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.
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.
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
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
Contact teaching 30h
Independent work 127h
Exam 3h presence
Total 160h (6 ECTS)
Reading material assigned during the course.
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.
- Teacher: Iivo Vehviläinen