Economics

Economics aims to deepen the understanding of how markets function, and the implications for strategic behaviour by the various market participants.

Ongoing technological progress and continuing globalisation have resulted in economies becoming increasingly integrated. One of the consequences of this integration is that competition between firms (in all sectors, including fnancial services and manufacturing industries) becomes ever harsher. Firms need to think carefully how to avoid the negative effects of increased competition on their profits, but they also need to consider whether they can strategically benefit from the opportunities globalisation and increased market integration create. But firms are not the only agents who need to think strategically; increased economic integration implies that governments are also confronted with ever-changing threats and opportunities. The challenging problems firms and governments are confronted with have in common that they exist because of market failures ? missing markets, imperfect monitoring, etc. You can choose among four tracks within this Master's: Competition and Regulation, Socio-economic Policy, Resources, Development and Growth, and International Economics and Finance.

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