[ 971CCP2MECK22 ] KS Managerial Economics 2

Workload Education level Study areas Responsible person Hours per week Coordinating university
3 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 (Economic Policy Analysis) 2023W
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
Is completed if 971ATECCECK18: KS Competition Economics (4 ECTS) 2FUMCK: KS Competition Economics (4 ECTS) 972FUMSCOMK15: KS Competition Economics (4 ECTS) 971ATECME2K19: KS Managerial Economics 2 (3 ECTS)
On-site course
Maximum number of participants 200
Assignment procedure Assignment according to priority