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INDUSTRIAL ECONOMICS AND CORPORATE STRATEGY

2016-2017

IESEG School of Management ( IÉSEG )

Code Cours :

1617-IÉSEG-BA2S1S2-ECO-B2-CE01AE

ECONOMICS


Niveau Année de formation Période Langue d'enseignement 
Bachelor2S1S2English
Professeur(s) responsable(s)R.PARVULESCU
Intervenant(s)L.BERGER, M.DIABY, M.JAVAHERI, TK.LAI, N.JEAN, M.LONGUEPEE-GUYOT, R.NOEL, R.PARVULESCU


Pré requis

This course requires knowledge of economics and above all a good command of the various market structures, be they perfectly competitive or not

Objectifs du cours

- do a market analysis using a precise analytical toolkit (Porter's 5Forces, Structure-Conduct-Performance diagram)
- identify and use different copperative and non-cooperative market strategies
- identify the different situations that may be related to the asymmetry of information (moral hasard, adverse selection) and how they impact producer behavior
- be able to apply different methods of calculating the equilibrium and especially understand the economic interpretation underlying the strategic decisions managers make
- identify the position of a firm within its market and identify appropriate strategies with regards to its competitors (real or potential).
- have greater awareness about ESRS topics such as: stakeholder theory, environmental issues regarding production, cooperation between firms

Contenu du cours

1. Market analysis: relevant market, concentration indexes, barriers to entry/exit the market (scale and scope economies, absolute cost advantage, capital costs, product differentiation), mergers and acquisitions, SCP mdoel, Porters's 5 Forces model
2. Firm behavior in an oligopolistic market: the limit price strategy, predatory pricing, excess capacity, R&D, rivals' indirect increase in costs
3. Information asymmetry and its effects on the state of competition: determinants, adverse selecxtion (with applications), moral hasard, agency theory
4. Vertical integration and vertical restrictions: transaction costs, relationship-specific assets, rents and quasi-rents, holdup problem.


Modalités d'enseignement

Organisation du cours

TypeNombre d'heuresRemarques
Face to face
lecture9,20  
PBL class8,00  
Independent work
E-Learning5,00   - The tool Crossknowledge will complete training by the preparation of 6 compulsory and 12 optional modules (5h).
Reference manual 's readings15,00   - The reading of the reference book will allow to understand in depth the course and to go beyond (15h).
Independent study
Estimated personal workload13,00   - Research work is necessary for the preparation and resolution of PBL cases (9h).
- The student participates to writing a final PBL report (4h)
Charge de travail globale de l'étudiant50,20  

Méthodes pédagogiques

  • Lecture
  • Presentation
  • E-learning
  • Problem- based learning


Évaluation

This course introduces flipped learning as students are required to have read a certain number of materials before coming to class. A quizz is given at the beginnning of the class in order to check that students did this properly (4 times). Once per semester, and in groups of 4, students have to give an oral presentation, be discussants of another group's presentation, participate actively in debates, write a 2000-word synthesis and correct another work done by another group.

Type de ContrôleDuréeNombrePondération
Final Exam
Written exam2,00151,00
Continuous assessment
QCM0,10424,00
Participation0,00025,00
TOTAL     100,00

Bibliographie

  • A specific handout of articles and resources will be given to students at the beginning of the semester. - .

    .


Ressources internet

  • IESEG online

    - Lecture slides are available on www.ieseg-online.com
    - written and corrected assignements in PBL are also uploaded on this website



 
* Informations non contractuelles et pouvant être soumises à modification
 
 
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