Industrial Organization

What it is about

You learn how firms in markets with imperfect competition make strategic decisions. Building on an introduction to game theory, you analyse equilibria in different market structures (in particular oligopoly) as well as strategies such as collusion, product differentiation and price discrimination. By the end you will be able to model strategic interactions and evaluate policy measures.

What you will be able to do

• Identify and assess Nash equilibria
• Apply backward induction
• analyse social dilemmas and coordination problems
• conceptualise political advisory and evaluate concrete measures (e.g. competition policy)

What the module consists of

• VorlesungDelivery of theoretical content through lectures
• ÜbungIndependent work and discussion of exercise problems to apply the lecture content

Teaching method

• verbal presentation (Vorlesung)to systematically convey the theory and concepts
• Übungsaufgaben in der Übungto independently apply and deepen what is learned