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| ECON0207-1 | Industrial Economics
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| Duration : | 30h Th, 15h Pr |
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| Credits/ECTS : |
| Master in Aerospatial Engineering, in-depth approach, 2nd year | | Premier quadrimestre | | 5 |
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| Master in Electro-mechanical Engineering, Teaching Focus, 2nd year | | Premier quadrimestre | | 5 |
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| Master in Mechanical Engineering, in-depth approach, 2nd year | | Premier quadrimestre | | 5 |
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| Bachelor in economical and in management sciences, 3rd year | | Premier quadrimestre | | 4 |
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| Bachelor in business engineering, 3rd year | | Premier quadrimestre | | 4 |
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| Bachelor in management sciences, 3rd year | | Premier quadrimestre | | 4 |
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| One-year preliminary programme leading to the Master in Economical Sciences, general orientation | | Premier quadrimestre | | 5 |
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| Holder(s) : | Axel Gautier |
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| Language : | Langue française |
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| Course contents : | Industrial economics studies competition between firms and the strategies that firms undertake to acquire or increase their market power. For example, investing in R&D, merger or the pricing policy.
The industrial economics class uses the instruments developed in the micro class. The course will be based on economic models and will be illustrated by numerous examples.
Course outline:
1. From perfect competition to monopoly
Regulated monopoly and market liberalization
2. Oligopoly
3. Acquiring market power: price and non-price strategies
Prices, vertical relations, advertising, product differentiation
4. Entry and exit
Predatory pricing, barriers to entry
5. Technology, R&D and patents
6. Network industries (telecommunication, airlines) |
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| Prerequisites : | A microeconomy course |
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| Workshops : | Peridical exercices will be organised for this course. |
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| Written notes : | Reference manuals
- Introduction to industrial organization, L. Cabral, 2000, MIT Press.
- Industrial Organization: Theory and Applications, O. Shy, 1996, MIT Press.
- The theory of industrial organization, J. Tirole, 1988, MIT Press.
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| Assessment : | Written exam |
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| Contacts : | Lecturer: Axel GAUTIER Université de Liège Contact: agautier@ulg.ac.be
Bureau I.49, BAT B31
Tel: 04/366.30.53
Assistant: Mickaël HILIGSMANN Université de Liège Contact M.Hiligsmann@ulg.ac.be
04/366.31.95 |
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