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- Code:
- 26044
- 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
- Enrollment:
In case of conflicting information consider the Sisu/Moodle pages the primary source of information.
Aalto and UH economics students can enroll in their home university’s SISU! Further instructions can be found on the How to enroll? page, also for other students.
Before taking and completing the course make sure that the credits can be counted towards your degree at your home university by checking which courses are included in your curriculum or by contacting your home university’s student/learning services.
- A Moodle course key will be sent by email (to your Hanken email address) or it is posted as a message in Sisu couple of days before the course starts.
- Log in with your Hanken username to be able to use all the features of the course workspace.
- More tips for enrolling in Moodle can be found here.
Content
This course shows how micro-economic models can be used to analyse the functioning of markets and industries. We will focus on economic phenomena that are typically studied in the field of industrial organization (IO). The course will cover the following topics: technology and costs of firms, market structure, product differentiation, and network choice, barriers to entry, vertical controls and vertical contracts, markets with intermediaries and platforms, and markets with network effects. This course presents students the necessary theoretical foundations for subsequent analytical studies of markets, strategic competition and economic implications of entry as well as regulation. It also illustrates how IO models can be used to analyse data on markets outcomes. The course consists of two parts: The first part introduces various tractable IO models that can be used to carry out analytical studies. The second part consists of assigned readings and student presentations. Students will be asked to read assigned papers and to present them to others in class.
Learning outcomes
After completing the course, you will be able to:
- identify different types of markets and how they function
- apply essential IO concepts to evaluate consumers’ choices and firms' decisions in markets
- explain competitive and strategic conduct from the perspective of managerial decision-making
- develop business strategies for firms in different kinds of environments.