Næringsøkonomi og konkurransepolitikk
Lågaregradsemne
- Studiepoeng
- 10
- Undervisningssemester Haust
- Emnekode
- ECON260
- Talet på semester
- 1
- Undervisningsspråk
- English
- Ressursar
- Timeplan
Emnebeskrivelse
Mål og innhold
The purpose of the course is to give students a general introduction to the theory of industrial organisation and to competition policy.
The course deals with basic monopoly theory and theory of competition in markets with few firms (oligopoly theory). Students also receive an introduction to game theory to be able to analyse static and dynamic games. Selected parts of modern competition policy are reviewed.
A key theme in the course is market power and how it affects society and consumers. What happens to welfare when a monopolist charges different prices to different customers or markets (price discrimination), and what incentive does the monopolist have to offer products of good quality? In the course we also analyse, through various models for imperfect competition, how the order of moves and type of competition affect market outcomes.
Finally, we review selected competition policy topics such as mergers, vertical agreements and collusion, and their effect on the society and customers. We then use the learned theoretical concepts to analyse real-life competition policy cases.
Læringsutbytte
A student who has completed the course should have the following learning outcomes:
Knowledge
The student
- Understand the concept of market power and what harmful effects this has for society and consumers, as well as what incentives companies with market power have.
- Has basic knowledge of competition policy and competition policy instruments.
Skills
The student
- Can use basic game theory to study strategic situations.
- Can use basic oligopoly theory to analyze strategic interaction in markets with imperfect competition.
- Can discuss how mergers, cartels and vertical agreements affect economic efficiency and welfare.
- Can apply the theoretical concepts learned in the course to analyse real-life competition authority case studies.
General competence
The student
- Can analyse real-life situations using theoretical concepts learned in economics and formulate the arguments in a written format
- Can participate constructively in discussions on their own and others' work
Studiepoeng, omfang
Studienivå (studiesyklus)
Undervisningssemester
Krav til forkunnskaper
Studiepoengsreduksjon
Krav til studierett
Arbeids- og undervisningsformer
Obligatorisk undervisningsaktivitet
Vurderingsformer
Portfolio assessment with overall grade assessment.
- Group assignment (40%) (no assessment of individual contribution)
- Individual 2-hour school exam (60%)
The exam will be given in the language in which the course is taught.
The exam can be submitted in English, Norwegian, Swedish or Danish.
Karakterskala
Vurderingssemester
Assessment in teaching semester.
Regarding re-sit exam
Essay
Students with valid absence as defined in UiB's study regulations § 5-5 can apply for an extension of the submission deadline on the written essay by emailing Studieveileder.econ@uib.no. The application must be submitted before the deadline for submission has expired.
School exam
A retake exam is arranged for students with href="www4.uib.no/en/for-students/exams-and-submissions/absence-from-an-exam">valid absence</a> according to UiBs study regulations § 5-5.If there is a retake exam for students valid absence, students with the following results/absences can register for the exam:
- Interruption during the exam
- Fail/failed
Students can register themselves in Studentweb after January 15th / August 1st.
Litteraturliste
Emneevaluering
Hjelpemiddel til eksamen
- Simple, non-programmable calculators without graphical display, in accorance with university guidelines.
- Dictionary preapproved by the Faculty
The Department of Economics can conduct a sample of aids in the examination room.