14333 Business Strategy and Competition Policy
Through this experience a number of specific benefits will result. First, at a very general level, students will gain an enhanced understanding of when markets work and when markets fail. This deeper understanding of markets, in turn, provides the relevant benchmark against which to judge appropriate and inappropriate government policies toward business. Second, a more specific set of benefits flow from a detailed study of competition and regulatory policies. These policies shape industry structure and, therefore, strategy in many industries. Specific examples include recent and lively debates in the United States and around the world regarding mergers and monopolization. Third, the specific cases discussed will focus on active and visible “new economy - Big Tech” industries and cutting edge debates regarding business practices and policies. An improved exposure to these industries enriches and broadens business knowledge. Finally, students will engage in an immersive “trial” in which a firm is accused of violating U.S. antitrust law. Students will assume the role of lawyers, economists and business experts throughout the trial. This is a unique, fun and massively educational exercise.
Duration: 16 until 26 August 2021
Place: Faculty of Business and Economics, Peter Merian-Weg 6, Room: S15
Monday, 16 August 2021, 14:00 - 16:30
Tuesday, 17 August 2021, 14:00 - 16:30
Wednesday, 18 August 2021, 14:00 - 16:30
Thursday, 19 August 2021, 14:00 - 16:30
Monday, 23 August 2021, 14:00 - 16:30
Tuesday, 24 August 2021, 14:00 - 16:30
Wednesday, 25 August 2021, 14:00 - 16:30
Thursday, 26 August 2021, 14:00 - 16:30
Final exam (50%), group assignment (30%t), individual in-class participation (20%).
The final exam is scheduled for: 30 August 2021, 13:00 – 14:30
Solid understanding of business and economics on the BA level.
In addition, the following courses on the Master level will prove complementary to (but are not required) for this course:
Industrial Organization, 41904
Advanced Industrial Organization (Fortgeschrittene Industrieökonomie, 10623)
Economic Theory of Policy (Ökonomische Theorie der Politik, 15965)
For further information please contact the Summer School office.
Prof. John Mayo
Professor of Economics, Business and Public Policy
McDonough School of Business, Georgetown University