Oxford University Business Economics Programme
Oxford, United Kingdom
24 July 2010- 06 August 2010
Hosted By: Oxford University
Understanding fundamental economic interactions and relationships is a key input into business success. The Oxford University Business Economics Programme is an international course which offers business executives and senior managers intensive training on how to take into account the macroeconomic environment, industry trends, and market developments in their strategies and decision making. The course content spans a range of economic concepts, from market structure (monopoly, oligopoly, perfect competition) to game theory models of rivals' interaction (Bertrand, Cournot, tacit collusion) and the analysis of auctions, with various case studies to illustrate business successes and failures.
NERA Associate Director David Matthew was this year's guest speaker on competition policy and antitrust. He described the institutional setup in the UK (in particular the OFT and the Competition Commission) and Europe (in particular DG Comp at the European Commission), gave an overview of the main types of investigation (such as merger control, cartels and anticompetitive agreements, abuse-of-dominance, market investigations and sector inquiries, and state aid investigations), and discussed the role of economics in competition cases.
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