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, user data and algorithmic pricing, 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.
Doctoral students can also take this course.
- Completion method: TBA
- Schedule: to be found in Schema (schedule is not yet published)
- 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)
- A Moodle course key will be sent by email 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
Please register for the course in the Hanken Sisu with your Hanken username. Further instructions (link to be added here later).
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.