Theoretical Industrial Organization

English
GRA 6669
6 Credits

Introduction

THIS COURSE WILL BE OFFERED AS A RE-SIT EXAMINATION ONLY IN AUTUMN 2024.

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.

Course content

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
Auctions

Disclaimer

This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.