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26044 Markets and Industrial Organization, 5 sp 
Kod 26044  Giltighet 01.01.1950 -
Namn Markets and Industrial Organization  Förkortning MarketInd,Hki 
Omfattning5 sp  Föråldringstid 10 år
TypFördjupade studier Läroämne260 Nationalekonomi 
SlagStudieperiod  Timantal  
Studierätt   BedömningStandardskala 
Rekom. prestationstid 
   
Ansvarig enhet Nationalekonomi, Helsingfors 

Examinator
Namn
Zhang, Jiekai 

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) behavior 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, evaluating the product choice of firms, as well as the basics of simulating data and 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, finance, health economics and international trade. Students learn to implement some of the estimation techniques covered in the course using econometric software Stata. The most motivated students are also encouraged to use R and Matlab.

 
Lärandemål 

You have the capacity to use the concepts and methods of modern industrial organization when analysing choices made by consumers and firms, as well as the functioning of various types of markets. You have also developed your analytical reasoning skills by working with equations to analyse micro-economic phenomena and market outcomes.

 
Efter avlagd kurs kan du 
  • 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 
 
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 Mikro-ekonomisk 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 
  • Belleflamme, P. & Peitz, M. (2015). Industrial Organization: Markets and Strategies. Second Edition. Cambridge: Cambridge University Press. Chapters 1-7, 16-17 
  • Tirole, J. (1988). The theory of industrial organization. Cambridge, MA: MIT Press.

Other material, as assigned by the lecturer during the course. 

 
Examination och bedömning 

Project assignement (40%)
Exercices (40%)
Active lecture participation (20%)

 
Examinator 

Jiekai Zhang

 
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 Markets and Industrial Organization, Hki  Kurs  Zhang, Jiekai 
25.10.21 -10.12.21 -

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