Industrial Economics - WGMS7028
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Number of hours
- Lectures : 24.0
- Tutorials : -
- Laboratory works : 24.0
- Projects : -
- Internship : -
- Written tests : -
ECTS : 3.0
-
Goals
Rationale for the introduction of the module:
To provide an overview of fundamentals of industrial economics (both theoretical and empirical).
To apply the knowledge and economic reasoning to case studies.
The prerequisite for this course : Basic Economics
Method
The lessons are organized as a master level class in economics. They are based on readings of textbooks (before the class) and in class presentations of students and discussions of case-studies with lecturers. The material is both theoretical and empirical, However the real life applications and empirical results will be priviledged.
Content General knowledge
By participating and engaging in this course, students should be better able to analyze, model and solve (when possible) economic problem. Student should be able to propose synthetic survey and analysis of interactions between economic firms. They are expected to conduct critical analysis of the underlying hypotheses in economic models and of their results.
Students should be capable of presenting (oral and written) synthetic analysis of a problem, of demonstrating logical argument, of conducting individual and team work.
Content:
I. Asymmetric Information
1a Adverse selection
1b Moral hasard
II Vertical chains and vertical relationships
III Product differentiation
IIIa vertical differentiation
IIIb horizontal differentiation
IV Platforms
V Networks
VI Creating and Capturng Value
VII Natural monopoly and efficiency
VIII Innovation and R&D
PrerequisitesBasic Economics course or any other basic economics lecture
Tests exam
Final mark= exam
on case of online teaching, the exam is online as well
The exam is given in english only 
Calendar The course exists in the following branches:
- Curriculum - Master GI SIE program - Semester 7 (this course is given in english only
)
see
the course schedule for 2021-2022
Bibliography Belleflame P., Peitz M., Industrial Organization: Markets and Strategies,Cambridge Uni Press 2010
Church J., Ware R.,Industrial Organization: A Strategic Approach, McGraw Hill, 2000 (available online)
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Date of update June 5, 2018