The Economics of Firm Competition

What it is about

You learn how firms strategically operate in different market structures and what effects their behavior has on market performance and societal welfare. In the end you will be able to explain central models of strategic interaction and vertical relationships and analyze their consequences for efficiency and competition policy.

What you will be able to do

• describe different forms of market structure
• explain the role of competition, market power and coordination
• apply analytical tools for the analysis of strategic firms
• understand the effects of firm behavior and industry structure on welfare and competition policy
• explain conditions for efficient coordination

What the module consists of

• LectureConveying central content and models through slides
• Active exercisesStudents independently work through selected steps of analytical models
• DiscussionJoint reflection on the intuition behind the models

Teaching method

• Lecture elementsTo introduce central content and models
• Interactive model workTo deepen understanding through independent application and comprehension support
• Joint discussionsTo reflect on intuition and application to policy questions