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040542 KU Firms and Competition (MA) (2017W)

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work


Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).


max. 50 participants
Language: English


Classes (iCal) - next class is marked with N

Wednesday 04.10. 09:45 - 13:00 Studierzone
Wednesday 11.10. 09:45 - 13:00 Studierzone
Wednesday 18.10. 09:45 - 13:00 Studierzone
Wednesday 25.10. 09:45 - 13:00 Studierzone
Wednesday 08.11. 09:45 - 13:00 Studierzone
Wednesday 08.11. 18:30 - 20:00 Seminarraum 6 Oskar-Morgenstern-Platz 1 1.Stock
Wednesday 15.11. 09:45 - 13:00 Studierzone
Wednesday 22.11. 09:45 - 13:00 Studierzone
Wednesday 29.11. 09:45 - 13:00 Studierzone
Wednesday 06.12. 09:45 - 13:00 Studierzone
Wednesday 13.12. 09:45 - 13:00 Studierzone
Wednesday 10.01. 09:45 - 13:00 Studierzone
Wednesday 17.01. 09:45 - 13:00 Studierzone
Wednesday 24.01. 09:45 - 13:00 Studierzone
Wednesday 31.01. 09:45 - 13:00 Studierzone


Aims, contents and method of the course

The target audience of this course are Business students with a focus on Industrial Management and an interest in understanding strategic interaction of companies/competitors.
In the first part of this course we discuss market structures (e.g., perfect competition, monopoly, oligopoly) and game theoretic models to analyze strategic actions and reactions. We continue then to focus on network as well as on electricity markets -- the latter having gained importance in the last decade (keyword: the German Energiewende). 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. 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.

Assessment and permitted materials

- Homework (10%),
- Written Exam (40%),
- Presentation (30%),
- Essay/Paper (20%)

A minimum of 50% is required to pass the course.

Minimum requirements and assessment criteria

Examination topics

Reading list

Wilkinson, N. (2005). Managerial Economics. Cambridge University Press.
Pindyck, R. S. and Rubinfeld, D. L. (2003). Mikroökonomie. Pearson Studium, München; Boston [u.a.].
Motta, M. (2004). Competition Policy. Cambridge University Press.
Shy, O. (2001). The Economics of Network Industries. Cambridge University Press.
Stoft, S. (2002). Power system economics : designing markets for electricity. Piscataway, NJ: IEEE Press New York, NY.
Murray, B. (2009). Power markets and economics : energy costs, trading, emissions. Wiley.
Erdmann, G. and Zweifel, P. (2008). Energieökonomik. Springer.

Association in the course directory

Last modified: Mo 07.09.2020 15:29