Course content

Course content: Market concentration Basic non-cooperative game theory Tactical decisions with respect to what and how much to supply Tactical decisions with respect to prices and tacit collusions Strategic decisions in order to avoid or limit competition Product differentiation and advertising Technological change and research and development Vertical integration and vertical relationships Antitrust laws Regulation and deregulation

Learning outcome

Learning outcome:

Knowledge:

• Master the terminology of the subject
• Acquire general knowledge of modern industrial economics theory
• Acquire in-depth knowledge about various conditions for efficient organization of business relationships
• Acquire in-depth knowledge of strategic interaction between firms operating in imperfect markets
• Acquire knowledge of different types of industrial and competition policy

Skills:

• Be able to analyze problems within industrial organization by using relevant models
• Be able to analyze how different types of policy (industrial and competition policy) will influence the behaviour of firms
• Be able to discuss different types of applications of imperfect market models
• Be able to discuss different applications of industrial economic models
• Be able to apply general industrial economic knowledge in relation to different industries

Competence:

• Be able to view the topics of this course in a larger business/economic professional perspective
• Be able to view the topics of this course in a larger social perspective
• Be able acquire updated knowledge within the above mentioned areas of knowledge and skills

Learning methods and activities

Teaching methods: Lectures, case discussions

Further on evaluation

Exam 4 hour individual written exam (70%) and Compulsory individual assignment (30%). To be awarded a grade, both exams must be passed.

Resit exam: Same arrangement. Students are entitled to re-sit only the part of the examination in which they have had legitimate reasons for an absence or have failed. A re-sit examination will take place only during the designated period for re-sit examinations. Students are entitled to sit to the part of the ordinary examination in which they have failed or want to improve. They do not need to retake all parts of the examination.

Specific conditions

Recommended previous knowledge

As for the study programme and AE511211 International Business (or a corresponding course), AL510311 International Organisation and Management (or a corresponding course), AL511612 International Business Strategy (or a corresponding course) and AM510412 International Marketing (or a corresponding course).

Required previous knowledge

This course is only available to students who have been admitted to the following programmes:

• Master in International Business and Marketing, at Department of International Business (NTNU Aalesund)
• Master in Business Administration, at Trondheim Business School (NTNU Trondheim)
• Master in Financial Economics, and Master in Economics, at Department of Economics (NTNU Trondheim)
• Master in Entrepreneurship, and Master in Industrial Economics and Technology Management, at Department of Industrial Economics and Technology Management (NTNU Trondheim)

Course materials

To be announced at the start of the term.