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.
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
Basic Economics course or any other basic economics lecture
Final mark= exam on case of online teaching, the exam is online as well
The exam is given in english only
The course exists in the following branches:
Curriculum - Master GI SIE program - Semester 7 (this course is given in english only )