Credits: 6

Schedule: 11.09.2017 - 25.10.2017

Teacher in charge (valid 01.08.2018-31.07.2020): 

Pauli Murto

Teaching Period (valid 01.08.2018-31.07.2020): 

I Autumn (2018-2019), Töölö campus

I Autumn (2019-2020), Otaniemi campus

Learning Outcomes (valid 01.08.2018-31.07.2020): 

This course provides an introduction into the theory and practice of pricing. Theoretical concepts from information economics and game theory are applied in a variety of applications with relevance to real world managerial problems.

Content (valid 01.08.2018-31.07.2020): 

Amongst the topics covered in the course are: Price discrimination,
failure of law of one price, bundling and versioning, revenue management,
auctions and market design. The course requirements include two assignments and
a final examination.

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

  • Exam: scoring 0-5
  • Essay: scoring 0-5
  • Assignments: scoring 0-5
  • Exam 60% Essay + Assignments 40%

Workload (valid 01.08.2018-31.07.2020): 

The course has 4 learning elements: lectures, assignments, essay and final examination.

Lectures and background readings (40h)
• Conceptual background
• Applications and cases introduced

Assignments (40 h)
• Problems with a real-case connection (themes will be given)

Essay: (40h)

• An essay on a topic selected from the material covered in the course.
• Readings and own research into the material.

Exam and preparation (40h)

Study Material (valid 01.08.2018-31.07.2020): 

There is no required textbook for the course. A list of reading assignments is distributed at the beginning of the course.

Course Homepage (valid 01.08.2018-31.07.2020):

Prerequisites (valid 01.08.2018-31.07.2020): 

Bachelor's level courses including 31C01100 Mathematical Methods for Economics (or equivalent methodological studies) completed.

Grading Scale (valid 01.08.2018-31.07.2020): 

0 - 5

Registration for Courses (valid 01.08.2018-31.07.2020): 

Course and exam in WebOodi.

Further Information (valid 01.08.2018-31.07.2020):