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[ 971CCP2MECK22 ] KS Managerial Economics 2
Versionsauswahl
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) 2025W
Learning Outcomes
Competences
  • Understanding sources and consequences of market power / intensity of competition.
  • Better understand policy debates on market regulation.

Course Goals

The goal 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.

Skills Knowledge
  • Gain an understanding of how to think theoretically about imperfect competition in industrial economics and how to model firm behavior these markets.
  • Getting used to the “mechanics” of theoretical models: Which assumptions are important to emphasize specific issues, which are necessary for model tractability, and how to solve these models.
Knowledge about approaches to model limited competition with a particular focus on concentrated markets (oligopolies), markets with differentiated products, advertising as a channel to increase market power, and markets with information frictions (search models).
Criteria for evaluation The evaluation is based on a written examination (90 %) and active participation in class (10 %). A positive grade on the exam and 50% in total are necessary requirements to pass the class.
Methods Interactive lecture
Language English
Study material
  • Slides
  • Problem sets
  • Paul Belleflamme and Martin Peitz: Industrial Organization: Markets and Strategies, mainly Part II and Part III
  • Relevant journal articles

(All content is provided via moodle)

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