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2021/2022  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
  • Blended learning
Last updated on 21/12/2021

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
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 Home assignment - written product
Size of written product: Please see text below
Assignment type: Written assignment
Duration: Written product to be submitted on specified date and time.
Description of the exam procedure

About make-up/re-take exam:


No max on pages, students have 4 hours to comeplete the assignment.


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 organization, 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 and network issues. 

Description of the teaching methods
Lectures mixed with exercices.
Feedback during the teaching period
1. One voluntary individual assignment. The assignment will be similar to half an exam. Students will receive feedback using Canvas rubrics.
2. Solutions to exercises discussed in the exercise session are available to students giving them a chance to check their ability to solve relevant problems.
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.
  2. Selected chapters from Church, J. and Ware, R. (2000). Industrial Organization: A Strategic Approach. 1st Edition, McGraw-Hill. This book is out print, but the authors have posted a free version on-line. A link will be posted on Canvas.
  3. Selected journal articles, to be posted on Canvas.

Last updated on 21/12/2021