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| ECON2262-1 | Industrial organization
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| Duration : | 30h Th |
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| Number of credits : |
| Master degree in Economics, research focus, 1st year | | 5 |
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| Master degree in Economics, teaching focus, 1st year | | 5 |
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| Master degree in Economical Sciences, Professional Focus in Economic Policies and Analysis, 1st year | | 5 |
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| Master degree in Economics, professional focus in Economics and Finance, 1st year | | 5 |
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| Master degree in Economics, professional focus in Economic Analysis and Public Governance, 1st year | | 5 |
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| Master degree in Business Engineering, professional focus in Supply Chain Management, 2nd year | | 5 |
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| Master degree in Economics | | 5 |
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| Lecturer : | Axel Gautier |
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Language(s) of instruction :
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| English language |
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Organisation and examination :
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| Teaching in the second semester |
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Course contents :
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| The course of industrial organization focuses on strategic interaction between firms and in particular on those interactions taking place on markets. The objective is a better understanding of both the firms' strategies and the market functioning. This industrial organization course blends economic theory with real-world applications.
The course is organized in three parts
Part 1. Oligopoly theory
In this part, we will review the main models of oligopoly competition and to present the tools to measure market power
Part 2. Strategies to increase market power
Firms develop many strategies to increase their market power. In this second part, we will discuss these strategies including product differentiation, non-linear pricing, mergers, vertical relations, e.t.c.
Part 3. Economics of the internet
In the internet sector is particular because goods are dematerialized and network effects are important. For these reasons, the internet sector is now concentrated with few internet giants competing on many different markets. In this third part, we will use the instruments of the industrial economy to study the main challenges of the economics of the internet. |
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Learning outcomes of the course :
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| Intended Learning Outcomes addressed by the courses :
- Strengthening knowledge and understanding of basic management disciplines in order to use them to perform a rigorous analysis of a management situation and provide pertinent solutions
- Ability to speak 2 foreign languages: C1 in English and B2 in one other language
- Understanding and being capable of using modelization methods when seeking a solution for a concrete management problem
- Providing concrete solutions to a management problem, integrating a dimension of technology, innovation or production
- Developing a critical sense (arguing)
- Developing a transversal, global vision
- Professional capacity for written communication
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Prerequisites and co-requisites/ Recommended optional programme components :
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| Micro-economy & Notions of calculus |
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Planned learning activities and teaching methods :
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Mode of delivery (face-to-face ; distance-learning) :
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| Class (2h/week)
Homework |
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Recommended or required readings :
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| Reference
Belleflamme and Peitz, Industrial Organization: Markets and Strategies, Cambridge University Press, 2010 |
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Assessment methods and criteria :
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| Exam: 2/3 of the final mark
Individual work: 1/3 of the final mark
Relative weighting of the individual evaluation: 100% |
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Work placement(s) :
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Organizational remarks :
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Contacts :
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| Lecturer: Axel GAUTIER
Email: agautier@ulg.ac.be
Office I.49, BAT B31(ST)
Tel: 04/366.30.53 |
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