Courses Master Display 2014-2015
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Course title | Industrial Economics | |||||||||||||||||||||||||||||||||||||||
Course code | EBC4007 | |||||||||||||||||||||||||||||||||||||||
ECTS credits | 6,5 | |||||||||||||||||||||||||||||||||||||||
Assessment | None | |||||||||||||||||||||||||||||||||||||||
Period |
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Level | Advanced | |||||||||||||||||||||||||||||||||||||||
Coordinator |
Giacomo Valletta For more information: g.valletta@maastrichtuniversity.nl |
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Language of instruction | English | |||||||||||||||||||||||||||||||||||||||
Goals |
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.
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Description |
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.
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Literature |
Tirole J., The Theory of Industrial Organization, MIT press, Cambridge Massachusetts, 1988, or a comparable advanced book.
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Prerequisites |
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 |
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Teaching methods (indicative; course manual is definitive) | PBL / Assignment | |||||||||||||||||||||||||||||||||||||||
Assessment methods (indicative; course manual is definitive) | Written Exam | |||||||||||||||||||||||||||||||||||||||
Evaluation in previous academic year | For the complete evaluation of this course please click "here" | |||||||||||||||||||||||||||||||||||||||
This course belongs to the following programmes / specialisations |
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