GRA 1305 Industrial Organization and Economics Consulting
lndustrial organization (IO) analyses the boundary of firms and the relationship between firms and markets. lndustrial organization constitutes the theoretical underpinning of economics consulting. The purpose of this course is twofold: First to give the students a sound theoretical understanding of the field of industrial economics. Second to demonstrate how the principals of industrial organization are applied within economics consulting, through real world cases. Professionals from the industry will give guest lecturers.
Examples of topics include: incentives and contracts, price discrimination and Ramsey pricing, acquisitions and mergers, auctions, economic implications of the competition law, regulation, and innovation. Cases will be taken from the grocery market, telecommunication, the market for hydro power, public utilities and others depending on the expertise of the instructor.
The aim of this course is to provide a thorough understanding of industrial organization, and of how it is applied within economics consulting. Students are expected to contribute in real-world discussion in each specific case studied in the course.
- Develop a thorough understanding of the principles of industrial organization
- Understand the economic consequences of the competition law
- Understand principles behind governmental regulation
- Develop an ability to use economic theory within economics consulting
Through this course, students should develop an understanding of the relevance of modern economic methodology for companies, and how the methods can be used to improve the companies ' strategic choices.
The course covers topics as:
- Competitive structure and companies' strategic challenges
- Ramsey prising
- Competition law and theory of regulation
- lncentive contracts
- Mergers and acquisitions
- Vertical structure and organizational design
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.
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.
GRA 6031 Microeconomics or equivalent (may be taken in the same semester)
|Exam category||Weight||Invigilation||Duration||Support materials||Grouping||Comment exam|
Form of assessment:
Internal and external examiner
Examination when next scheduled course
|100||Yes||3 Hour(s)||Individual||Written examination under supervision|
|Form of assessment:||Written submission|
|Support materials:|| |
|Comment:||Written examination under supervision|
|Resit:||Examination when next scheduled course|
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.