Industrial Organization

mecon1313  2023-2024  Mons

Industrial Organization
5.00 credits
30.0 h + 10.0 h
Q2
Teacher(s)
Scarmure Patrick;
Language
French
Prerequisites

The prerequisite(s) for this Teaching Unit (Unité d’enseignement – UE) for the programmes/courses that offer this Teaching Unit are specified at the end of this sheet.
Main themes
This learning unit models the strategic interaction between companies based on game theory developments (Nash equilibrium). The following topics are covered: oligopolistic competition, collusion, mergers, vertical relationships, product differentiation, barriers to entry and predatory strategies. Particular attention is dedicated to evaluating the allocative efficiency of markets and competition policy (cartels, abuse of dominant position and concentration operations).
Learning outcomes

At the end of this learning unit, the student is able to :

Given the « competencies referential » linked to the LSM Bachelor in Management and Business Engineering, this course mainly develops the following competencies:
  • 1.3. Analyse a situation responsibly, taking into account the economic, social and environmental impact on the various stakeholders.
  • 2.3. Acquire a knowledge base in quantitative, IT and digital methods.
  • 3.2. Apply clear and structured analytical reasoning, conceptual frameworks and science-based models to describe and analyse a simple but concrete problem and offer a solution.

At the end of the class, the student will be able to:
  • understand the strategic behaviours of companies;
  • assess the functioning of markets.
 
Bibliography
CABRAL, L. (2017), Introduction to Industrial Organization, 2d ed,  MIT Press.
MOTTA, M. (2004), Competition Policy: Theory and Practice, Cambridge University Press.
BELLEFLAMME, P. & M. PEITZ (2015), Industrial Organization: Markets and Strategies, 2d ed,Cambridge University Press.
Faculty or entity
CLSM


Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Sigle
Credits
Prerequisites
Learning outcomes
Bachelor : Business Engineering
INGM1BA
5
MECON1212
Bachelor in Management
GESM1BA
5
MECON1212