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.

Contact Oliwia KURTYKA

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 interactions between economic firms. They are expected to conduct critical analysis of the hypotheses underlying 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

Prerequisites

Basic Economics course or any other basic economics lecture

Tests

Semester 7 - The exam is given in english only

CC = Continuous assessment (Multiple Choice Questions tests, work team, case study, etc.)
E1 = Final oral or written exam from the 1st exam period
E2 = Final oral or written exam from the 2nd exam period
N1 = Final mark from the 1st exam period
N2 = Final mark from the 2nd exam period
***********************************
N1 = 1/3 (note CC)+2/3 E1

Additional Information

Semester 7 - This course is given in english only

Course list

Curriculum->Master GI SIE program->Semester 7

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