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ECGE1311 - Industrial Economy
Credits :
4
Lecturers :
Teaching assistant :
Mode of delivery :
Face-to-face , second term, 30 hours of theory and 7,5 hours of exercises.
Timetable :
Second term
Wednesday from 09:00 to 11:00 at 119 Marais 1200 Language of instruction :
The course and slides are in French. However the texts used as supports are in English.
Learning outcomes :
The aim of this course is to present the main theoretical concepts of “industrial economy”. The principal concern of industrial economy is the company and its institutional constraints. Its investigation field corresponds on one hand to the main economic decisions of companies: extent of the range of products offered, prices, contractual relations with the subcontractors and distributors, geographical location, investment in production or sale capacity, effort in R&D. On the other hand, it examines how the government (national or supranational) intervenes to ensure that the market conditions of competition are guaranteed.
The news provides us with many empirical illustrations of these topics: air price discrimination, mergers, industrial relocations, collusion, investments in information technologies, audiovisual piracy. Prerequisites :
 For the Bachelor in Economics and Management : For the Bachelor : Business Engineering : Co-requisites :
None
Course contents :
1. Introduction: businesses, consumers and the market
2. Market power: Imperfect competition 3. Sources of market power: differentiation and advertising 4. The theory and practice of competition policy: collusion and cartels, horizontal mergers and vertical integration. 5. One or more topics from: price discrimination, innovation and R&D, networks and standards. Planned learning activities and teaching methods :
From a pedagogical point of view, the assimilation of these concepts will be reached through the presentation of the theoretical foundations and of their limitations, then through conducting analyses of competition structures, strategies and achieved economic performances. When possible, connections with the news will be made.
Assessment methods and criteria :
A written examination assessing the subject matter studied in class.
Recommended or required reading :
Paul Belleflamme et Martin Peitz, Industrial Organization: Markets and Strategies, 2010, Cambridge
Other information :
PowerPoint documents available each week before the session on the course website.
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