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2017/2018  KAN-COECO1055U  Advanced Industrial Organization

English Title
Advanced Industrial Organization

Course information
Language English
Course ECTS 7.5 ECTS
Type Mandatory offered as elective
Level Full Degree Master
Duration One Semester
Start time of the course Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 50
Study board
Study Board for MSc in Advanced Economics and Finance
Course coordinator
  • Cédric Schneider - Department of Economics (ECON)
Main academic disciplines
  • Economics
Last updated on 28-09-2017

Relevant links
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: Students are required to:
  • 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.
  • Formulate theoretical models that capture assumptions made.
Course prerequisites
This is a mandatory course for the elite MSc in Advanced Economics and Finance. It is assumed that students have knowledge similar to the entry requirements for the MSc in Advanced Economics and Finance. For spring courses knowledge similar to the content of the 1st-semester courses is assumed as well. The courses have 45 confrontation hours (lectures and exercises), and there is a high level of interaction between lecturer and students, and in general a high work load.

To sign up send a 1-page motivational letter, a 1-page CV, and a grade transcript to oecon.eco@cbs.dk no later than 12 December 2017. Please also remember to sign up through the online registration.
Prerequisites for registering for the exam
Number of mandatory activities: 2
Compulsory assignments (assessed approved/not approved)
In order to qualify for the final exam, students must hand in and get approved 2 (out of 3) problem sets. The assignments are made in groups of two students.

If a student - due to documented illness or failed attempts - does not pass 2 out of 3 exercise preparations, the student will be given a final chance to retake this part of the course by handing in a new exercise preparation prior to the final exam.
Examination
Advanced 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) One internal examiner
Exam period Summer
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

The purpose of this course is to progress on some topics from the undergraduate teaching of Microeconomics and /or Industrial Organization (e.g. oligopoly coordination or vertical restraints) and to cover some additional topics (for example the economics of networks and two-sided markets, mergers, as well as R&D and innovation). The course will also cover the new empirical industrial economics that analyses real market behaviour on the basis of IO theory. It is assumed that students are familiar with Intermediate Microeconomics.
Teaching methods
Lectures and exercises
Feedback during the teaching period
After mid-term exam
during lectures
Office hours
Student workload
Teaching 45 hours
Exam/home assignments 20 hours
Preparation 141 hours
Further Information

Part of this course may be taken as a PhD course by a limited number of PhD students.
Expected literature

Indicative:
Paul Belleflamme and Martin Peitz (2010), Industrial Organization: Markets and Strategies, Cambridge et al.: Cambridge University Press and a collection of articles.
Last updated on 28-09-2017