APPLIES TO ACADEMIC YEAR 2012/2013
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.
A bachelor degree qualifying for entry to the MSc Programme, GRA 6031 Microeconomics (may be taken in the same term).
Pepall, Lynne, Dan Richards and George Norman. 2008. Industrial organization : contemporary theory and empirical application. 4th ed. Blackwell Publ. Utvalgte kapitler
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 the course homepage/It's learning or text book.