GRA 1305 Industrial Organization and Economics Consulting

GRA 1305 Industrial Organization and Economics Consulting

Course code: 
GRA 1305
Course coordinator: 
Christian Riis
Espen Rasmus Moen
Course name in Norwegian: 
Industrial Organization and Economics Consulting
Product category: 
MSc in Applied Economics
2023 Spring
Active status: 
Level of study: 
Teaching language: 
Course type: 
One semester

lndustrial organization (IO) analyses the boundary of firms and the relationship between firms and markets. lndustrial organization constitutes the theoretical underpinning of economics consulting. The purpose of this course is twofold: First to enhance the  students' understanding of  the field of industrial economics. Second to demonstrate how the principals of industrial organization are applied within economics consulting, through real-world cases. Professionals from the industry will give guest lecturers.

Examples of topics include: incentives and contracts, price discrimination and Ramsey pricing, acquisitions and mergers, auctions, economic implications of the competition law, regulation, and innovation. 

Learning outcomes - Knowledge

The aim of this course is to provide a thorough understanding of industrial organization, and of how it is applied within economics consulting. Students are expected to contribute in real-world discussion in each specific case studied in the course.

Learning outcomes - Skills
  • Develop a thorough understanding of the principles of industrial organization
  • Understand the economic consequences of the competition law
  • Understand principles behind governmental regulation
  • Develop an ability to use economic theory within economics consulting
General Competence

Through this course, students should develop an understanding of the relevance of modern economic methodology for companies, and how the methods can be used to improve the companies ' strategic choices.

Course content

The course covers topics as:

  • Bargaining and efficiency
  • B2B contracts and vertical relations
  • Quality and price choices of firms
  • Theories of regulation 
  • Regulation of the telecom market and other markets
  • Competition policy and collusion
  • Auctions

Example of cases:

  • Price discrimination in the grocery market
  • Telecommunication and access pricing,
  • The book market and RPM contracts
  • Pricing of port services and the Ramsey principle
  • Litigation case: overcharge in the Telecommunications markets
Teaching and learning activities


Software tools
No specified computer-based tools are required.
Additional information

Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class.


All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.



Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.

Required prerequisite knowledge


Exam category: 
Form of assessment: 
Written submission
Support materials: 
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
  • Book: Sydsæter K., Strøm A., & Berck P. Economists’ mathematical manual. Springer.
3 Hour(s)
Written examination under supervision
Exam code: 
GRA 13051
Grading scale: 
Examination when next scheduled course
Type of Assessment: 
Ordinary examination
Total weight: 
Sum workload: 

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.