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2013/2014  KAN-CMJ_I70  Advanced EU Competition Law and Industrial Economics

English Title
Advanced EU Competition Law and Industrial Economics

Course information
Language English
Exam ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration One Semester
Course period Spring
Changes in course schedule may occur
Wednesdays 11.40-13.20, weeks 6-12,14
Thursdays 11.40-13.20, weeks 6-12,14
Time Table Please see course schedule at e-Campus
Study board
Study Board for BSc/MSc in Business Administration and Commercial Law, MSc
Course coordinator
  • Björn Lundqvist - Law Department (LAW)
  • Peter Møllgaard - Department of Economics (ECON)
Coordinating secretary: Susie Lund Hansen - slh.jur@cbs.dk
Main academic disciplines
  • Business Law
  • Economics, macro economics and managerial economics
Last updated on 23-10-2013
Learning objectives
The aim of this course is to conduct a deepened examination of the legal rules of EU Competition Law taking into account the underlying economic principles and wider policy issues. The aim is to enable the students to:
  • obtain a comprehensive knowledge of fundamental competition law areas
  • be able to identify and explain the basic legal concepts of the subject area
  • select, formulate and discuss examples that are sufficiently complex to reflect current antitrust problems facing companies
  • identify legal issues in concrete examples, and to argue and propose measures to meet legal requirements
  • explain the economic substance of basic industrial economic concepts that are applicable in a competitive economy such as market power, welfare, tacit collusion, vertical restraints, and mergers
  • describe and rationalize the main assumptions of competitive economic models such as Cournot model, Bertrand model with differentiated products, multiple (or dynamic) games, and the basic monopoly model
  • illustrate the contents of such models graphically and perform simple analyzes such as related to a given competitive economic problem
  • assess how a given competitive situation needs to be analyzed economically.
  • identify legal and economic problems in concrete examples, legally argue for the settlement of these problems involving economic theory to illustrate the problems or their preferred solutions.
Course prerequisites
Some knowledge in Competition/Antitrust law and/or Industrial Economics is desirable.
Examination
Advanced EU Competition Law and Industrial Economics:
Examination form Oral Exam
Individual or group exam Individual
Duration 20 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Preparation time No preparation
Grading scale 7-step scale
Examiner(s) Internal examiner and second internal examiner
Exam period Spring Term and Spring Term, week: 16: Thursday 19. April and/or Friday 20. April
week: 17: Thursday 26 April and/or Friday 27. April
Make-up exam/re-exam
Same examination form as the ordinary exam
Course content and structure
EU competition law plays today a central role in society and in the everyday life of many companies and legal and economic practitioners. The aim of this course is to conduct a deepened examination of the legal rules of EU Competition Law taking into account the underlying economic principles and wider policy issues. Students will upon completion of the course have sufficient understanding of the subject to practice and research in the field. The course concentrates on the foundations for the system of rules, consisting of Articles 101 and 102 of the EU Treaty and the Merger Regulation, which together are enforced in order to ensure that ‘effective competition’ prevails in EU markets. These legal sources regulate much business activity using a complex balancing test to determine whether such activity is lawful competition or unlawful anti-competitive conduct.
The industrial economic theories crucial for understanding the reasoning behind competition law will be analyzed and discussed, in particular the theories which are used to change the content of the current legal doctrine. Thus, the general industrial economy theories on the sources of market power, the definition of the relevant market, horizontal agreements and mergers, predation and abuse of dominance will be scrutinized.

There will be lectures, where students are expected to participate actively, and case-based teaching.
Teaching methods
There will be lectures, where students are expected to participate actively, and case-based seminars/lectures.
Student workload
Lectures 32 hours
Preparations for lectures 102 hours
Presentations 15 hours
Preparations for the exam 57 hours
Expected literature

Course material

Brenda Sufrin (2010) EU Competition Law – Texts, Cases & Materials, 4 udg., Oxford University Press, in addition to selected cases and articles.
Massimo Motta (2004) Competition Policy – Theory and Practice, Cambridge University Press.

Bruce Lyons (Ed.) (2009) Cases in European Competition Policy – The Economic Analysis, Cambridge University Press
Last updated on 23-10-2013