EC943: Industrial Economics

Introduction

The aim of this module is to provide concise coverage of a range of central topics in industrial economics, first building a framework of oligopoly then adding to that framework, so bringing the models closer to life. Consequently, the student will gain an appreciation of the key ideas underlying the subject, on which they can build or develop as necessary. The approach involves a mixture of models and empirical examples throughout, including a flavour of the predominant techniques in current empirical work.

Principal Aims

The module aims to provide an understanding of how theories from industrial economics can help one comprehend the behaviour of firms in imperfectly competitive markets. It also aims to give some guidance as to how researchers use real-world data to test those theories.

Principal Learning Outcomes

Subject Knowledge and Understanding:...demonstrate a thorough understanding of the theoretical foundations of industrial economics. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Report and problem sets

Subject Knowledge and Understanding:...demonstrate a significant understanding of empirical applications of industrial economics. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Report

Subject Knowledge and Understanding:...demonstrate an ability to apply industrial economic concepts to particular examples. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Report and problem sets

Syllabus

Context

Optional Module

L1P6 - Year 1, L1I1 - Year 1, LN1J - Year 1

Pre or Co-requisites

The module will build on some aspects of your knowledge of microeconomics including elementary game theory. In addition it assumes some knowledge of econometrics.

Assessment

Assessment Method

Coursework (20%) + Centrally-timetabled examination (On-campus) (80%)

Coursework Details

Centrally-timetabled examination (On-campus) (80%) , Problem Set 1 (10%) , Problem Set 2 (10%)

Exam Timing

May

Exam Rubric

Time Allowed: 2 Hours

Read all instructions carefully - and read through the entire paper at least once before you start entering your answers.

There are TWO sections in this paper. Answer TWO questions in Section A (60 marks in total) and ONE question in Section B (40 marks).

Use a separate booklet for each Section.

• Use a PINK booklet for Section A.

• Use a SEPARATE PINK booklet for Section B.

You must write the number(s) of the question(s) you have answered on the front cover of each booklet. Make sure the numbers are clearly visible and correspond to the questions you completed inside that booklet.

Do not submit answers to more than the required number of questions. If you do, only the first answers (in the order they appear) will be marked, up to the required number for each section.

Approved scientific (non-graphical) pocket calculators are allowed.

Previous exam papers can be found in the University’s past papers archive. Please note that previous exam papers may not have operated under the same exam rubric or assessment weightings as those for the current academic year. The content of past papers may also be different.

Reading Lists