GRA 1305 Industrial Organization and Economics Consulting
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.
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
- Optimal pricing with fixed costs (Ramsey-principle)
- Auctions
- Competition law and theory of regulation
- Incentive contracts
- Collusion
- Mergers and acquisitions
- Vertical structure and organizational design
Cases:
- Price discrimination in the grocery market
- Telecommunication and access pricing,
- The market for hydropower and regulation,
- The book market and RPM contracts
- Pricing of port services and the Ramsey principle
- Litigation case: overcharge in the Telecommunications markets
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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.
Covid-19
Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.
Teaching
Information about what is taught on campus and other digital forms will be presented with the lecture plan before the start of the course each semester.
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| Assessments |
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Exam category: Submission Form of assessment: Written submission Invigilation Weight: 100 Grouping: Individual Support materials:
Duration: 3 Hour(s) Comment: Written examination under supervision Exam code: GRA13051 Grading scale: ECTS 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.