Please note! Course description is confirmed for two academic years, 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.


This course will introduce students to the advanced research topics and methods in Empirical Industrial Organization (IO). The course continues the process of preparing economics Ph.D. students to conduct thesis research in this area.

Credits: 6

Schedule: 09.01.2023 - 22.02.2023

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Otto Toivanen

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

For all practical matters:

Teaching is shared by the topic, see schedule for lecturers. 

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English


  • valid for whole curriculum period:

    The topics covered in the course include auctions, productivity, static entry models, vertical relations, and applications to various markets.

Assessment Methods and Criteria
  • applies in this implementation

    exercises and a take home exam


Study Material
  • valid for whole curriculum period:

    Research articles assigned during the course.

  • applies in this implementation

    see the reading list

Substitutes for Courses


Details on the schedule
  • applies in this implementation

    Week 1 – Introduction and electricity markets (lectures Iivo Vehviläinen)

    9 Jan     Introduction, structural models

    11 Jan   Electricity markets

    Week 2 – Guest lectures (Gautam Gowrisankaran)

    16 Jan

    18 Jan 

    Week 3 – Productivity (Nelli Valmari) 

    23 Jan

    25 Jan

    Week 4 – Health markets (Tanja Saxell)

    30 Jan

    1 Feb

    Week 5 – Auctions (Janne Tukiainen)

    6 Feb

    8 Feb

    Week 6 – Entry (Otto Toivanen)

    13 Feb

    15 Feb