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2019/2020  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
  • Jurre Thiel - Department of Economics (ECON)
Main academic disciplines
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 11-09-2019

Relevant links

Learning objectives
  • Formulate and analyze theoretical models of firm decision making
  • Apply game theoretic concepts to models of firm decision making
  • Identify appropriate theories to analyse firm decision making
  • Explain how empirical or case studies in industrial organization relate to theoretical models
Prerequisites for registering for the exam (activities during the teaching period)
Number of compulsory activities which must be approved: 1
Compulsory home assignments
The students must get one of the two mandatory quizzes approved in order to register for the exam

Students will not have extra opportunities to get the required number of compulsory activities approved prior to the ordinary exam. If a student has not received approval of the required number of compulsory activities or has been ill, the student cannot participate in the ordinary exam.
If a student prior to the retake is still missing approval for the required number of compulsory activities and meets the pre-conditions set out in the program regulations, an extra assignment is possible.
The extra assignment is a 10 page home assignment that will cover the required number of compulsory activities. If approved, the student will be able to attend retake.
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-point grading scale
Examiner(s) Internal examiner and external examiner
Exam period Winter
Aids Limited aids, see the list below:
The student is allowed to bring
  • Any calculator
The student will have access to
  • basic IT application package
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, structure and pedagogical approach

This course gives an overview of modern industrial organizations and, with a focus on inter-firm relations. It complements KAN-CAEFO1074U Firm Theory and Corporate Governance which focused on the intra-firm relations. We will use microeconomics, game theory, and empirical methods to analyze how firms strategically interact in markets. After reviewing the basic pricing and oligopoly models, the course will cover strategic investments, antitrust policy, contractual relations between firms, non-price competition, and network issues. 

Description of the 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
  1. Cabral, L. M. (2017). Introduction to industrial organization. 2nd Edition, MIT press.
Last updated on 11-09-2019