Industrial Economics

Most markets are characterised by imperfect competition. In markets with few firms, there is a scope for strategic interaction between the firms. Irreversible investments give a smaller degree of competition in the short run than in the long run. The course includes different theoretical models and empirical analyses for markets with imperfect competition. The implications of the models for how the competition policy can secure social optimal adjustment are discussed.

The course should give the students insight into the choice of strategies for firms, interactions in markets, and competition policy, including the relationship between private and social optimum.

4 hours of lectures every week. One compulsory term paper. The course is an optional master's course, and is not taught every semester. Check www.ntnu.edu/econ.