In case of conflicting information consider the Sisu/Moodle pages the primary source of information.

This course aims to provide students with a solid understanding of the modern empirical tools used in empirical industrial economics (EIE) to analyse consumer behaviour, (strategic) behavior of firms and market outcomes. EIE combines formal economic theory, knowledge of relevant institutions, micro-economic data, sophisticated econometric tools and computer programming to evaluate how markets function and how much market power firms have. The course covers estimation of static demand (incl. elementary discrete choice models), estimation of marginal costs and mark-ups of firms, evaluating the product choice of firms, as well as the basics of simulating data and counterfactual outcomes. By doing so the course helps the students to develop skills needed to conduct solid analysis in EIE.

The methods covered are also widely used in marketing, finance, health economics and international trade. Students learn to implement some of the estimation techniques covered in the course using econometric software Stata. The most motivated students are also encouraged to use R and Matlab.

Doctoral students can also take this course.

  • Completion method: contact teaching
  • Schedule: can be found in Schema
    • search for teaching event (sök händelser) with the course name or Hanken course code and click the Info button and then choose the Reservations (Bokningar) sheet
  • Study materials: can be found in Moodle (to be added to the list couple of days before the course starts)
    • Tips for enrolling in a Moodle course area can be found here

Please register for the course in the Hanken Sisu with your Hanken username, further instructions can be found here.

    • Code: no equivalent code
    • Target groups: MSc / rMSc / PhD
    • Credit points: 5
    • Credit transfer: please apply for inclusion
    • Code: 26041

    • Target groups: MSc / rMSc / PhD

    • Credit points: 5

    • Code: ECOM-443
    • Target groups: MSc / rMSc / PhD students: please contact your supervisor/program director to be sure that the course credit can be counted towards your degree
    • Credit points: 5
    • Credit transfer: apply for substitution in Sisu
    • Please contact your supervisor/program director to be sure that the course credit can be counted towards your degree
    • Credit transfer: please apply for credit transfer according to your home university’s procedures

After completing the course, you will be able to:

  • study consumers’ preferences (e.g., price-elasticity, preference for different product characteristics)
  • evaluate the degree of competition in a market and estimate mark-up of firms
  • evaluate the product choice of firms
  • simulate sample data
  • conduct simple counterfactual simulations of regulatory policies