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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.

Subject Knowledge and Understanding:...demonstrate a significant understanding of empirical applications of industrial economics.

Subject Knowledge and Understanding:...demonstrate an ability to apply industrial economic concepts to particular examples.

Syllabus

Context

Optional Module

L1P6 - Year 1, L1I1 - Year 1, LN1J - Year 1, G30B - Year 4

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

Summer

Reading Lists