Industrial organisation

Course content: Market concentration Basic non-cooperative game theory Tactical decisions with respect to what and how much to supply Tactical decisions with respect to prices and tacit collusions Strategic decisions in order to avoid or limit competition Product differentiation and advertising Technological change and research and development Vertical integration and vertical relationships Antitrust laws Regulation and deregulation

Learning outcome:

Knowledge:

• Master the terminology of the subject
• Acquire general knowledge of modern industrial economics theory
• Acquire in-depth knowledge about various conditions for efficient organization of business relationships
• Acquire in-depth knowledge of strategic interaction between firms operating in imperfect markets
• Acquire knowledge of different types of industrial and competition policy

Skills:

• Be able to analyze problems within industrial organization by using relevant models
• Be able to analyze how different types of policy (industrial and competition policy) will influence the behaviour of firms
• Be able to discuss different types of applications of imperfect market models
• Be able to discuss different applications of industrial economic models
• Be able to apply general industrial economic knowledge in relation to different industries

Competence:

• Be able to view the topics of this course in a larger business/economic professional perspective
• Be able to view the topics of this course in a larger social perspective
• Be able acquire updated knowledge within the above mentioned areas of knowledge and skills

Teaching methods: Lectures, case discussions