Es ist eine neuere Version 2025W dieser LV im Curriculum Master's programme Economic and Business Analytics 2026W vorhanden.
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Workload
Education level
Study areas
Responsible person
Hours per week
Coordinating university
4 ECTS
M1 - Master's programme 1. year
Economics
Dieter Pennerstorfer
2 hpw
Johannes Kepler University Linz
Detailed information
Original study plan
Master's programme Economics 2019W
Objectives
The objective of the course “Managerial Economics 2” is to get a thorough understanding of the relation between competition and market outcomes, and to enable students to apply models and modern tools to current issues in competition and industrial policy.
Subject
Market power is prevalent in most markets. The course "Managerial Economics 2" analyzes and discusses (potential) sources of market power that allow firms to charge higher prices compared to the ideal of a perfectly competitive market. In particular we will deal with concentrated markets (oligopolies), markets with differentiated products, advertising as a channel to increase market power, and markets with information frictions (search models). The lecture is theory-based, but is complemented by recent findings in the empirical literature.
Criteria for evaluation
Active participation and final exam
Methods
Interactive lecture
Language
English
Study material
Paul Belleflamme and Martin Peitz: Industrial Organization: Markets and Strategies, mainly Part II and Part III
Changing subject?
No
Further information
prerequisites: fundamentals in Microeconomics and Game Theory
