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| ECON0186-1 | Introduction to Industrial Economics
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| Duration : | 30h Th |
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| Language : | Langue française |
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| Course contents : | Description of the course 'Industrial Organization'
Lecturer: Izabela Jelovac (PhD), University of Liège (ijelovac@ulg.ac.be)
Teaching assistant: Mickaël Hiligsmann, University of Liège (M.Hiligsmann@ulg.ac.be)
The course of Industrial Organization (Economie industrielle) is concerned with the behaviour of firms and how they interact with each other in markets where competition is less than perfect. The course focuses on the strategic interactions of firms and the rent seeking strategies they use. We explain how firms' decisions regarding price, advertising, collusion, R&D, etc. can be modelled, the impact of those decisions on the structure and performance of markets and how game theory can be used to enhance our understanding of firms' strategic behaviour.
Program:
I Introduction
II Oligopoly
- 1 Oligopolistic competition
- 2 Collusion
III Price and nonprice strategies
- 1 Price discrimination
- 2 Vertical relations
- 3 Product differentiation
- 4 Advertising
Basic references:
- Introduction to industrial organization, L.M.B. Cabral, 2000, MIT Press.
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| Contacts : | Lecturer: Izabela Jelovac, Université de Liège (ijelovac@ulg.ac.be)
Assistant: Mickaël Hiligsmann, Université de Liège (M.Hiligsmann@ulg.ac.be) |
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