| Unit name | Industrial Economics |
|---|---|
| Unit code | EFIMM0008 |
| 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 |
ECONM1014. Economics for Finance and Management. |
| 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 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; collusion; vertical restraints; research and development; and networks and standards.
Students will:
10 hours of lectures and 5 hours of classes.
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. The essay will be marked and returned with feedback. Students will also prepare responses to short-answer questions for the exercise classes. All learning outcomes will be assessed.
Summative assessment: 100% 3-hour written exam. Students will select three essays from a range of topics. The exam will test the ability of students to revise and synthesise the course material relevant to the essay topics. It will require them to clearly explain the theoretical models and to apply them to specific case studies or policy questions. All learning outcomes will be assessed.
Luis Cabral (2000) Introduction to Industrial Organization. MIT Press.
