LOJA10279 Industrial Organization

Details
Responsible DepartmentInstitute of Food and Resource Economics

Earliest Possible YearMSc. 1 year
DurationOne block
 
Credits7.5 (ECTS)
 
Level of CourseMSc
 
ExaminationFinal 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:
09 November 2012
 
Organisation of TeachingLectures, exercises, assignments, essay writing, group work and group discussion.
 
Block PlacementBlock 1
Week Structure: B
 
Language of InstructionEnglish
 
Mandatory Prerequisites290055 
or similar course in intermediate microeconomics
 
Restrictionsnone
 
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
Mette Asmild, meas@foi.ku.dk, Institute of Food and Resource Economics/Production and Technology Unit, Phone: 353-36886
 
Study Board
Study Committee NSN
 
Work Load
lectures32
theoretical exercises28
preparation123
examination3
project work20

206