Download European Industrial Economics Jan Bouckaert

European Industrial Economics
Jan Bouckaert
European Economic Studies
compulsory course, first semester, 4 ECTS, 25 h. (15 h.)
This course introduces students to how modern industrial economics regards the
way firms compete with each other. In particular, an important aim of this course
is that students have the capability to understand, at a general level, how and
why profit-maximizing firms strategically behave the way they do
The course will be based on the book "Industrial Organization: Markets and
Strategies", Cambridge University Press, 2010, by Paul Belleflamme and Martin
Peitz. In addition, the set of slides are a fundamental part of the course, as well
as the additional texts that will be distributed.
Students following the European Law and Economic Analysis Option (ELEA) will
only follow subjects 1, 2 and 4 of the course (15 h)
Content (subject to changes):
1. What is "Industrial Economics?"
•
The firm
•
Games and strategy
2. Oligopoly
•
Static imperfect competition
•
Dynamic imperfect competition: collusion
•
Entry and exit: imperfect competition and strategic behaviour
3. Price and nonprice strategies
•
Price discrimination and applications
•
Vertical relations
•
Product differentiation models
4. Mergers
5. Two European markets
•
Mobile telephony
•
Electricity