At the end of this course, the student will be able to understand the main concepts related to the economics of European competition policy. The student will be able to explain the concepts of perfect competition, market imperfections, market power as well as to discuss different types of markets (monopoly, oligopoly) and define the relevant market. The student will also learn to explain the economic theory relevant to each area of competition policy, namely collusion, horizontal agreements, vertical restraints, abuses of dominance, and mergers (horizontal unilateral effects, horizontal coordinated effects, vertical mergers and conglomerate mergers). This objective ties in with the learning outcome of students being able to apply economic theory to competition cases in a critical manner.
For more information, please consult the ECTS card.