- 1 L'objectif de ce cours est de fournir aux étudiants les connaissances de base de l'économie industrielle (analyse des marchés en concurrence imparfaite).
La contribution de cette UE au développement et à la maîtrise des compétences et acquis du (des) programme(s) est accessible à la fin de cette fiche, dans la partie « Programmes/formations proposant cette unité d’enseignement (UE) ».
Ce cours est enseigné en anglais.
Industrial organization is the study of firms and markets. It focuses on firms’ behavior in imperfectly competitive markets. Such markets appear to be far more common than the perfectly competitive markets that were the focus of your basic microeconomics course. Imperfectly competitive markets are characterized by strategic interaction among firms: firms’ profits depend on the combination of the decisions taken by all firms on the market. Therefore, firms must take this interdependence into account when they make their decisions. In such contexts, we want to understand how firms acquire and use market power. We also want to shed light on government competition policy. This subject will be approached from both theoretical and applied perspectives.
At the end of the course, students should
- have a deep knowledge of the basic models of oligopoly theory,
- understand how or why oligopolistic firms manage to exert market power,
- understand how governments design and apply competition policy,
- be able to apply all these concepts to real-life situations.
Teaching is done by combination of lectures and classes.
- Lectures are given by the professor and are two hours long. There will be 12 lectures (and one online Q&A session). Reading assignments are set during lectures to help you to read around the subject in your own time.
- Classes are given by the teaching assistants and are two hours long. They are given to groups of about 30 students. There will be six classes, which will be devoted to solving problems and discussing case studies. All necessary information (formation of groups, schedule of classes) will be given very soon after the start of the term.
Learning involves your engagement in the above two forms of teaching. By attending the lectures and by reading the corresponding material, you will be exposed to the main theoretical concepts. By working out the solutions to the problem sets and by discussing case studies (through the classes), you will have the opportunity to deepen your understanding of the main concepts and to apply them to real-life situations.
des acquis des étudiants
The course will rely heavily on the required textbook by Paul Belleflamme and Martin Peitz, Industrial Organization: Markets and Strategies (Cambridge: Cambridge University Press, 2015; 1st edition, 2010).
Occasional additional readings (typically news articles) may be posted on the Moodle website.
Students are encouraged to scan the business sections of magazines and newspapers such as The Economist, Wall Street Journal, and Financial Times for articles relevant to the topics covered in the course.