040542 VK KFK IndM: Firms and Competition (2015W)

Target audience of this course are Business students of the KFK Industrial Management. In the first part of this course we discuss market structures (e.g., perfect competition, monopoly, oligopoly). Furthermore, we study game theoretic models to analyze markets. We continue then to focus on electricity markets -- a market which gained importance in the last decade. Most theoretic models are partial equilibrium models stemming from the discipline of industrial organization. To enrich the theoretic models we also have room for discussing relevant case-studies. All students should be interested in applied microeconomics. In the second part of the course, the students are then asked to apply this knowledge by presenting and discussing selected papers or case studies.