| Responsible Department | Institute of Food and Resource Economics | ||||||||||||||
| Earliest Possible Year | MSc. 1 year | ||||||||||||||
| Duration | One block | ||||||||||||||
| Credits | 7.5 (ECTS) | ||||||||||||||
| Level of Course | MSc | ||||||||||||||
| Examination | Final Examination written examination Written Exam in Lecturehall No aid allowed Description of Examination: 3-hour written examination in course curriculum. During the course the student has to hand in an essay which will be part of the overall assesment Weight: Written examination= 75% Written essay= 25% 7-point scale, no second examiner Dates of Exam: 11 November 2011 | ||||||||||||||
| Organisation of Teaching | Lectures, exercises, assignments, essay writing, group work and group discussion. | ||||||||||||||
| Block Placement | Block 1 Week Structure: B | ||||||||||||||
| Language of Instruction | English | ||||||||||||||
| Restrictions | none | ||||||||||||||
| Course Content | |||||||||||||||
| The course will introduce students to the main results and models of modern industrial economics. It is a standard course focusing on theoretical as well as applied aspects of industrial organization. Main topics covered are: - Market structure and market power - Cost and technology - Monopoly power - Oligopoly and strategic interaction - Anticompetitive strategies - Contractual relations between firms | |||||||||||||||
| Teaching and learning Methods | |||||||||||||||
| The instruction consists of a combination of lectures (which review the basic theories and models) exercises, case studies, text reading and discussion. In addition each student will have to write an individual essay. | |||||||||||||||
| Learning Outcome | |||||||||||||||
| Learning Outcome: The objective of this course is to learn concepts and techniques of analysis in Industrial Economics and to apply this knowledge to problems faced by decision makers in the agri-food industry and business organizations, as well as policy analysts. After completing the course the student should be able to: Knowledge: Students are expected to - Know basic theoretical modeling and results concerning different market forms; quantity, pricing and bundling, product variety and quality. - Know basic modeling and results concerning firms' strategic interaction; Cournot, Bertrand and Stackelberg models. - Know basic modeling and result concerning anticompetitive strategies; limit pricing and entry deterrence, predatory pricing, cartels and collusion. - Know basic modeling and results concerning contractual relations between firms; horizontal and vertical mergers. Skills: Students are expected to - Understand and practice various results and techniques related to market forms, organization and firms' strategic interaction. - Reflect on particular cases using the models and analytical tools of industrial economics Competences: Students should be able to - Identify and analyze basic industrial organization issues. - Analyze particular issues related to firms strategies and market forms within the agribusiness industry. | |||||||||||||||
| Course Literature | |||||||||||||||
| Standard introductory textbook in Industrial Economics e.g. Pepall, Richards and Norman, Industrial Organization: Contemporary Theory and Empirical Application, Blackwell (4'th Ed.). | |||||||||||||||
| Course Coordinator | |||||||||||||||
| Per Svejstrup Hansen, psh@foi.dk, Institute of Food and Resource Economics/International Economics and Policy Unit, Phone: 353-32271 | |||||||||||||||
| Study Board | |||||||||||||||
| Study Committee NSN | |||||||||||||||
| Work Load | |||||||||||||||
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