Duration
30h Th
Number of credits
Lecturer
Elias Carroni, Axel Gautier, Lam Wynne
Language(s) of instruction
English language
Organisation and examination
Teaching in the first semester, review in January
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
The course of industrial organization in the digital economy 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 will focus on applications to the digital economy
Course overview
- Introduction, oligopoly theories (Bertrand, Hotelling, vertical differentiation, Cournot...)
- Switching costs, network effects, compatibility
- Multi-sided platforms (basics), price discrimination
- Competition and consumer policy
- Cybersecurity
- Price discrimination
- Strategies on neworks
- Asymmetric information, reputation and intermediation
Vertical relations
Learning outcomes of the learning unit
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
Prerequisite knowledge and skills
Micro-economy & Notions of calculus
Planned learning activities and teaching methods
Mode of delivery (face-to-face ; distance-learning)
Classes given by two invited lectures -- exercices during the classes and contact with local teacher and assistant
Recommended or required readings
Reference Belleflamme and Peitz, Industrial Organization: Markets and Strategies, Cambridge University Press, second edition, 2015
Assessment methods and criteria
Final exam
Relative weighting of the individual evaluation: 100%
Work placement(s)
Organizational remarks
The course is organized within the context of the International Fortnight program of HEC Liège - Management School of the University of Liège that aims to welcome visiting faculty from highly reputed foreign academic institutions to teach in their area of expertise and collaborate with HEC Liège faculty, staff, and students in research and other academic activities.
The course is organized during the first two weeks of the semester.
There will be a session every morning during those weeks.
The course is given in English.
Students are wanted to participate in all the sessions
Contacts
Lecturers
Guest lectures
Wynne Lam (University of East Anglia)
Elias Carroni (University of Bologna)
Local lecturer
Axel GAUTIER
Email: agautier@ulg.ac.be
Office I.49, BAT B31(ST)
Tel: 04/366.30.53
Teaching assistant: Iman Salem (Email: iman.salem@uliege.be)
Adaptation of teaching commitments following the COVID-19 pandemic for the May-June 2020 session
Teaching methods implemented : distance-learning
Assessment subjects
Assessment methods
Contacts
Adaptation of teaching commitments following the COVID-19 pandemic for the Aug-Sept 2020 session
Assessment subjects
Same as in January
Assessment methods
Same format as in January. Students will receive the exam and have to upload their answers.