Master's degree in Corporate Law and Economics (until 2008-2009)

Course not running

Industrial Economics

Course code
Name of lecturer
Angelo Zago
Number of ECTS credits allocated
Academic sector
Language of instruction
1st semester dal Oct 2, 2006 al Dec 19, 2006.

Lesson timetable

Learning outcomes

The course analyzes firms’ problems, in particular their interactions with the owners, the management, the workforce, and the input providers, starting from real world problems. The major objective of the course is to prepare the students to the critical assessment of these economic situations and the related economic policies. We analyze firms’ choices using microeconomic and asymmetric information tools. We thus will use an analytical approach, with a special emphasis on strategic interactions. This is a course of applied microeconomics aimed at students working in Management and Accounting, who will be working in consulting, management and organizational positions in small and medium enterprises. Therefore the exposition of the different topics will be motivated by case studies, together with the analysis of productive sectors and economic policies, as it is the tradition of Economics Departments in different Business Schools.


- The gains from trade.
- Transaction costs.
- The entrepreneur.
- Property rights.
- Principal and Agent.
- Hierarchies.
- Integration and the visibile hand.
- Corporate governance 1: management incentives.
- Corporate governance 2: the takeover and financial structure.
- Profit-sharing, cooperatives and mutual enterprise.
- Non-profit and charitable enterprise.
- Private and public enterprise: the ownership of business

Reference books
Author Title Publisher Year ISBN Note
CABRAL L. Economia industriale Carocci 2005 8843020943
MILGROM P.-ROBERTS J. Economia, organizzazione e management. Vol. I. Il Mulino 2005 8815106650
Martin RICKETTS The Economics of Business Enterprise. An Introduction to Economic Organization and the Theory of the Firm (Edizione 3) Edward Elgar 2002 1 84376 420 2

Assessment methods and criteria

Consistently with the course contents, the final exam will be a written examination during which the students will be asked to answer some theoretical questions. In addition, the students will be expected to discuss and comment on real world events related to the course contents.

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