This course is an introduction to the microeconomic theory and to its implications in terms of industrial organization.

In the first part of the course, the analysis takes place at the level of the firm. Different types of technologies employed by firms that produce on competitive markets are characterized. Each technology is linked to a particular cost structure, and an analysis of the different cost functions is thereby conducted. Then, the profit maximization by the firm is presented and the supply curve of the firm is analyzed.

The second part of the course focuses on market structures. In particular, perfect competition is considered (many producers, many consumers). This market structure will then be compared to different models of imperfect competition (monopoly - one firm/many consumers, oligopoly - small number of firms/many consumers, monopolistic competition).

The course will be illustrated by many theoretical and concrete examples.

Exercices will also be proposed to the students.