Required in stage
First term
Second term
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Next year
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Prerequisites
Taught by
Language of instruction
Duration
LevelAdvanced Industrial Economics (B-KUL-D0M47B)
Cannot be taken as part of an examination contractAims
The course provides analytical concepts for analyzing firm behavior in different market structures. The course aims to introduce micro-economic and game-theoretic tools and empirical methods to understand competition and market power. Applications are provided to competition policy.
Previous knowledge
Micro-economics or Introduction to Industrial Organization, Introductory econometrics.
Course material
Text book
Slides, transparencies, courseware
Articles and literature
Is also included in other courses
- Master of Economics (Major 1: General Economics) 60 ects.
- Master of Economics (Major 2: Research in Economics) 60 ects.
- Master of Economics (Major 3: Financial Economics) 60 ects.
- Master in de economische wetenschappen (Major 1: General Economics) 60 ects.
- Master in de economische wetenschappen (Major 2: Research in Economics) 60 ects.
- Master in de economische wetenschappen (Major 3: Financial Economics) 60 ects.
-
Master of Advanced Studies in Economics
60 ects.
- Master in de toegepaste economische wetenschappen (Minor: Economics) 60 ects.
-
Master of Advanced Business Studies
60 ects.
- Master in de toegepaste economische wetenschappen: handelsingenieur (Minor: Economics) 120 ects.
- Master in de toegepaste economische wetenschappen: handelsingenieur (Predoctoral Trajectory) 120 ects.
Activities
6.0 ects. Advanced Industrial Economics (B-KUL-D0M47a)
Content
- Market power (static and dynamic competition)
- Sources of market power (product differentiation, advertizing, consumer inertia)
- Pricing and marketing strategies
- Competition policy (collusion, cartels, agreements)
- Networks and standards
Aims
The course provides analytical concepts for analyzing firm behavior in different market structures. The course aims to introduce micro-economic and game-theoretic tools and empirical methods to understand market power. Applications are provided to competition policy.
Course material
Industrial Organization: Markets and Strategies - Paul Belleflamme and Martin Peitz (Cambridge University Press, 2010)
Evaluation
Evaluation: Advanced Industrial Economics (B-KUL-D2M47b)
Explanation
Determining exam results
* The exam is assessed by the lecturer(s), as announced via Toledo and the examination schedule. The grade is expressed as an integer number between 0 en 20.
* The partial evaluation constitutes 20% of the grade, the final exam constitutes 80% of the grade.
Evaluation third examination period
* During the academic year, a student has 2 chances to complete the exam: a first time during the first or second examination period, in accordance with the scheduled semester, and a second time during the third examination period.
* The evaluation criteria of the third examination period differ from those of the first or second examination period in the following way: During the third examination period (retaking exams) the final assessment only consists of the exam. The (group)assignment is no longer taken into account.
