2013/2014
KAN-AEF_AE50 Inter-firm Relations: Industrial
Organization
| English Title |
| Inter-firm Relations: Industrial
Organization |
|
|
| Language |
English |
| Exam ECTS |
7.5 ECTS |
| Type |
Mandatory |
| Level |
Full Degree Master |
| Duration |
One Semester |
| Course period |
Autumn |
| Time Table |
Please see course schedule at e-Campus |
| Study board |
Study Board for MSc in Economics and Business
Administration
|
| Course
coordinator |
- Tat Kei Lai - Department of Economics
(ECON)
|
| Main academic
disciplines |
- Economics, macro economics and managerial
economics
|
|
Last updated on
02-07-2013
|
| Learning objectives |
This course analyses different
relationships between the firm, its competitors, its suppliers and
its customers. The importance of the course for students derives
from the fact that price is one of the most important decision
variables for a firm. A deep understanding of how different modes
of competition affect firm’s optimal pricing strategy is thus
indispensable knowledge to the astute analyst. In addition future
managers should understand how they influence the mode of
competition via, for example, product positioning, or investments
in capacities. Further, suppliers of primary inputs, intermediate
products, manufacturers, wholesale distributors and retailers need
to understand the nature of their vertical relations in order to
optimise their supplier-customer relationships.
Upon completion of the course:
- Students should understand the meaning of basic game-theoretic
concepts and they should be able to apply them to strategic
situations.
- They should be familiar with and understand the theoretical
models of industrial organization covered in the course.
- They should know the basic empirical approaches to test certain
models of industrial organization.
- They should be able to apply the taught theoretical models of
industrial organization to real world situations. The latter
implies mathematical calculations as well as producing consistent
verbal arguments.
|
| Examination |
|
Inter-firm
Relations: Industrial Organization:
|
| Examination form |
Written sit-in exam |
| Individual or group exam |
Individual |
| Assignment type |
Written assignment |
| Duration |
4 hours |
| Grading scale |
7-step scale |
| Examiner(s) |
Internal examiner and external examiner |
| Exam period |
December/January and February |
| Aids allowed to bring to the exam |
Limited aids, see the list below and the exam
plan/guidelines for further information:
- Allowed calculators
- Allowed dictionaries
|
| Make-up exam/re-exam |
Same examination form as the ordinary exam
If the number of registered candidates for the make-up
examination/re-take examination warrants that it may most
appropriately be held as an oral examination, the programme office
will inform the students that the make-up examination/re-take
examination will be held as an oral examination
instead.
|
Description of the exam
procedure
Allowed exam aids are language
dictionaries and Texas Instruments TI-30X IIS (solar), Texas
Instruments TI-30X IIB (battery), TI-30X IIS/IIB, TI-30XS MultiView
and TI-30XB MultiView).
|
|
| Course content and
structure |
|
We will discuss how firms price their products in markets with
varying fierceness of competition, how they use non-pricing
strategies such as product differentiation, vertical relations,
mergers, as well as entry and exit of firms.
The course builds on microeconomics. It gives an overview of
modern industrial organizations and, with its focus on inter-firm
relations, it complements AE40 Corporate Governance which is
focused on the intra-firm relations.
|
| Teaching methods |
| Lectures mixed with
exercices. |
| Expected literature |
|
Preliminary literature.
Pepall, Lynne, Dan Richards and George Norman (2008). Industrial
Organization, Contemporary Theory and Empirical Applications. 4th
Edition, Blackwell Publishing: Malden, Oxford and
Victoria.
|
Last updated on
02-07-2013
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