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26041 Empirical Industrial Economics, 5 sp 
Kod 26041  Giltighet 01.01.1950 -
Namn Empirical Industrial Economics  Förkortning EmpIndEcon,Hki 
Omfattning5 sp  Föråldringstid 10 år
TypFördjupade studier Läroämne260 Nationalekonomi 
SlagStudieperiod  Timantal  
Studierätt   Bedömningpoäng (0-100), godkänd 
Rekom. prestationstid 
   
Ansvarig enhet Nationalekonomi, Helsingfors 

Beskrivning
Kursbeskrivning 

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) behaviuor 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, measurement of productivity, as well as basics of simulation of 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, health economics and international trade. Students learn to implement some of the estimation techniques covered in the course using econometric software Stata.

Doctoral students can also take this course.

 
Lärandemål 

You have the capacity to understand complicated econometric analyses of market outcomes and can analyse markets and competition using microeconomic data.

 
Efter avlagd kurs kan du 
  • 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
  • conduct simple counterfactual simulations of policies
  • evaluate productivity of firms
 
Kurskategori 

Class-based course

 
Internationalisering 

We will study international market using international data sets.

 
Förkunskaper 

You should be familiar with basic concepts in microeconomics, industrial organization and econometrics. The participants should have taken a course in intermediate microeconomics (such as 26032 Mikroekonomisk företags- och samhällsanalys, or equivalent), and an intermediate level course on econometrics (such as 3606 Econometrics, or equivalent). You should have some experience in using econometric software, such as Stata. Knowledge of other programming languages, such R, Matlab or
Python, is also useful.

 
Studerandes totala arbetsmängd 

134 hours divided into
Scheduled (contact) hours: 30 h (24h lectures + 6h tutorial & problem sets discussion)
Non-scheduled work: 104 h

 
Undervisningsformer 

Lectures + exercises + project assignment. Kindly note that you are expected to be present at the first lecture session to confirm your participation in the course.

 
Litteratur och undervisningsmaterial 

There is no textbook available, but the course material is partially and selectively based on the following handbook chapter and articles:

  • Berry, S. T. (1994). Estimating discrete-choice models of product differentiation. The RAND Journal of Economics, 25(2), 242-262.
  • Nevo, A. (2000). Mergers with differentiated products: The case of the ready-to-eat cereal industry. The RAND Journal of Economics, 31(3), 395-421.
  • Reiss, P. C. & Wolak, F. A. (2007). Structural Econometric Modeling: Rationales and Examples from Industrial Organization, in: Heckman, J. J. & Leamer, E. E. (eds.) (2007), Handbook of Econometrics, edition 1, volume 6A, chapter 64, Elsevier. Chapters 4, 6 and 7.
 
Examination och bedömning 

Project assignement (50%)
Exercices (30%)
Active lecture participation (20%)

 
Fristående studier (Öppna universitetet, JOO och samarbeten) 

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

 


Pågående och kommande undervisning (anmälan kräver inloggning och giltig studierätt)
Funktionerna Namn Typ sp Kursansvarig Tidtabell
anmälningstiden har inte börjat Empirical Industrial Economics, Hki  Kurs  Zhang, Jiekai 
15.03.21 -07.05.21 -

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