Unit name | Industrial and Managerial Economics |
---|---|
Unit code | EFIMM0031 |
Credit points | 15 |
Level of study | M/7 |
Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
Unit director | Professor. Simpson |
Open unit status | Not open |
Pre-requisites |
None |
Co-requisites |
None |
School/department | School of Economics, Finance and Management |
Faculty | Faculty of Social Sciences and Law |
The unit aims to introduce students to a range of issues in industrial and business economics. Theoretical models in industrial economics often have direct applications in practice. The course will couple the analysis of formal theoretical models with real-world case studies and policy issues. Topics to be covered are likely to include: market power and collusion; firm pricing decisions, vertical contracts; research and development; and networks and standards.
On completion of the unit students will be able to
12hrs lectures (large-group teaching)
5 hrs classes (small-group teaching)
17 contact hours (12 hours of lectures and 5 hours of classes)
35 hours of preparation for formative assessment
98 hours for independent learning.
1,500 word essay
2½ hour examination in May/June Formative assessment: one essay (1,500 words). The essay will require students to draw on the theoretical models covered in the course. It will require them to set out formal models, to think critically about the theory and to apply it to real world situations. Addresses Intended Learning Outcomes 1 and 2. Students will also prepare responses to short-answer questions, on both theory and case studies for each of the tutorial exercise classes. Addresses Intended Learning Outcomes 1 and 2. Summative assessment: 100% 2½-hour written exam. Students will select three questions from a range of topics.. These essay-type questions will require students to demonstrate knowledge of both theory and the application of theory to cases. Addresses Intended Learning Outcomes 1 and 2.
Luis Cabral (2017) Introduction to Industrial Organization. MIT Press.