Students will learn to apply base concepts of industrial economics as a basis for economic management decisions from an economic point of view and assess and evaluate the resulting implications on the welfare in goods markets.

Students in the Bachelor "Wirtschaftswissenschaften", who want to specialize in the subject "Firms and Markets"

The base concepts in industrial economics will be further developed and deepened. The course will explore market structures and market power as well as techonological developments, monopoly positions, and its pricing. What is the role of product variation? What are the characteristics and consequences of bundling, tie-in and complementary goods? Equally important are permanent goods, inefficiency and the race for monopoly benefits. In addition, the Cournot oligopoly, Bertrand oligopoly and the Stackelberg model will be discussed. The formation of cartels and mergers also plays a role.

• Main Reading: Lynne Pepall, Daniel J. Richards, George Norman (2005): Industrial Organization: Contemporary Theory and Practice, Third Edition, Thomson, South-Western.
• Similar Reading: Dennis W. Carlton, Jeffrey M. Perloff (2005): Modern Industrial Organization, Fourth Edition, Pearson, Addison Wesley.
• More Challenging: Jean Tirole (1988): The Theory of Industrial Organization, MIT Press.

Introduction into Micro-Economics

The course is offered in German. If you do not speak German but want to enroll in the course, please contact Franz Hackl.

The course will be held in presence at the JKU.

There are two exam dates on site at JKU. Your personal attendance is required. 

• Thu. July 4, 2024. 13:45-15:15 HS 7
• Thu. September 26, 12:00-13:30 HS6
• You can take one or both dates. The better grade will count.