Course description

IO and Applied Economics Consulting

Introduction

lndustrial organization (IO) analyses the boundary of firms and the relationship between firms and markets. lndustrial organization constitutes the theoretical underpinning of economics consulting. The purpose of this course is twofold: First to give the students a sound theoretical understanding of the field of industrial economics. Second to demonstrate how the principals of industrial organization are applied within economics consulting, through real world cases. Professionals from the industry will give guest lecturers.

Examples of topics include: incentives and contracts, price discrimination and Ramsey pricing, acquisitions and mergers, auctions, economic implications of the competition law, regulation, and innovation. Cases will be taken from the grocery market, telecommunication, the market for hydro power, public utilities and others depending on the expertise of the instructor.

Course content

The course covers topics as:

  • Competitive structure and companies' strategic challenges
  • Ramsey prising
  • Auctions
  • Competition law and theory of regulation
  • lncentive contracts
  • Mergers and acquisitions
  • Vertical structure and organizational design

Learning outcome knowledge

The aim of this course is to provide a thorough understanding of industrial organization, and of how it is applied within economics consulting. Students are expected to contribute in real-world discussion in each specific case studied in the course.

Exam organisation

  • Written exam: 100%