UCL - Industrial Organization and Corporate Strategy

[ECON2370]

[30h] 5 crédits

Enseignants : Jacques-François Thisse, Xavier Wauthy

Langue d'enseignement : Anglais

Niveau : Second cycle

Objectifs (en termes de compétences)
Objet de l'activité (principaux thèmes à aborder)
Résumé : Contenu et Méthodes
Autres informations (Pré-requis, Evaluation, Support, ...)

Objectifs (en termes de compétences)

The aim of this course is to allow students to develop a complementary view on economic and management decision making. More precisely, the course shall develop students ability to apply recent economic theories of the firm to problems of management decision making. In order to acheive this objecrtive the student will de-velop a knowledge of the recent economic theories of the firm and an ability to apply these theories. Ultimately the student will be able to develop an interdisciplinary view on firms' strategic decisions based on economic analysis and management strategy

Objet de l'activité (principaux thèmes à aborder)

The course will cover in sequence the recent developments in the theory of the firm pertaining to industrial or-ganization (strategic interaction, strategic commitments, vertical integration), contract theory (transaction costs, vertical contracts) and incentive-based organizational theories (firms as organizations, agency models). In each case, the student will be confronted to a mix of theoretical approaches and case studies.

Résumé : Contenu et Méthodes

Method
lecture, personal reading from a portfolio of articles and achievement of a work of application

Autres informations (Pré-requis, Evaluation, Support, ...)

Introduction to the Micro, industrial economy
Written Examination and personal work during the year
Scientific articles, textbook ("Economics, Organization and Management"- Milgrom & Roberts)