Industrial Economics - WGMS7028

Goal(s)

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(s)

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 Vertical chains and vertical relationships
II Product differentiation
IIa vertical differentiation
IIb horizontal differentiation
IV Platforms
V Networks
VI Innovation and R&D
VII some econometrics for economists

Basic Economics course or any other basic economics lecture