Value Added Course : ECONOMICS OF INDUSTRIAL ORGANIZATION: AN OVERVIEW(IOZH) dated: 15/07/2024

Duration: 30 hours Credits: 2 (Two)

Economics Department, Presidency University

Course Coordinators: Mousumi Dutta & Zakir Husain

MOTIVATION:

Most economic transactions take place in markets. We will study both classical market structures (e.g., perfect competition, monopoly) and the modern ones (e.g., oligopoly, platforms). Using game-theoretic tools we will develop models to analyze how firms exercise market power and strategically interact with other firms in a variety of settings. The objective of this course is to equip participants with a deep understanding of markets, pricing, and more generally strategic behavior as the foundation for any application to industry.

RESOURCE PERSONS:

Prof. Arghya Ghosh, Professor in the Business School, School of Economics, University of New South Wales, Australia.

Prof. Krishnendu Ghosh DastidarProfessor of Economics, Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi.

Dr. Gaurav Jakhu, Assistant Professor in Economics, Indian Institute of Management Bangalore (IIMB) and IIMB Young Faculty Research Chair.

Prof. Mousumi Dutta, Professor, Department of Economics, Presidency University.

Prof. Zakir Husain,Professor, Department of Economics, Presidency University.

COURSE OUTLINE:

Module 1: Conceptual background to market structures [Prof. Arghya Ghosh, UNSW]

Unit 1: Technology, costs and supply dimensions

Unit 2: An introduction to imperfect competition

Module 2: Game theory and oligopoly [Prof. Krishnendu Ghosh Dastidar, CESP, JNU]

Unit 1: Introduction to Game Theory

Unit 2: Static Games of Complete Information

Unit 3: Dynamic Games of Complete Information

Module 3: Designing strategies to capture market

Unit 1: Product differentiation [Prof. Arghya Ghosh, UNSW]

Unit 2: Pricing strategies [Prof. Zakir Husain & Prof. Mousumi Dutta, PU]

Module 4: Network Effects and Digital Markets [Prof. Gaurav Jakhu, IIMB]

Unit 1: Network effects

Unit 2: Economics of a multi-sided platform

Wrapping Up [Prof. Arghya Ghosh, UNSW]

TARGET GROUP:

The program is primarily intended for young faculty, research scholars, postgraduate students and advanced undergraduate students of Economics, Statistics, Engineering and Management.

PREREQUISTE:

While there is no strict prerequisite, having attended a preliminary course in Microeconomics and basic knowledge of Game Theory is desirable.

COURSE DATES & TIMINGS:

The course will be offered from mid-September 2024, and will end in November 2024. There will not be any lectures during the Durga Puja and Diwali period. Class timings will be mostly weekends, with a few classes also in late evening on weekdays. A tentative schedule is also given in this brochure.

APPROACH:

The program, comprising of 30 hours, will be entirely held online. Lectures will be delivered by experts in the field from India and abroad.

MODE OF PEDAGOGY:

The course will be conducted in an online mode. Zoom and Google Meet will be used by the resource persons. The duration of each lecture will be 2 hours.

EVALUATION:

Periodic assignments will be held to evaluate the pickup of participants.

CERTIFICATION:

The course will be treated as a “Non-degree registered course” with 2 credits . On successful completion, participants will be given certificates of completion.

APPLICATION PROCESS:

Interested forms should apply by filling in the Google form . The form will be kept open till 23:59 hours on 31.07.2024.

Link for application: Apply Online

Registered persons will be asked to pay the fees of Rs. 7,300/= (inclusive of GST @ 18%) through the SBI Collect portal. The link will be provided in the University portal.

Interested persons may email to zakir.econ@presiuniv.ac.in or mousumi.econ@presiuniv.ac.in for further information.

Brochure

Sd/-
Prof. Zakir Husain & Prof. Mousumi Dutta
Course coordinator