Industrial Economics
This Industrial Economics course is a continuation of the Microeconomics 1, 2 and 3 courses of the undergraduate program in economics and management. The objective is to introduce firm strategy in oligopolistic environments. We first detail the importance of the delimitation of relevant markets in competitive analysis. We then introduce the product differentiation strategy (e.g., Hotelling model). The next step is to include some elements of competitive dynamics. We provide two ways to do this: i) adding several decision steps (e.g. choice of firms’ location, choice of product quality); ii) free entry of firms into the market.
