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2019/2020  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
Teaching methods
  • Face-to-face teaching
Last updated on 08-05-2019

Relevant links

Learning objectives
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 before the registration deadline for elective courses. You may find the registration deadlines on my.cbs.dk ( https:/​/​studentcbs.sharepoint.com/​graduate/​pages/​registration-for-electives.aspx ).

Please also remember to sign up through the online registration.
Prerequisites for registering for the exam (activities during the teaching period)
Number of compulsory activities which must be approved: 2
Compulsory home assignments
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 2-4 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-point grading 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
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

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.

Description of the teaching methods
• Class lectures
• Student presentations of relevant journal articles
• Class and home exercises
Feedback during the teaching period
The students will receive feedback after the assignments and in connection with student presentations. In addition, the students can receive individual feedback during 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 08-05-2019