As an advanced course in industrial economics it provides a comprehensive summary of some of the most advanced models of strategic interaction among firms. It is the ideal basis for research in industrial economics or a related field and a must for those planning a career in an (economic) consulting firm.

This advanced course provides theoretical insights of new industrial economics; using modern economic tools as optimising behaviour and strategic behaviour (game theory). This field of economics is concerned with the structure, conduct and performance of firms and markets. Moreover, in a partial equilibrium setting, attention is paid to a normative evaluation of market performance and to the potential role for government intervention. In oligopolistic markets the topics are: price or quantity competition, collusion, product selection, entry and exit, strategic behaviour under uncertainty, and research and development.

Tirole J., The Theory of Industrial Organization, MIT press, Cambridge Massachusetts, 1988, or a comparable advanced book.

Intermediate microeconomics, some game theory or some industrial organisation (at least two of the three), such as: - Varian, 1999, Intermediate microeconomics, A Modern Approach, Norton, New York - Gibbons, R., 1992, A Primer in Game Theory, Harvetser Wheatsheaf, New York - Martin, S., 1994, Industrial Economics, Economic Analysis and Public Policy, Prentice Hall, New Jerseyas covered, for example, in 2.3 micro economics: - Choices, markets and welfare - Game Theory, basic concepts, practice and applications - Game Theory and economics - Strategic Firm Behaviour and Public Policy.
Exchange students need to have obtained a bachelor degree with a major in Business, Economics or Econometrics/Quantitative Economics.
an advanced level of English