Duration
20h Th
Number of credits
| Advanced Master in European Law | 3 crédits |
Lecturer
Language(s) of instruction
French language
Organisation and examination
Teaching in the first semester, review in January
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
In an era where interdisciplinarity has become the key word, this course offers to the students the opportunity to gain the economic skills needed to understand, analyze and then criticize the enforcement of competition law.
This course offers a general introduction to economic theory (classic and neo classic theories and related key notions - monopoly, oligopoly, market failure, transaction costs, agency theory, natural monopoly, etc.) and its tools (consumer welfare, economic efficiency, cost definitions, prices, entry barriers, etc.).
The course describes three types of strategic behaviors likely to alter competition:
- acquisition of market power (through horizontal, vertical and conglomerate mergers);
- strengthening of market power (or exclusive strategies directed against rival undertakings); and,
- exploitation of market power (cartels, price discrimination and excessive prices).
Learning outcomes of the learning unit
At the end of this course, students will be able to:
- read and understand the economic literature about antitrust and industrial organization ;
- criticize EU case law against the findings of economic theory ;
- use economic arguments to support/challenge the legality of a business practice.
Prerequisite knowledge and skills
This course starts with the basics of the economics of competition law. Hence, no prerequisites are required.
However, students are advised to follow DROI0271-1 "Droit européen de la concurrence", taught by N. PETIT, in order for cross-fertilization of the teachings.
Planned learning activities and teaching methods
A liste of readings is communicated for the first class. This list is updated each year. Most often, these are papers or book extracts on Economics of antitrust and Industrial Organnization.
The examples discussed during the course will mainly be based on case law.
Mode of delivery (face to face, distance learning, hybrid learning)
The course is an ex-cathedra course, with a certain degree of interactivity.
Recommended or required readings
The following books may be used for further readings:
o M. MOTTA, Competition policy: Theory and practice, Cambridge, University Press, 2004;
o S. BISHOP & M. WALKER, The economics of EC competition law : concepts, application and measurement, London, Sweet & Maxwell, 2010.
Any session :
- In-person
written exam AND oral exam
- Remote
written exam AND written work
- If evaluation in "hybrid"
preferred remote
Additional information:
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Work placement(s)
Organisational remarks and main changes to the course
Contacts
dirk.auer@uliege.be
norman.neyrinck@ulg.ac.be