Economics of Strategy (6 cr)

Code:
26094
Field:
Industrial Organization
Target:
Bachelor's students
Organiser:
Hanken School of Economics
Instructor:
Rune Stenbacka
Period:
Period 3
Format:
Participation in teaching
Method:
Contact teaching
Venue:
Hanken campus
Enrollment:

In case of conflicting information consider the Sisu/Moodle pages the primary source of information.

Aalto, Hanken and UH economics students can enroll through their home university’s SISU. Further instructions are available on the How to enroll? page, also for students from other universities.

If you would like to count the credits towards your degree, please check your curriculum or contact your supervisor or student services for guidance.

  • A Moodle course key will be sent by email (to your Hanken email address) or it is posted as a message in Sisu couple of days before the course starts.
  • Log in with your Hanken username to be able to use all the features of the course workspace.
  • More tips for enrolling in Moodle can be found here.

The course presents an introduction to the application of strategic arguments as a basis for decision making in business. It prepares students to conduct industry and competition analysis.

Topics considered include:

  • Management in industries with strategic interaction between firms (oligopoly markets)
  • Merger analysis
  • Strategic delegation
  • Product differentiation and strategic price discrimination
  • Strategic outsourcing
  • Competition with switching costs
  • Dynamic competition
  • The economics of network industries
  • Microeconomic policies: competition policy, technology policy, trade policy and regulation

After completing the course, you will be able to:

  • carry out market analysis focusing on the topics listed above.
  • assess the effects of strategic competition on market performance
  • decompose these effects into effects on industry profits and consumer welfare.