Facts about the course
- ECTS Credits:
- 7.5
- Responsible department:
- Faculty of Business Administration and Social Sciences
- Course Leader:
- Katerina Shaton
- Lecture Semester:
- Autumn
- Teaching language:
- English
- Duration:
- ½ year
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