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Markets and Competition



Economic theory teaches that imperfect competition is a potential cause of market failure. An important question is whether competition in the marketplace is restricted in such a way that it reduces economic welfare. To answer this question a number of concepts are required: the definition of the market, market power, horizontal agreements and mergers, vertical agreements and mergers, abuse of market power. Competition policy may contribute to economic welfare by preventing anticompetitive behaviour. This course is focused on the economic analysis of competition and competition policy.

Learning objectives

By the end of this course, students will be able to:
• Explain the content of economic concepts needed to analyze markets.
• Analyze the consequences of monopoly, restrictive practices and mergers.
• Assess the consequences of competition policy in terms of efficiency.



Method of instruction

This course consists of interactive seminars and is compulsory.

Study load

  • total study load: 140 hrs – contact hours: 26 hrs – self study: 114 hrs

Method of assessment

Grading will be based on a final written assignment. Attendance and active participation in the seminars is required. Students have to hand in weekly assignments before the start of the seminar. Each assignment not received in time, will result in a reduction of 0.3 point from the final score.


Yes. available a month prior to the start of the course.

Other learning materials/ literature

(To be completed)


Registration for every course and exam in USIS is mandatory. For courses, registration is possible from four weeks up to three days before the start of the course.
For exams, registration is possible from four weeks up to ten days before the date of the examination.


Appointments with lecturers can be made via the economics secretariat. Send an email to:
Tel. 071-527 7756.