ISCTE-IUL > Education > MEMF

Industrial Dynamics and Capital Markets (2 º Sem 2017/2018)

Code:	M8659
Acronym:	M8659
Level:	2nd Cycle
Basic:	No
Teaching Language(s):	Portuguese
Friendly languages:

Be English-friendly or any other language-friendly means that UC is taught in a language but can either of the following conditions:
1. There are support materials in English / other language;
2. There are exercises, tests and exams in English / other language;
3. There is a possibility to present written or oral work in English / other language.

Semester	ECTS Credits	Theoretical Lesson (T)	Theoretical and Pratical Lesson (TP)	Practical and laboratorial lesson (PL)	Seminary (S)	Field Work (TC)	Training Period (E)	Tutorial Orientation (OT)	Contact Hours	Autonomous Work	Others (O)	Total Load Hours [?]Contact Hours + Autonomous Work
1	6.0	0.0 h/sem	24.0 h/sem	0.0 h/sem	0.0 h/sem	0.0 h/sem	0.0 h/sem	1.0 h/sem	25.0 h/sem	125.0 h/sem	0.0 h/sem	150.0 h/sem


Since year	2017/2018
Pre-requisites	None.
Objectives	Understanding the key factors affecting the evolution of industries and their impact on capital markets.
Program	1. Analysing the industry: an integration of models of analysis 2. From the industry to the market: measures of concentration 3. Theory of the firm: review of several perspectives 4. Competition law and regulation 5.Firms´ boundaries and goals 5.1. Productive efficiency 5.2. Vertical integration 5.3. Product diversification 5.4. Incentives and agency 5.5. Mergers and acquisitions 6. External environment, competition and competitive advantage: 6.1 Industries, the business cycle and the stock market 6.2. Competition and competitive advantage 7. Analysis of key industries of the Portuguese and European economy
Evaluation Method	The student´s assessment uses the types of exams ("frequência" and "exames") and evaluation dates ("1.ª e 2ª épocas") in ISCTE´s evaluation regulations. In the "1.ª Época", the student can choose between: - Continuous evaluation: Take-home team work (30%), midterm-exam (30%), and exam ("frequência") (40%). - Final exam (100%).
Teaching Method	The module uses the following teaching methods: - Lectures to present the theoretical frameworks. - Participative classes, with analysis and resolution of exercises - Active, related with team work - Self-study related to the student's independent work, as set out in the planning of classes. Self-study and the team work involve the analysis of academic papers - Tutorials, namely in the office hours.
Observations	Office hours: to be defined.
Basic Bibliographic	Besanko, D., Dranove, D., Shanley, M. e Schaefer, S. (2012). Economics of Strategy, NJ: Wiley. 6th Edition. Bodie, Z., Kane, A., Marcus, A. (2010), Investments, 9th Edition, Mc-GrawHill/Irwin
Complementar Bibliographic	Banco de Portugal (2010), "Estrutura e dinâmica das sociedades não financeiras em Portugal", Estudos da Central de Balanços, Dezembro. Caraça, J., Lundvall, B.-A., Mendonça, S. (2009), "The changing role of science in the innovation process: From Queen to Cinderella?", Technological Forecasting and Social Change, 76, 861-867. Dennis W. Carlton and Jeffrey M. Perloff, Modern Industrial Organization, Fourth Edition, Pearson Fagerberg, J. (2006), "Innovation: A guide to the literature", The Oxford Handbook of Innovation, Edited by Fagerberg et al., Oxford University Press. Geroski, P. (2003), The Evolution of New Markets. New York: Oxford University Press. Klepper, S. (1997), "Industry Life Cycles", Industrial and Corporate Change. 6(1):145-81. Malerba, F. (2006), "Sectoral systems: How and why innovation differs across sectors", The Oxford Handbook of Innovation, Edited by Fagerberg et al., Oxford University Press. Mata, José (2012), Economia da Empresa, Fundação Calouste Gulbenkian. Leão, Pedro (2011), Economia dos Mercados e da Empresa, Escolar Editora. Williamson, O. E. (2009),"Transaction cost economics: the natural progression", Nobel Prize lecture, December 8. Relatórios sectoriais da Economist Intelligence Unit.