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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 | | Toute l'année | | 4 |
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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 economy studies industries and markets and in particular how companies are competing with each other. The focus is on situations where firms interact strategically. Typically industries where we find a few companies and where decisions of a firm (price, advertising, product positioning, etc.) affect the profits of the industry as a whole.
The course of industrial economy uses the concepts and tools of microeconomics. The course is issue rather than methodology driven and will be extensively illustrated by examples.
Course plan. The course is divided into six parts. For each part, we mention an application that will be addressed during the course.
1. Form perfect competition to monopoly
Understanding electricity liberalization.
2. Oligopoly
Why in times of crisis, do steel producers shut down their production units?
3. Acquiring market power: price and other strategies
Why Microsoft has been condemned by the European Commission?
4. Entry and exit
What are the criteria used by competition authorities to assess a merger?
5. Technology, R & D and patents
Should pharmaceutical companies collaborate in the development of a vaccine?
6. Network industries
Why is Blu-Ray successful and the HD-DVD not? |
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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 : | Main reference:
- Introduction to industrial organization, L. Cabral, 2000, MIT Press.
Additional references
- 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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