UCL - Industrial Organization and Corporate Strategy

[ECON2370]

[30h] 5 credits

Teacher(s): Jacques-François Thisse, Xavier Wauthy

Language: English

Level: Second

Aims
Main themes
Content and teaching methods
Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)

Aims

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

Main themes

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.

Content and teaching methods

Méthode: cours magistral, lecture personnelle à partir d'un portefeuille d'articles et réalisation d'un travail d'ap-plication

Other information (prerequisite, evaluation (assessment methods), course materials recommended readings, ...)

Introduction à la Microéconomie, économie industrielle

Examen écrit et travail personnel en cours d'année

Articles scientifiques, textbook ("Economics, Organization and Management"- Milgrom & Ro-berts)