31E11100 - Microeconomics: Pricing, Lecture, 2.9.2024-16.10.2024

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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.

LEARNING OUTCOMES

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 market design and real world managerial problems.

Credits: 6

Schedule: 02.09.2024 - 16.10.2024

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Pauli Murto

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

CEFR level (valid for whole curriculum period):

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

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

  • valid for whole curriculum period:

    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.

Assessment Methods and Criteria

  • valid for whole curriculum period:

    • Exam
    • Assignment
    • Exercise sets

Workload

  • valid for whole curriculum period:

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

    Lectures and background readings (48h)
    - Conceptual background
    - Theory and applications 

    Assignments (42 h)

    - Problems with a real-case connection (themes will be given)

    Exercises: (42h)

    - Three exercise sessions.

    - The students work independently on problem sets and hand them in before the exercise sessions.

    Exam and preparation (28h)

DETAILS

Study Material

  • valid for whole curriculum period:

    There is no required textbook for the course. A list of readings is provided at the beginning of the course.

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Teaching Language: English

    Teaching Period: 2024-2025 Autumn I
    2025-2026 Autumn I

    Registration:

    Registration in Sisu. 

Rules of Conduct - Students´ Rights and Responsibilities (in force from 1 August 2020)

Aalto University Code of Academic Integrity and Handling Violations Thereof