KTTS2120 Strategic Thinking, Competition and Pricing (5 cr)

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Study level:

Advanced studies

Grading scale:

0-5

Language:

English, Finnish

Responsible organisation:

Jyväskylä University School of Business and Economics

Curriculum periods:

2017-2018, 2018-2019, 2019-2020

Description

Content

Demand. Market structure. Market power. Pricing. Strategic behavior and games.

Completion methods

Book exam (for exchange students): autumn term, 2. period

Assessment details

Accepted completion of the designated assignments. The assessment criteria of the course is specified in the study program annually.

Learning outcomes

At the end of the course the student is expected to be able to:
• analyze consumer choices and demand
• solve problems related to optimal pricing
• analyze nature of competition between firms
• understand market structures and sources of market power
• solve simple game-theoretic problems
• evaluate strategic behavior

Additional information

Timing: 4th year

Description of prerequisites

KTTA1110 Mathematical Economics I or equivalent
KTTA2150 Microeconomics I or equivalent)
KTTS1110 Mathematical Economics II (recommended) or equivalent

Study materials

Literature

Walter Nicholson and Christopher Snyder, Microeconomic Theory: Basic Principles and Extensions, 11th Edition (or later), selectively based on chapters: 1-6, 8, 14-15.; ISBN: 9781111525538
Paul Belleflamme and Martin Peitz, Industrial Organization: Markets and Strategies, 2nd edition, selectively based on chapters: 1-3, 4.1, 5-7, 8-10, 13, Appendix A.; ISBN: 9781107687899

Completion methods

Method 1

Select all marked parts

Method 2

Select all marked parts

Parts of the completion methods

Unpublished assessment item