AØKA08082U Cancelled Advanced Industrial Organization (Cancelled)

Volume 2023/2024

MSc programme in Economics – elective course


The PhD Programme in Economics at the Department of Economics - elective course with resarch module (PhD students must contact the study administration and the lecturer in order to write the research assignment)


This course advances on some topics from the undergraduate course on Industrial Organization (IO). The course covers mainly theoretical IO (and only to a lesser extent empirical IO). Topics include Price Discrimination, Vertical Relationships and Contracting Externalities, Dynamic Competition, Auctions, Regulation of Monopolies,  Market Power, Mergers, Collusion and Two-sided Markets.

Learning Outcome

After completing the course the student is expected to be able to:



  • Account for the theories at a level as found in research papers published in the major journals.

  • Discuss the real-world relevance of the theories.



  • Model economic problems in markets with few firms, using the appropriate (often game theoretic) methods,

  • Solve formal models using tools from mathematical optimization theory and game theory.

  • Analyze questions related to industrial organization drawing upon one or more theories

  • Analyze problems within industrial organization using the acquired tools.



  • Implement models that are variations of the models and theories covered in the course and to provide economic intuition for the results obtained.

Jean Tirole: “The Theory of Industrial Organization” MIT press, 1988, plus a number of journal articles.


The book by Tirole is a classic text on IO theory. Although it never really goes out of date and is still a standard reference for every serious IO specialist, the book is now almost 30 years old. To bring the students to the research frontier, more recent research papers will cover various topics in theoretical IO.

Mathematics and microeconomics as taught in the Bachelor program economics is expectedThe course Microeconomics III is strongly recommended and the course Industrial Organization at the Study of Economics, Copenhagen University, is recommended.
3 hours lectures once a week from week 36 to 50 (except week 42).

The overall schema for the Master can be seen at KUnet:
MSc in Economics => "Courses and teaching" => "Planning and overview" => "Your timetable"
KA i Økonomi => "Kurser og undervisning" => "Planlægning og overblik" => "Dit skema"

Timetable and venue:
To see the time and location of lectures and exercise classes please press the link/links under "Se skema" (See schedule) at the right side of this page. E means Autumn. The lectures is shown in each link.

You can find the similar information partly in English at
-Select Department: “2200-Økonomisk Institut” (and wait for respond)
-Select Module:: “2200-E19; [Name of course]””
-Select Report Type: “List – Weekdays”
-Select Period: “Efterår/Autumn – Weeks 31-5”
Press: “ View Timetable”
  • Category
  • Hours
  • Lectures
  • 42
  • Preparation
  • 162
  • Exam
  • 2
  • Total
  • 206
Continuous feedback during the course of the semester
7,5 ECTS
Type of assessment
Written examination, 3 hours under invigilation
Type of assessment details
The exam assignment is given in English and must be answered in English.
Exam registration requirements

There are no requirements during the course that the student has to fulfill to be able to sit the exam.


Without aids
Marking scale
7-point grading scale
Censorship form
No external censorship
for the written exam. The exam may be chosen for external censorship by random check.
Exam period

Exam information:

The exact time and room will be available in the Digital Exam from the middle of the semester.


In special cases, the exam date can be changed to another day and time within the exam period.


For enrolled students more information about examination, rules etc. is available at the intranet for Master students (UK) and Master students (DK).



The reexam is a 20 min. oral exam without aids and no preparation time. 


Reexam information:

Information about the reexam will be available in the Digital Exam early February.


More information is available at Master(UK) and Master(DK).


Criteria for exam assesment

Students are assessed on the extent to which they master the learning outcome for the course.


To receive the top grade, the student must with no or only a few minor weaknesses be able to demonstrate an excellent performance displaying a high level of command of all aspects of the relevant material and can make use of the knowledge, skills and competencies listed in the learning outcomes.