APPLIES TO ACADEMIC YEAR 2016/2017
GRA 1305 Industrial Economics
Responsible for the course
Department of Economics
According to study plan
Language of instruction
The field of Industrial Economics recognizes that most markets are oligopolistic, in which a relatively small number of firms dominate the market. In this course we will be studying strategic interaction among firms in such markets with respect to product development (quality), pricing, R&D and innovation, contracts and localization decisions.
Successful students will gain a comprehensive understanding of the economic principles underlying competitive strategies in the market place. Students will be well acquainted with modern economic modelling framework for analyzing imperfect competition and competition policy. The course emphasizes on teaching students cutting edge research and public policy developments.
GRA 6031 Microeconomics or equivalent
All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have spesific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.
Pepall, Lynne, Dan Richards and George Norman. 2014. Industrial organization : contemporary theory and empirical application. 5th ed. Wiley. Selected chapters
During the course there may be hand-outs and other material on additional topics relevant for the course and the examination.
The course covers topics as:
- Market power and quality and product variaty
- Dymanic games of price competition
- Price-fixing and collusion
- Horizontal mergers
- Competition policy and antitrust
- R&D and innovation
- Contract theory
Learning process and workload
A course of 6 ECTS credits corresponds to a workload of 160-180 hours. Lectures and cases.
Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class that is not included on It's learning or text book.
3-hour written exam
|Form of assessment||Weight||Group size|
|Written examination 3 hours||100%||Individual|
Specific information regarding student assessment will be provided in class. This information may be relevant to requirements for term papers or other hand-ins, and/or where class participation can be one of several components of the overall assessment. Candidates may be called in for an oral hearing as a verification/control of written assignments.
GRA13051 3-hour written examination accounts for 100 % of the final grade in the course GRA 1305.
Examination support materials
BI approved exam calculator
Peter Berck og Knut Sydsæter. 1993. Economists' Mathematical Manual. 2nd ed. Berlin: Springer Verlag
Permitted examination support materials for written examinations are detailed under examination information in the student portal @bi. The section on support materials and the use of calculators and dictionaries should be paid special attention to.
It is only possible to retake an examination when the course is next taught. The assessment in some courses is based on more than one exam code. Where this is the case, you may retake only the assessed components of one of these exam codes. All retaken examinations will incur an additional fee. Please note that you need to retake the latest version of the course with updated course literature and assessment. Please make sure that you have familiarised yourself with the latest course description.
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