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2017/2018  KAN-CAEFO1076U  Inter-firm Relations: Industrial Organization

English Title
Inter-firm Relations: Industrial Organization

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Karol Szwagrzak - Department of Economics (ECON)
Main academic disciplines
  • Economics
Last updated on 31-05-2017

Relevant links

Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • Analyze theoretical models of strategic interaction in markets.
  • Apply game theoretic concepts to models of firm decision making
  • Evaluate empirical studies in the field of industrial organization
  • Explain how empirical studies in industrial organization relate to theory
Inter-Firm Relations: Industrial Organization:
Exam ECTS 7,5
Examination form Written sit-in exam on CBS' computers
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) Internal examiner and external examiner
Exam period Winter
Aids Limited aids, see the list below:
The student is allowed to bring
  • Non-programmable, financial calculators: HP10bll+ or Texas BA II Plus
  • Language dictionaries in paper format
At all written sit-in exams the student has access to the basic IT application package (Microsoft Office (minus Excel), digital pen and paper, 7-zip file manager, Adobe Acrobat, Texlive, VLC player, Windows Media Player). PLEASE NOTE: Students are not allowed to communicate with others during the exam : Read more about exam aids and IT application packages here
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Course content and structure

This course gives an overview of modern industrial organizations and, with its focus on inter-firm relations. It complements KAN-CAEFO1074U Firm Theory and Corporate Governance which is focused on the intra-firm relations.

We will use microeconomics, game theory and econometrics to analyze how firms strategically interact in markets. After reviewing the basic oligopoly models, the course will cover antitrust policy, contractual relations between firms, non-price competition and network issues. There will be empirical applications to each theoretical model.

Teaching methods
Lectures mixed with exercices.
Feedback during the teaching period
Solutions to exercises discussed in the exercise session are available to students giving them a chance to check their ability to solve relevant problems. Solutions to other relevant exercises will also be provided.

The teacher might offer quizzes giving students a quick indication of their understanding of certain topics.
Student workload
Teaching + exercises 47 hours
Exam 4 hours
Preparation 155 hours
Expected literature

Preliminary literature:
Pepall, Lynne, Dan Richards and George Norman (2008). Industrial Organization, Contemporary Theory and Empirical Applications. 4th Edition, Blackwell Publishing: Malden, Oxford and Victoria.

Last updated on 31-05-2017