The course will cover the course will deal with: a) the so-called Political Economy, i.e. the study of the interaction between institutions, political organizations and the working of the economic system; b) the Economics of media markets, i.e. the study of how media markets function; c) the so-called Political Economy of the Media, i.e. how media markets affect the political process (and hence economic policies) and vice versa; d) the Regulation of Media Markets.
Alcuni capitoli di:
Belleflamme e Peitz, 2010, Industrial Organization: Markets and Structure, CUP.
Feldstein M. and A.J. Auerbach (eds.), 2002, Handbook of Public Economics, Elsevier.
Anderson S., D. Stromberg, and J.Waldfogel (eds.), 2015, Handbook of Media Economics, Elsevier.
Understanding of the relationship between economic policy, the media market, the political process and regulatory interventions.
Before exploring the functioning of media markets the basics of standard oligopolistic models of product differentiation will need to be recalled.
Lectures. Possibly presentations by students.
Two or three guest lectures are expected.
Type of Assessment
Written exam for the first two exam dates after the course (December, January and February). Oral exam thereafter. Depending on the number of students taking the course, students may be assessed on a class presentation in addition to the final written exam. In that case, the final grade will be the weighted average of the grades of the class presentation and of the written exam, with the class presentation weighting 1/3. Students will be able top choose between English and Italian for the final exam, irrespective of whether the latter is written or oral.