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Vertical structure

November 2013

Science Po

Emmanuel Frot and Nathalie Daley teach a course on industrial organization to students of the Master in Finance and Strategy at SciencesPo.

The objective of the course is to provide a working knowledge of the analytical tools of industrial organization useful to understand the strategic decisions firms make. Its purpose is different from a more traditional industrial organization course as it does not make use of mathematical modelling but rather seeks to show student how economic concepts apply to real-world market situations. Although clearly applied, the course does not eschew theoretical concepts and also provides students with a basic but solid introduction to microeconomic theory.

Many decisions by firms are related to vertical structure. This course offers to study these decisions and what determines them. It examines build versus buy decisions, territorial exclusivity, franchising, licensing.

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