Credits: 6

Schedule: 02.01.2017 - 09.02.2017

Teacher in charge (valid 01.08.2018-31.07.2020): 

PhD Mikko Mustonen

Teaching Period (valid 01.08.2018-31.07.2020): 

III Spring (2018-2019), Töölö campus

III Spring (2019-2020), Otaniemi campus

Learning Outcomes (valid 01.08.2018-31.07.2020): 

This course provides students with an understanding of the central issues in industrial organisation such as the determinants of market structure and the theory of market conduct. The strategy game facilitates hands-on experience on oligopolistic competition.

Content (valid 01.08.2018-31.07.2020): 

The course covers monopoly behaviour, oligopolistic markets, firm entry and exit, product differentiation and R&D.

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

Lectures 24h (Home problem assignments 10% of grading)
Strategy Game or Essay (20% of grading)
Exam (70% of grading)

Workload (valid 01.08.2018-31.07.2020): 

Lectures and exam 28h
Strategy Game/Essay and Exercises 40h
Preparing for lectures and exam 92h

Study Material (valid 01.08.2018-31.07.2020): 

Pepall Lynne, D. Richards and G. Norman  Contemporary Industrial Organization:A Quantitative Approach (2011), mandatory.


Other material assigned during the course.

Substitutes for Courses (valid 01.08.2018-31.07.2020): 

Replaces the course Industrial Organization (31E01100).

Course Homepage (valid 01.08.2018-31.07.2020):

Prerequisites (valid 01.08.2018-31.07.2020): 

Intermediate Microeconomics (31C00100) and and Mathematics for Economists (31C01100).

Grading Scale (valid 01.08.2018-31.07.2020): 

0 - 5

Registration for Courses (valid 01.08.2018-31.07.2020): 

Course and exam via WebOodi.

Further Information (valid 01.08.2018-31.07.2020): 

The Competitive Strategy Game (by Severin Borenstein, is voluntary and can be replaced by a term paper. The number of participants is restricted and Aalto Economics MSc students have priority. The game groups are formed at the start of the course.