Professional Course

The Growth of Firms and Industry Dynamics

edX, Online
4 weeks
4 weeks
Visit this course's homepage on the provider's site to learn more or book!

Course description

The Growth of Firms and Industry Dynamics

We are all in admiration of so-called unicorns that experience high growth to reach $1 billion or more in value. But how common are these firms? Can they be predicted in advance?

While the popular press often gives a distorted view by focusing on success stories, this course offers a balanced view of the overall structure and dynamics of the population. A “big picture” view is presented first, showing the huge dispersion that persists within business populations in terms of growth rates, age, productivity, and the firm size distribution. Models of industry dynamics (Gibrat's Law, Gamblers' Ruin Theory) are simple and powerful ways of explaining the emergence of the observed distributions. We then summarize economic studies in the area to uncover the characteristics and determinants of firm growth, to enhance our ability to predict which firms will grow. Various firm-level and industry-level theories have been put forward to explain why some firms grow faster than others, and these theories will be discussed, highlighting their strengths as well as their limitations.

The course welcomes students who want to pursue their studies and their career in the business world, such as economists and business analysts, investors, financial sector professionals, public policy professionals, and also aspiring entrepreneurs.

Who should attend?


No particular prerequisites. The content may include specialist terminology (e.g. business, mathematics) but this will be explained in the course.

Training content

Week 1: Fundamentals of Industry Structure

  1. Week 1 Introduction
  2. Firm Demographics
  3. The Framework of Firm Growth
  4. Week 1 Test

Week 2: Gibrat’s Law and Its Implications

  1. Week 2 Introduction
  2. Gibrat’s Law
  3. Extending Gibrat’s Law
  4. Week 2 Test

Week 3: Determinants of Firm Growth

  1. Week 3 Introduction
  2. Size and Age
  3. Other Predictors of Firm Growth
  4. Week 3 Test

Week 4: Theories of the Growth of Firms

  1. Week 4 Introduction
  2. Theories of Firm Growth
  3. Strategies and Processes of Firm Growth
  4. Week 4 Test

Course delivery details

This course is offered through Waseda University, a partner institute of EdX.

2-3 hours per week


  • Verified Track -$129
  • Audit Track - Free

Certification / Credits

What you'll learn

  • Explain the distributions of firm size, firm age, firm-level productivity, and firm growth
  • Apply a class of useful models that includes Gibrat's Law and Gambler's Ruin Theory
  • Develop an aerial view of the determinants of firm growth that have been reliably identified by researchers
  • Conduct a comparison and critical evaluation of various theories of firm growth, that each provide an internally-coherent depiction of certain aspects of firm growth

Contact this provider

Contact course provider

Fill out your details to find out more about The Growth of Firms and Industry Dynamics.

  Contact the provider

  Get more information

  Register your interest

Country *

reCAPTCHA logo This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
141 Portland Street
02139 Cambridge Massachusetts


edX For Business helps leading companies upskill their labor forces by making the world’s greatest educational resources available to learners across a wide variety of in-demand fields. edX For Business delivers high-quality corporate eLearning to train and engage your employees...

Read more and show all training delivered by this supplier