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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