Please note! Course description is confirmed for two academic years (1.8.2018-31.7.2020), which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

At the end of the course the student has learned how economics can be used to understand and analyze firm decisions and strategies in modern market places, such as online and digital markets. 

Credits: 6

Schedule: 11.01.2021 - 24.02.2021

Teacher in charge (valid 01.08.2020-31.07.2022): Iivo Vehviläinen

Teacher in charge (applies in this implementation): Iivo Vehviläinen

Contact information for the course (applies in this implementation):

CEFR level (applies in this implementation):

Language of instruction and studies (valid 01.08.2020-31.07.2022):

Teaching language: English

Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content
  • Valid 01.08.2020-31.07.2022:

    Economic approch for analyzing strategic interactions between firms, basic workhorse models of competition, introduction to auction theory with emphasis on online advertisement auctions, and preliminaries of network effects and platform economics. Practical applications are used to illustrate how digital and online markets are different, what economic theories are behind successful online platforms and where policy interventions might be required.

Assessment Methods and Criteria
  • Valid 01.08.2020-31.07.2022:

    40% exam
    60% assignments

Workload
  • Valid 01.08.2020-31.07.2022:

    Contact teaching 30h
    Independent work 127h
    Exam 3h presence
    Total 160h (6 ECTS)

DETAILS

Study Material
  • Valid 01.08.2020-31.07.2022:

    Reading material assigned during the course.

Prerequisites
  • Valid 01.08.2020-31.07.2022:

    Students are expected to have at least a principles level understanding of economics. Intermediate level microeconomics course would give a useful background. Participants lacking such knowledge may need to do additional independent work before/during the course.

FURTHER INFORMATION

Description

Registration and further information