[ 971CCP2MECK22 ] KS (*)Managerial Economics 2

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Workload Ausbildungslevel Studienfachbereich VerantwortlicheR Semesterstunden Anbietende Uni
3 ECTS M1 - Master 1. Jahr Volkswirtschaftslehre Dieter Pennerstorfer 2 SSt Johannes Kepler Universität Linz
Quellcurriculum Masterstudium Economics (Economic Policy Analysis) 2022W
Ziele (*)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.
Lehrinhalte (*)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.
Beurteilungskriterien (*)Active participation and final exam
Lehrmethoden (*)Interactive lecture
Literatur (*)Paul Belleflamme and Martin Peitz: Industrial Organization: Markets and Strategies, mainly Part II and Part III
Lehrinhalte wechselnd? Nein
Sonstige Informationen (*)prerequisites: fundamentals in Microeconomics and Game Theory
Äquivalenzen (*)971ATECCECK18: KS Competition Economics (4 ECTS) 971ATECME2K19: KS Managerial Economics 2 (4 ECTS)
Teilungsziffer 200
Zuteilungsverfahren Zuteilung nach Vorrangzahl