Note from June 29, 2020
Although we do not yet know how long the social distancing related to the Covid-19 pandemic will last, and regardless of the changes that had to be made in the evaluation of the June 2020 session in relation to what is provided for in this learning unit description, new learnig unit evaluation methods may still be adopted by the teachers; details of these methods have been - or will be - communicated to the students by the teachers, as soon as possible.
Although we do not yet know how long the social distancing related to the Covid-19 pandemic will last, and regardless of the changes that had to be made in the evaluation of the June 2020 session in relation to what is provided for in this learning unit description, new learnig unit evaluation methods may still be adopted by the teachers; details of these methods have been - or will be - communicated to the students by the teachers, as soon as possible.
5 credits
30.0 h
Q1
Teacher(s)
Van Hecke Elisabeth;
Language
English
Prerequisites
Industrial organisation : price and non-price strategies in imperfectly competitive markets under perfect and imperfect information
Main themes
Goals and instruments of the European competition policy
Economic analysis of art. 101 (collusion and cooperative agreements)
Economic analysis of art. 102 (abuses of dominant positions)
Economic analysis of the merger regulation
Economic analysis of art. 101 (collusion and cooperative agreements)
Economic analysis of art. 102 (abuses of dominant positions)
Economic analysis of the merger regulation
Aims
At the end of this learning unit, the student is able to : | |
| 1 |
Learning outcomes : - Knowledge of the European competition policy - Knowledge of the theoretical economic approach of pricing and non-pricing strategies - Understanding the links between the economic thinking and the evolution in the implementation of competition law, getting an overview of the controversies among competition economist scholars Competences : - ability to develop an interdisciplinary approach in analysing abuses of dominant position - ability to discuss the landmark case law on abuses of dominant position and identify the impact of economic theory on the judicial reasoning. - ability to transfer economic concepts into practical application to legal cases - ability to use theoretical economic analysis to criticise the implementation of competition law and to propose improvements |
The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.
Content
The language of the course is English.
The goal of ths course is to understand how economics (both theory and empirical analyses) contributes to antitrust policy.
The following topics will be covered during the course:
- the goals of competition policy
- assessing market power and dominance
- the relevant market
- too high and too low prices
- predatory pricing and margin squeeze
- discriminatory pricing and rebates
- horizontal agreements and vertical restraints in digital markets
The goal of ths course is to understand how economics (both theory and empirical analyses) contributes to antitrust policy.
The following topics will be covered during the course:
- the goals of competition policy
- assessing market power and dominance
- the relevant market
- too high and too low prices
- predatory pricing and margin squeeze
- discriminatory pricing and rebates
- horizontal agreements and vertical restraints in digital markets
Teaching methods
Methodology: confront economic theory with European case law in plenary sessions, case studies presentations and informal discussions on documents published by the competition authorities or on the content of assignments submitted by students
Students are expected to read literature on the different subjects as well as legal cases and/or guidelines documents explaining how the antitrust authority intends to implement the competition policy.
For some classes, students are requested to prepare exercises which are then discussed in class
Class discussion around cases prepared by students is also used for improving their ability to evaluate cases
Students are expected to read literature on the different subjects as well as legal cases and/or guidelines documents explaining how the antitrust authority intends to implement the competition policy.
For some classes, students are requested to prepare exercises which are then discussed in class
Class discussion around cases prepared by students is also used for improving their ability to evaluate cases
Evaluation methods
Grading is based on homework assignments during the semester (30%) and on a final closed-book exam (70%). The homeworks count only once whilst you are allowed to present the final exam twice during a single academic year. This means that if you fail at the first occasion (in January), the weight attached to the final exam becomes 100%.
For group's work, a differentiated grade might be applied to members of a group in case of significant differences in involvement/quality.
For group's work, a differentiated grade might be applied to members of a group in case of significant differences in involvement/quality.
Other information
Prerequisite: LECON2370 (Industrial organisation and corporate strategy).
The course uses and extends the theoretical basis presented in LECON2370.
The course uses and extends the theoretical basis presented in LECON2370.
Online resources
Slides, exercises, readings (compulsory and recommended) are available on the course webpage on Moodle.
https://moodleucl.uclouvain.be/
https://moodleucl.uclouvain.be/
Bibliography
available on the webpage of the course on Moodle
Faculty or entity
ECON
