. (2002), Mikroekonomia: Kurs średni - ujęcie nowoczesne, Wydawnictwo Naukowe PWN, Warszawa Literature for the course: • Research articles described during each lecture • Jeffrey R. Church and Roger Ware. Industrial Organization: A Strategic Approach. New York: McGraw-Hill, 2000 (pobierz). • Kusztelak P. (2012), Strategie produktowe Różnicować czy upodabniać - podejście teoriogrowe oraz weryfikacja eksperymentalna, CeDeWu, Warszawa (oznaczenie: KU) • Red. Krawczyk M. (2012), Ekonomia Eksperymentalna, Wolters Kluwer, Warszawa (oznaczenie: KR) Other readings: • Shy O. Industrial Organization. Theory and Applications. MIT Press, 2001 • Shy O. The Economics of Network Industries. Cambridge University Press, 2001 • Carlton D. and Perloff J. Modern Industrial Organization. Addison Wesley Longman, 2000 • Tirole J. The Theory of Industrial Organization. MIT Press, 1990
Learning outcomes:	Students who pass the course have tools for theoretical and practical analysis of processes observed on a market, they understand competition and firm behavior in a the rigid economic framework. S_W01, S_W02, S_W03, S_W04, S_U01, S_U02, S_U03, S_U04, S_K01
Assessment methods and assessment criteria:	The final grade consists of points that students can achieve through active participation in the class (i.e. delivering presentations) and a score on an exam. In total, students can obtain up to 100 points. Grading: [0-50] ndst (50-60] dst (60-70] dst + (70-80] db (80-90] db + (90-100]bdb 100 bdb +

Classes in period "Winter semester 2023/24" (past)

Time span:	2023-10-01 - 2024-01-28	Selected timetable range: weekly course term Navigate to timetable
Type of class:	Lecture, 24 hours more information
Coordinators:	(unknown)
Group instructors:	(unknown)
Students list:	(inaccessible to you)
Examination:	Course - Grading Lecture - Grading

Classes in period "Summer semester 2023/24" (in progress)

Time span:	2024-02-19 - 2024-06-16	Selected timetable range: weekly course term Navigate to timetable MO TU W TH FR SA WYK SU WYK
Type of class:	Lecture, 24 hours more information
Coordinators:	Maciej Sobolewski
Group instructors:	Maciej Sobolewski
Students list:	(inaccessible to you)
Examination:	Course - Grading Lecture - Grading

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