SØK710 Industrial Organization (Autumn 2021)

About the course

The purpose of this course is to provide theoretical tools for the analysis of strategic interactions among firms operating in imperfectly competitive markets. The main topics covered are the following:

• Market structures: from monopoly to perfect competiton
• Basic non-cooperative game theory
• Oligopolistics markets: Cournot and Bertrand models. Collusion.
• Strategic decisions in order to avoid or limit competition
• Product differentiation
• Price Discrimination
• Advertising and R&D
• Public regulation and natural monopolies

 

The course is connected to the following study programs

• Master of Science in Logistics
• Master of Science in Economics and Business Administration
• Master of Science in Sustainable Energy Logistics
• Exchange programme - Master's level

Recommended requirements

Basic microeconomics

Reduction of Credits

This course’s contents overlap with the following courses. A reduction of credits will occur if one of these courses is taken in addition:

Course	Reduction of Credits
LOG745 – Industrial Organization and Competition Policy	7.5

The student's learning outcomes after completing the course

Upon completing this course, the candidate:

• Can apply theoretical tools like game theory to structure and analyze complex real-life problems related to interactions in imperfect markets.
• Has necessary knowledge and analytical tools to work through case studies of the real  industrial companies using the market models from the course.
• Can analyze and discuss questions related to trade-offs between profit-maximization and social welfare. 

 

Forms of teaching and learning

3 hours of lectures per week. Exercises, 2 hours every other week.

Coursework requirements - conditions for taking the exam

• Mandatory coursework: Assignment(s)
• Courseworks given:
• Courseworks required:
• Presence: Not required
• Comment: Hjemmeeksamen (40%) skal bestås før skoleeksamen (60%)

Examination

• Form of assessment: Written school assessment

• Proportion: 60%

• Duration: 4 Hours

• Grouping: Individual

• Grading scale: Letter (A - F)

• Support material: Calculator with empty memory + general dictionary in mother tongue/Norwegian/English in paper version

• Form of assessment: Home assessment

• Proportion: 40%

• Duration: -

• Grouping: Group

• Grading scale: Letter (A - F)

• Support material: All printed and written supporting material + calculator that may contain data

Syllabus

Pensumoversikt

• SØK710 Industrial Organization