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Industrinė organizacija (ECO130)

Annotation

Industrial Organization course analyses market and marker structures. Some mathematical economics methods are used in this course, but the main emphasis is put on understanding the logic of microeconomic models. At the end of the course students are expected to understand the relation between the assumptions and the conclusions of the models and to be able to apply game theory based methods for the analysis of competition and strategic behaviour of the companies.

Aims of the course

Industrial Organization course aims to train students to apply modern analysis methods for the problems related to the menace of market power for consumers’ surplus and free competition. It will concentrate on problem-oriented teaching emphasizing not only on the main theoretical aspects of microeconomics problems and the methods of solving them but also on practical examples from the real competition.

Learning outcomes

  • Elucidate on the scope and techniques of Industrial Organization.
  • Understand the relation between the assumptions and the conclusions of microeconomic models.
  • Develop skills for analyzing market power and its threats for consumers’ surplus and free competition.
  • Develop skills for analyzing the need, scope and techniques of regulating the market.
  • Develop critical thinking, problem solving and decision-making skills.
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