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EC943: Industrial Economics

  • Caroline Elliott

    Module Leader
  • Kobi Glazer

    Module Lecturer
18 CATS - Department of Economics
Spring Module

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

Have 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

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

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.

Reading Lists