Applied Microeconomics

Introduction

Applied microeconomics gives you concepts and models to understand and analyze companies' strategic choices when they compete with other companies, and the economic consequences of these. We will deal with companies' strategic choices, such as pricing strategies, quantity competition, entry and cooperation. You will learn how established companies adapt to new entry, the competitive effects of companies merging, and how companies can cooperate legally and illegally. We will discuss efficiency criteria and the economic justification for competition regulation. Furthermore, the course will address the interaction between innovation and competition, and shed light on issues relating to tenders and privatisation.

Course content

• Efficiency criterias
• Market power and market consentration
• Price discrimination
• Duopoly and oligopoly theory
• Competition analysis and competition policy
• Cartels
• Horizontal and vertical mergers
• Strategic entry
• Innovations and investment incentives
• Tendering and privatization

Disclaimer

This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.