| 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 and analyze theoretical microeconomic models of firm
behavior and market equilibrium.
- to analyze real world market situations using the theoretical
models covered in the course.
- to model a strategic situation facing a firm using game theory
and use this to devise a consistent and coherent strategy.
- to evaluate the efficiency of free market outcomes and explain
how competition policy may change market
outcomes.
|
| Course prerequisites |
| Microeconomics |
| Examination |
|
Industrial
Organizational Analysis:
|
| Exam
ECTS |
7,5 |
| Examination form |
Written sit-in exam on CBS'
computers |
| Individual or group exam |
Individual exam |
| Assignment type |
Written assignment |
| Duration |
4 hours |
| 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 |
| Aids |
Limited aids, see the list below:
The student is allowed to bring - Non-programmable, financial calculators: HP10bll+ or Texas BA
II Plus
- Language dictionaries in paper format
At all written
sit-in exams the student has access to the basic IT application
package (Microsoft Office (minus Excel), digital pen and paper,
7-zip file manager, Adobe Acrobat, Texlive, VLC player, Windows
Media Player). PLEASE NOTE: Students are not allowed to communicate
with others during the exam :
Read more about exam aids and IT application
packages here |
| 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.
|
|
| 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 covered in class and
should be used by the students 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 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. 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. 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.
|
| 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. |
| Feedback during the teaching period |
Office hours during course period.
Take-home exercises will be discussed in the exercise classes.
Answers to the final exam will be provided in separate session
after grades are distributed.
|
| 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.
|
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