2015/2016
BA-BINBO1138U Industrial Organisational Analysis
| English Title |
| Industrial Organisational
Analysis |
|
|
| Language |
English |
| Course ECTS |
7.5 ECTS |
| Type |
Mandatory |
| Level |
Bachelor |
| Duration |
One Quarter |
| Start time of the course |
Third Quarter, Spring |
| Timetable |
Course schedule will be posted at
calendar.cbs.dk |
| Study board |
Study Board for BSc in International
Business
|
| Course
coordinator |
- Marcus Asplund - Department of Economics
(ECON)
|
| Main academic
disciplines |
|
|
|
Last updated on
09/10/2015
|
| Learning objectives |
To achieve the grade 12, students
should meet the following learning objectives with no or only minor
mistakes or errors: After having attended the course the students
should be able
- to explain the theoretical models of industrial organization
covered in the course,
- to describe the basic empirical approaches in order to test
certain models of industrial organization,
- and to apply the taught theoretical models of industrial
organization to real world industries and firms in order to analyze
markets and/or firm strategies.
- The latter implies pursuing mathematical calculations, using
diagrammatic representations, as well as producing consistent
verbal arguments.
|
| Course prerequisites |
| Microeconomics |
| Examination |
|
Industrial
Organisational Analysis:
|
| Exam ECTS |
7.5 |
| Examination form |
Oral exam based on written product
In order to participate in the oral exam, the written product
must be handed in before the oral exam; by the set deadline. The
grade is based on an overall assessment of the written product and
the individual oral performance. |
| Individual or group exam |
Individual |
| Size of written product |
Max. 30 pages |
| Assignment type |
Written assignment |
| Duration |
Written product to be submitted on specified date and
time.
20 min. per student, including examiners' discussion of grade,
and informing plus explaining the grade |
| Grading scale |
7-step scale |
| Examiner(s) |
Internal examiner and external examiner |
| Exam period |
Spring and Summer, the regular exam takes place
in March/April. The make-up and re-examination takes place in
August |
| Make-up exam/re-exam |
Another examination form
The Make-up and Re-examination is a
72 hours individual home assignment of max. 10 standard pages, with
external examiner
|
Description of the exam
procedure
Oral individual examination, mainly based on a project report of
25 - 30 pages written by 4-6 students. In the oral exam the student
has to answer questions which should clarify whether and to what
extent he/she understands the arguments in the delivered project
report and whether these arguments make sense. Then each student
has to answer a general question related to the textbook and/or the
class room teaching. Individual grades are based on the project
report and the student’s performance in the oral defence and on
his/her answer to the general question.
Declaration of Authorship must be included in the group
report.
|
|
| Course content and
structure |
|
The students should get an introduction to industrial
organization. They should understand the basic microeconomic models
of industrial organization, such as monopoly theory and oligopoly
theory and their underlying intuitions. They should get acquainted
with some basic concepts of game theory and with theories that
explain collusive behaviour, product differentiation, market entry
and exit, vertical relations and price discrimination. They should
also learn to know empirical regularities around these issues and
empirical approaches which try to identify market structure and the
level of market power in industries.
The theories and empirical approaches will be used in class and
should be used by the students in their projects in order to
analyse the market structure, the type of competition, the level of
market power and the strategies that firms use to maintain their
market power in real world industries from potentially all parts of
the world. In addition the main features of the anti-trust policies
in Europe and in the US will be discussed. If possible we will have
two guest speakers presenting their empirical research with respect
to market power and/or their experience from the inside of an
anti-trust authority.
The taught theory will be practically applied when
discussing small cases in class and by the students in their
supervised projects on certain industries or firms. The course is
related to a business and/or an institutional
setting because the small cases are related to specific
firms and the students will be introduced into the workings of the
anti-trust authorities in the US, the EU and Denmark. A guest
speaker with some work experience in anti-trust authorities will be
invited. The course is also related to international
business and/or economics since the small cases focus on
global strategies of multi-national firms, on global markets and on
national markets in different countries. The teaching will be
research based either by including a session on
the teacher’s own current research or by inviting a guest speaker
who presents his or her research.
|
| Teaching methods |
| Classroom teaching consists of a
mixture of lectures and the discussion of exercises and small
cases. The lectures focus mainly on the theory of industrial
organization whereas the exercises and small cases are mainly
concerned with the application of this theory to virtual or actual
firms and industries. The focus of the students’ projects should be
the application of the theory to actually existing firms and/or
industries. |
| Student workload |
| Lecture hours |
42 hours |
| Class and exam preparation |
183 hours |
|
| Expected literature |
|
Cabral, Luis M. B. (2002), Introduction to Industrial
Organization, MIT Press: Cambridge, Mass., and London (The author
is currently in the process of reviewing his book and if the new
edition is out in time we will use it).
Please note, minor changes may occur. The teacher will
upload the final reading list to sitescape/learn two weeks before
the course starts.
|
Last updated on
09/10/2015
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