 | Study programme | Français | |
 | Industrial Economics (from 2017-2018) | ||
Programme component of Master's Degree in Business Engineering à la Warocqué School of Business and Economics |
| Code | Type | Head of UE | Department’s contact details | Teacher(s) |
|---|---|---|---|---|
| UW-M1-IGGEST-023-M | Compulsory UE | VENMANS Frank | W751 - Finance |
|
| Language of instruction | Language of assessment | HT(*) | HTPE(*) | HTPS(*) | HR(*) | HD(*) | Credits | Weighting | Term |
|---|---|---|---|---|---|---|---|---|---|
| Anglais | 30 | 0 | 0 | 0 | 0 | 4.00 | 4.00 |
| AA Code | Teaching Activity (AA) | HT(*) | HTPE(*) | HTPS(*) | HR(*) | HD(*) | Term | Weighting |
|---|---|---|---|---|---|---|---|---|
| W-ANMI-005 | Industrial Economics | 30 | 0 | 0 | 0 | 0 | Q1 | 100.00% |
| Unité d'enseignement |
|---|
Objectives of Programme's Learning Outcomes
- Mobilise expertise in at least one area of management.
- Master the principal decision-making processes of a company.
- Mobilise acquired skills in a specific professional environment.
- Contribute to the development of innovative tools and solutions.
- Be independent and regularly adapt to new contexts.
- Monitor knowledge and methodological approaches in order to evolve their thinking and practice.
- Adopt a scientific approach of analysis and reasoning.
- Master the different steps and methods to carry out research on complex or innovative management issues.
- Construct a reference framework, formulate questions or hypotheses from the analysis of scientific literature.
- Develop innovative strategies.
- Master the principal decision-making processes of a company.
Learning Outcomes of UE
The course aims at providing students with a deeper understanding of competition, product differentiation, organisational structures in industrial markets. Both theoretical modelling as well as intuitive interpretations in concrete situations are thought.
Content of UE
Oligopolistic competition (Cournot, Stackelberg, Bertrand), price-fixing models, choice between outsourcing vs vertical integration, barriers to investments (in energy efficiency), different market failures and their remedies, competition and anti-trust policy. A case study of differentiation and innovation.
Prior Experience
General concepts of micro-economics: game theory, asymmetric information, market efficiency are required. Basic mathematical insights such as linear, quadratic and logarithmic functions, their derivatives and systems of equations.
Type of Assessment for UE in Q1
- N/A
Q1 UE Assessment Comments
Not applicable
Type of Assessment for UE in Q2
- Written examination
Q2 UE Assessment Comments
Not applicable
Type of Assessment for UE in Q3
- Written examination
Q3 UE Assessment Comments
Not applicable
Type of Resit Assessment for UE in Q1 (BAB1)
- Written examination
Q1 UE Resit Assessment Comments (BAB1)
Not applicable
Type of Teaching Activity/Activities
| AA | Type of Teaching Activity/Activities |
|---|---|
| W-ANMI-005 |
|
Mode of delivery
| AA | Mode of delivery |
|---|---|
| W-ANMI-005 |
|
Required Reading
| AA | |
|---|---|
| W-ANMI-005 |
Required Learning Resources/Tools
| AA | Required Learning Resources/Tools |
|---|---|
| W-ANMI-005 | Not applicable |
Recommended Reading
| AA | |
|---|---|
| W-ANMI-005 |
Recommended Learning Resources/Tools
| AA | Recommended Learning Resources/Tools |
|---|---|
| W-ANMI-005 | Lipczynski, Wilson, Goddard (2013) Industrial organization, Pearson. |
Other Recommended Reading
| AA | Other Recommended Reading |
|---|---|
| W-ANMI-005 | Not applicable |
Grade Deferrals of AAs from one year to the next
| AA | Grade Deferrals of AAs from one year to the next |
|---|---|
| W-ANMI-005 | Autorisé |