EC943: Industrial Economics
Principal Aims
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 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
The module will typically cover the following topics:
• Oligopoly models: strategic behaviour amongst a given set of firms;
• Developments of the basic oligopoly models;
• Modelling entry and concentration;
• Horizontal and vertical product differentiation;
• Empirical modelling of differentiated product markets;
• Cartels and tacit collusion;
• Strategic incumbents and entry;
• Vertical related markets;
• Markets with network goods.
Context
- Optional Module
- L1P6 - 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 (100%)
- Coursework Details
- Problem Set 1 (10%) , Problem Set 2 (10%) , Written Report (80%)
- Exam Timing
- N/A
Exam Rubric
There is no examination for the EC943 module in 2020/21
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.