Lectures winter term 2024/2025
Lecture:
The lecture "Industrial Organisation" will be offered in presence this semester.
Monday,14:00 - 16:00, Room M.12.25
Start: 14.10.2024
and
Thursday, 10:00 - 12:00, Room M.14.22
Start: 17 October 2024
Tutorial:
Monday, 10:00 - 12:00, Room M.14.22
Start: to be announced
and
Thursday, 14:00 - 16:00, Room M.16.11
Start: 24 October 2024
You can find the link to the Moodle course here.
Course description
In reality, free markets characterized by fierce competition and free market entry are the exception rather than the rule. Firms pursue a variety of competitive strategies to achieve dominance and maintain market power. This course uses case studies and industrial economic models to provide a broader, more realistic picture of firm behavior in real markets and to understand the variety of competitive strategies pursued by, for example, Internet companies, electronics firms, pharmaceutical companies, and automobile manufacturers. At the same time, this course examines how antitrust authorities can identify and prevent anticompetitive behavior by firms. Two main questions explored in this course are: How do firms acquire, use, and maintain market power? How can antitrust authorities deal with anticompetitive activities by firms that restrict competition at the expense of consumers and/or competitors?
This course addresses competitive strategies of firms in imperfectly competitive markets and the resulting market dynamics. Considered are advanced pricing strategies of firms, strategic interaction of firms in oligopoly markets, market entry, endogenous determinants of industry structure, and strategies of firms with respect to decisions such as product differentiation, vertical integration, advertising, and innovation.
Course language
The language of instruction (lectures, exercises) is English. This also applies to the teaching materials and the literature accompanying the lectures and tutorials. The exam can be taken either in English or in German.
Lecture:
The lecture "MWIWI 2.17: Game Theory and Experimental Economics" is offered this semester.
The course consists of two parts:
Game Theory
Tuesday, 14:00 - 18:00, Room M.15.09
Duration: 15.10.2024 - 26.11.2024
Experimental Economics
Tuesday, 14:00 - 18:00, Room M.15.09
Duration: 03.12.2024 - 28.01.2025
Exercise:
Friday, 12:00, M.15.13
Start: to be announced
You can find the Moodle course here.
COURSE DESCRIPTION AND LEARNING GOALS
GAME THEORY
In the first lecture dealing with game theory, students learn fundamental mechanisms to explain decision making, attaining a deeper understanding of those economic processes underlying social, political and economic affairs. By the end of the lecture on game theory, students should be able to cope with fundamental advanced microeconomic methods of decision making, analyze complex decision situations by game theoretic approaches, to critically assess microeconomic instruments and methods regarding their appropriateness and outcomes in relation to alternative approaches.
EXPERIMENTAL ECONOMICS
In the second lecture dealing with experimental economics, students get familiarized with experimental methods across different research streams in a reflective way. The students learn the principles of economic experiments and are introduced to different types of experiments and experimental designs. Issues of internal and external validity, the basic steps of conducting economic experiments as well as the analysis of experimental data and reporting of results are core topics of this lecture. By the end of the lecture students will be enabled to develop the skills necessary to critically evaluate experimental research and to understand the opportunities and limits of the experimental research methods.
Additional information:
- Course language: The language of instruction (lectures, exercises) is English. This also applies to the teaching materials and the literature accompanying the lectures and tutorials.
- Prerequisites/ requirements: Basic knowledge of microeconomics and statistics.
- This course is only offered in the winter semester.
Lecture:
The lecture "Grundzüge der Volkswirtschaftslehre III (Wirtschaftspolitik)" will be offered in presence this semester.
Tuesday, 14:00 - 16:00, lecture hall 33
Start: 15 October 2024
and
Wednesday, 10:00 - 12:00, lecture hall 33
Start: 16 October 2024
Lecturers: Prof. Dr Christian Bredemeier/Prof. Dr Werner Bönte
Tutorial:
Monday, 14:00 - 16:00, Room I.13.70 - Lecture Hall 27
Start: 21 October 2024
and
Tuesday, 8:00 - 10:00, Room O.07.26 - Lecture Hall 21
Start: 22 October 2024
and
Tuesday, 12:00 - 14:00, Room M.14.25 - Seminar M.14.25
Start: 22 October 2024
and
Tuesday, 16:00 - 18:00, Room I.13.71 - Lecture Hall 28
Start: 22 October 2024
and
Wednesday, 18:00 - 20:00, Room M.12.25 - Seminar M.12.25
Start: 23 October 2024
and
Friday, 12:00 - 14:00, Room O.07.26 - Lecture Hall 21
Start: 25 October 2024
You can find the link to the Moodle course here.
Learning objectives:
Students are familiar with the fundamentals of scientifically based economic policy and can classify different forms of market failure. They understand the relationship between economic theory and economic policy and can analyze economic policy issues. Students are able to identify the theoretical references of current economic policy problems, to scrutinize different positions and to evaluate economic policy measures.
