Industrial economics analyses the boundary of firms, competition between firms, and the relationship between a firm and its customers and suppliers. The theory of industrial economics forms the basis for competition policy, law and economics, and economics consulting. This course offers an introduction to industrial economics, with a focus on theory. The course focuses on monopoly behaviour, competition in the market place, the role of switching costs and network effects for price formation, and auctions.
- Theory of the firm
- Perfect competition in the short and in the long run
- Monopoly pricing and price discrimination
- Oligopoly and product differentiation.
- Sequential competition
- Markets with search and switching costs
- Markets with network effects
- Vertically related markets
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