For students:

Empirical Industrial Economics (5 cr)

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Code:
26041
Field:
Industrial Organization
Targets:
Master’s students Research Master's students PhD students
Organiser:
Hanken Shool of Economics
Instructor:
Jiekai Zhang
Period:
Period 2
Format:
Lecture
Method:
Contact teaching
Venue:
Hanken campus
Enrollment:
Sisu How to enroll?

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

Content

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.

Teaching

  • Course Sisu page
  • Schedule: TBA in August
  • Study materials: can be found in Moodle (to be added to the list couple of days before the course starts)
    • Access to many Moodle courses requires a 'key' (course password) which you can get from the teacher of the course.
      • Most teachers post the course key as a message in Sisu or send it by email couple of days before the course begins.
    • To be able to use all the features of the Moodle course workspace you must log in with your Hanken user ID (that is generated after the study rights have been granted)
    • For more tips on how to register for a Moodle course area, click here.

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

University-specific instructions

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

  • Code: 26041

  • Target groups: MSc / rMSc / PhD

  • Credit points: 5

University of Helsinki Students
  • 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
FDPE Students Students
  • 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

Learning outcomes

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
  • the most motivated students will also be able to simulate their own sample data and conduct simple counterfactual simulations of regulatory policies