Markets and Industrial Organization (5 cr)

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 campus

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

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. 

  • 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.

Aalto University Students
  • Code: no equivalent code
  • Target groups: MSc / rMSc / PhD
  • Credit points: 5
  • Credit transfer: please apply for inclusion
Hanken Students
  • Code: 26044

  • Target groups: MSc / rMSc / PhD

  • Credit points: 5

University of Helsinki Students
  • Code: ECOM-444
  • 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

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.