Strategic Management of Markets and Growth: Industrial Policy in Europe

  • Summer schools
  • Department of Management
  • Application code SS-MG203
  • Starting 2020
  • Short course: Closed
  • Location: Houghton Street, London

UPDATE: Due to the global COVID-19 pandemic we will no longer be offering this course in summer 2020. Please check our latest news on this situation here.

Following a long period of deregulation and market liberalisation, there is an increasing realisation today that the relationship between markets and states is one of partnership rather than antagonism.

Business needs government to harness local comparative advantages and national competitiveness; and governments need business to create wealth, jobs and economic prosperity.

The course examines analytically and empirically the industrial and related policies aiming to achieve this in the European context. Combining an accessible treatment of the theory of market regulation and industrial policy with an applied focus on industrial and development policies in Europe, the course offers an excellent introduction to some of the key policy questions concerning the management of economic growth and on the challenges that the European economies have faced since the economic and financial crisis. 

Session: Two
Dates: 13 July – 31 July 2020
Lecturers: Dr Vassilis Monastiriotis and Dr Bob Hancké


Programme details

Programme structure

This course looks at the role of government in facilitating economic and business development, focusing on the particular case of industrial policy with emphasis on the European economic space.

The relationship between states and markets and the market failures that justify government intervention and market regulation are the foundations of this approach. The course then examines the particular modes of regulation in Europe and the industrial structures and ‘varieties’ of capitalism found across the EU.

The balance of the course debates ideas on the role, objectives and instruments of industrial policy; on the role of industrial policy in the EU in the past and across policy areas; on the recent re-emergence of an industrial policy discourse in the EU and beyond; and on the re-emergence of ‘new industrial policy’ initiatives across countries in Europe – from Britain’s new “Industrial Strategy” to Germany’s “Modern Industrial Policy”, to Hungary’s model of maintaining national influence in key industries. 

Key facts

Level: 200 level. Read more information on levels in our FAQs

Fees:  Please see Fees and payments

Lectures: 36 hours 

Classes: 18 hours

Assessment*: 30% group project presentation and 70% final exam

Typical credit**: 3-4 credits (US) 7.5 ECTS points (EU)

*Assessment is optional

**You will need to check with your home institution

For more information on exams and credit, read Teaching and assessment


A university level introductory course in a social science subject such as economics, business, management, European studies, political science, or international relations.

Course outcomes

  • Concrete knowledge and understanding of the state-market relationship, the failures that necessitate market-correction and regulation by governments, and the challenges that emerge in relation to this;
  • All-around knowledge of the range of policies applied in the EU to enhance economic potentials and performance (allocation, development and convergence policies); and
  • An understanding of the systemic variation in the economic structures of the economies of different European countries and the governance models that these link todemonstrate an in-depth, critical understanding of the scope and challenges of market regulation and the design of investment and industrial policies
  • Differentiate between types of regulation, models of state intervention and approaches to industrial policy
  • Discuss and evaluate key policy initiatives in the EU and its member states concerning market regulation, economic protectionism and investment and development policies 


LSE’s Department of Management is a  world-leading centre for research and education in business and management. Its location within a world-class social science institution at the heart of a leading global city makes it unique among other management and business schools. This position gives the Department the unparalleled capability to deliver research and education which advance the frontiers of understanding in management through an integrated view of the economic, psychological, social, political and technological contexts in which people, teams, organisations and markets operate worldwide.

Proud to be part of LSE, an institution that ranks #2 in the world for social sciences and management (QS World University Rankings 2018) and #1 in the UK for research in business and management studies (REF 2014). LSE Management currently ranks #1 in the world for thought leadership in management (QS Master's in Management Rankings 2018). The Department engages with people and organisations worldwide, across the private, public, and third sectors, who are motivated to improve the world through better understanding and practice of management.

On this three week intensive programme, you will engage with and learn from full-time lecturers from the LSE’s management faculty.

Reading materials

There are no set texts for this course. Sample articles / chapters include:

  • Mosconi F. (2015), The New European Industrial Policy: Global Competitiveness and the Manufacturing Renaissance, Routledge.
  • Guay T. (2014), The Business Environment of Europe Firms, Governments, and Institutions, Cambridge University Press.
  • Ambroziak A. (ed) (2017), The New Industrial Policy of the European Union, Springer.
  • Coen D., Grant W. and Wilson G. (2010), The Oxford handbook of business and government, Oxford University Press.

Students will be given electronic access to the full list of cases/texts/articles at the beginning of the course.

*A more detailed reading list will be supplied prior to the start of the programme

**Course content, faculty and dates may be subject to change without prior notice

Sign up

Sign up

  • Please enter a valid email address. We will send you relevant material regarding the LSE Summer School programme.
  • Which course subject area(s) would you like to know more about?
  • Your privacy
    The details you give on this form will be stored on a secure database. LSE Summer School will use your data to send you relevant information about the School and to find out about your experiences of applying to LSE. The data on the form will also be used for monitoring purposes and to track future applications. LSE will not give or sell your details to any other third party organisation. Your data is subject to the LSE website terms and conditions and our Data Protection Policy. You can withdraw from our lists at any time by using the 'unsubscribe/manage email preferences' link that can be found in the footer of each email, or by contacting

How to Apply

Related Programmes

Competitive Strategy and Game Theory

Code(s) SS-MG205

Strategic Management

Code(s) SS-MG106

Business Strategy in International and Emerging Markets

Code(s) SS-MG206

Request a prospectus

  • Name
  • Address

Register your interest

  • Name

Speak to Admissions

Content to be supplied