Microeconomics - Industrial Organization

Faculteit Economie en Bedrijfskunde
Jaar 2021/22
Vakcode EBB067A05
Vaknaam Microeconomics - Industrial Organization
Niveau(s) bachelor, uitwisseling
Voertaal Engels
Periode semester I b
Rooster rooster

Uitgebreide vaknaam Microeconomics - Industrial Organization
Leerdoelen Upon completion of the course the student is able to:
1. Derive equilibrium prices, equilibrium quantities and equilibrium profit levels of the basic oligopoly models.
2. Use basic cartel models, explain which factors increase the stability of cartels and determine the stability of cartels.
3. Explain how dominant monopolistic firms can deter other firms from entering.
4. Determine under which conditions mergers and innovations are profitable.
5. Explain how firms use price discrimination to extract more surplus from consumers.
6. Understand the implications of price setting in a vertical market structure.
7. Understand and explain simple models of innovation.
Omschrijving This course takes a second look at microeconomic theory. We focus on the strategic interaction between firms. When firms set prices or quantities, they have to take into account how other firms may react to such choices. We study such interactions, using the tools of game theory. Amongst others, we study the strategies firms could use to gain an advantage over their competitors; how and when firms may be able to fix prices and how they may keep potential competitors out of their market.
Uren per week 4
Onderwijsvorm -hoorcollege ,  -werkcollege
Toetsvorm -schriftelijk tentamen (open en mc vragen)
(voornamelijk open vragen, klein deel mc)
Vaksoort bachelor
Coördinator prof. dr. M.A. Haan
Docent(en) prof. dr. M.A. Haan , N.E. Stoffers , M.J.W. van Megen, MSc.
Verplichte literatuur
Titel Auteur ISBN Prijs
Introduction to Industrial Organization, 2nd Edition Cabral, Luis 9780262035941 ca. €  75,00
Opmerkingen Coördinator: Prof. Marco Haan, m.a.haan@rug.nl, kamer 5411.0703. Secretary: Helena Lei, phone +31(0)50 36 37018, e-mail h.lei@rug.nl, room 5411.0734
Opgenomen in
Opleiding Jaar Periode Type
BSc Bedrijfskunde/Bdk  (minor Algemene Economie voor de Lerarenopleiding) 3 semester I b verplicht
BSc Economics and Business Economics/E&BE  (Economic Development and Globalization/ED&G) 2 semester I b verplicht
BSc Economics and Business Economics/E&BE  ( Business Economics) 2 semester I b verplicht
BSc Economics and Business Economics/E&BE  ( Economics) 2 semester I b verplicht
Courses Exchange (BSc)  (Courses Exchange Students (BSc) without limited access) 2 semester I b keuze
Pre-MSc-programma’s FEB  (Pre-MSc Algemene Economie voor de Lerarenopleiding (30 EC)) 1 semester I b verplicht