Industrial Economy

Teacher(s)

Grandjean Gilles;

Language

French

Prerequisites

The prerequisite(s) for this Teaching Unit (Unité d’enseignement – UE) for the programmes/courses that offer this Teaching Unit are specified at the end of this sheet.

Learning outcomes

At the end of this learning unit, the student is able to :

The course aims to introduce students to the analysis of business strategies and the regulation of imperfectly competitive markets. In order to do so, they will develop the main models of oligopoly and situate them in the context of European industrial organization issues, particularly in relation to competition law.

Content

1. Firms, consumers and the market
2. Market power: static and dynamic analysis
3. The sources of market power
a. Product differentiation
b. Advertising and marketing
4. Price discrimination
5. Competition policy
a. Cartels and tacit collusion
b. Horizontal and vertical mergers
6. Innovation, R&D and intellectual property

Teaching methods

Video clips cover the theoretical material. They are provided at the beginning of the year. During the course, students ask questions about the videos, and solve a series of exercises and sample exam questions.

Evaluation methods

Written exam.

Bibliography

Paul Belleflamme and Martin Peitz, 2015. Industrial Organization: Markets and Strategies, 2nd edition. Cambridge University Press.

Faculty or entity

ESPB