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721349S Managerial Economics, 6 ECTS cr 
Code 721349S  Validity 01.01.2019 -
Name Managerial Economics  Abbreviation Managerial Econ 
Scope6 ECTS cr   
TypeAdvanced Studies Discipline6311 Economics 
TypeCourse   
  Grading1 - 5, pass, fail 
 
   
Unit Oulu Business School 

Teachers
Name
Maria Kopsakangas-Savolainen 

Description
ECTS Credits 

6 credits

 
Language of instruction 

English

 
Timing 

Period 4 (year 2020)

 
Learning outcomes 

Upon successful completion of this course, student is be able to analyze and evaluate models of competitive, oligopolistic, and monopoly markets and understand how price and non-price competition among firms affect economic welfare. He/she should be able to understand the market conditions where regulation is needed and analyze different form of regulation methods. He/she should be also able to use game theory in analyzing firms’ strategic decisions and be able to intelligently speculate the motives of real world pricing and other decisions of the firms. Student understands the effect of asymmetric information on the optimal agreements. Students are also able to express their ideas analytically and effectively in written form.

 
Contents 

Functioning of imperfect competition, monopoly, cartel, price discrimination, non-linear pricing, product differentiation, principles of game theory, strategic behavior, role of market entrance , innovations and research and development, optimal agreements in situations of asymmetric information.

 
Mode of delivery 

Face-to-face teaching

 
Learning activities and teaching methods 

24 hours of lectures, 12 hours for exercises, term paper assignment, exam 3 hours

 
Target group 

1st year master’s students

 
Assessment methods and criteria 

Exam 70%, term paper 30%

 
Grading 

The course utilizes a numerical grading scale 1-5. In the numerical scale zero stands for a fail.

 
Person responsible 

Maria Kopsakangas-Savolainen

 


Current and future instruction
Functions Name Type ECTS cr Teacher Schedule
registration period has not begun Managerial Economics  Course  Maria Kopsakangas-Savolainen  14.03.22 -28.04.22

Future examinations
No examinations in WebOodi