Course content

- Market concentration
- Basic non-cooperative game theory
- Tactical decisions with respect to what and how much to supply
- Tactical decisions with respect to prices and tacit collusions
- Strategic decisions in order to avoid or limit competition
- Product differentiation and advertising
- Technological change and research and development
- Vertical integration and vertical relationships
- Antitrust laws
- Regulation and deregulation
- Empirical descriptions of the marine industry

Learning outcome

Knowledge:
- Master the terminology of the subject
- Acquire general knowledge of modern industrial economics theory
- Acquire in-depth knowledge about various conditions for efficient organization of business relationships
- Acquire in-depth knowledge of strategic interaction between firms operating in imperfect markets
- Acquire good knowledge of maritime industry, marine industry, and furniture industry at a regional level (Mid-Western part of Norway)
- Acquire knowledge of different types of industrial and competition policy
    
Skills:
- Be able to analyze problems within industrial organization by using relevant models
- Be able to analyze how different types of policy (industrial and competition policy) will influence the behaviour of firms
- Be able to discuss different types of applications of imperfect market models
- Be able to discuss different applications of industrial economic models
- Be able to apply general industrial economic knowledge in relation to maritime, marine and furniture industry on the regional and the national level
    
Competence:
- Be able to view the topics of this course in a larger business/economic professional perspective
- Be able to view the topics of this course in a larger social perspective
- Be able acquire updated knowledge within the above mentioned areas of knowledge and skills

Learning methods and activities

Teaching methods:
Lectures (incl. guest lectures), case discussions, and preparation of an individual assignment (term paper) which must be handed in by a specified point of time.    

Mandatory assignments:
None.

Specific conditions

Recommended previous knowledge

As for the study programme and AE511211 International Business (or a corresponding course), AL510311 International Organisation and Management (or a corresponding course), AL511612 International Business Strategy (or a corresponding course) and AM510412 International Marketing (or a corresponding course).

Required previous knowledge

This course is only available to students who have been admitted to the following programmes:

- Master in International Business and Marketing, at Department of International Business (NTNU Aalesund) 
- Master in Business Administration, at Trondheim Business School (NTNU Trondheim)
- Master in Financial Economics, and Master in Economics, at Department of Economics (NTNU Trondheim)
- Master in Entrepreneurship, and Master in Industrial Economics and Technology Management, at Department of Industrial Economics and Technology Management (NTNU Trondheim)