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26033 Competition Economics, 5 cr 
Code 26033  Validity 01.01.1950 -
Name Competition Economics  Abbreviation CompEcon,Hki 
Credits5 cr  Date of expiry 10 years
TypeAdvanced studies Subject260 Economics 
KindCourse  Hours  
Study right   Gradingpoints (0-100), passed 
Recommended time 
   
Organisation Economics, Helsinki 

Examiner
Name
Stenbacka, Rune 

Description
Course Description 

This course presents a modern approach to competition economics with an emphasis on selected elements of strategic competition and on European competition policy. The participants are expected to have some knowledge of elementary models associated with the economics of strategy (game theory and oligopoly models). The course will focus on the following issues:

  • the definition of a relevant market
  • horizontal agreements, collusion and the enforcement of cartel laws
  • vertical agreements
  • concerted practices with a particular focus on the exchange of information between competitors
  • evaluations of mergers, in particular horizontal mergers
  • business practices in light of the prohibition to abuse market dominance
  • strategic creation of switching costs and loyalty-enhancing pricing strategies
  • price discrimination with a particular focus on history-based pricing
  • individualized pricing and privacy
  • the relationship between competition policy and sector-specific regulation.

The course is linked to the contemporary legal framework in Europe, but is not a course in competition law. The course will present topical European competition cases and present an overview of the main methods used to evaluate competition policy cases.

 
Learning Goal 

You are acquainted with the central features of European competition law and its implementation from a theoretical as well as an empirical perspective.

 
After completing the course, you will be able to 

• design business strategies and pricing for firms in recognition of the central constraints imposed by competition law.
• conduct market analysis in recognition of the central constraints imposed by competition law.

 
Course Category 

Class-based course

 
Pre-requisites 

A completed intermediate level course in microeconomics.

 
Total Student Workload 

134 hours divided into
Scheduled (contact) hours: 30 h
Non-scheduled work: 104 h

 
Instruction 

Lectures 30 h, exercises, cases

 
Literature and Course Material 
  • Motta, M. (2004). Competition Policy: Theory and practice. Cambridge: Cambridge University Press. Chapters 3-7.
  • Belleflamme P. & M. Peitz (2015). Industrial Organization: Markets and Strategies. Second Edition. Cambridge: Cambridge University Press. Chapters 7-10, 14 and 15.
 
Assessment 

Final exam 100 %

 
Equivalent Courses 

Students who have completed the earlier course Competition Policy (6 ECTS, course code 2687) cannot take this course.

 
Non-degree studies (Open University, JOO and Contract Studies) 

Open university quota: 3
Quota for JOO-students: 3

 


Courses now and in the future (registration requires login and a valid study right)
Function Name Type cr Course coordinator Time table
Registration not started Competition Economics, Hki  Course  Stenbacka, Rune 
16.03.20 -08.05.20 -

Future exams
no exams