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Unit information: Industrial Economics in 2019/20

Please note: Due to alternative arrangements for teaching and assessment in place from 18 March 2020 to mitigate against the restrictions in place due to COVID-19, information shown for 2019/20 may not always be accurate.

Please note: you are viewing unit and programme information for a past academic year. Please see the current academic year for up to date information.

Unit name Industrial Economics
Unit code ECON30076
Credit points 20
Level of study H/6
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Dr. Maija Halonen-Akatwijuka
Open unit status Not open
Pre-requisites

Intermediate Economics 1 (EFIM20008) and either Econometrics (EFIM20011) or Applied Quantitative Research Methods (EFIM20010)

Co-requisites

None

School/department School of Economics
Faculty Faculty of Social Sciences and Law

Description

This course examines strategic interactions between firms and the determinants of industrial structure. The first part of the unit is theoretical. It concentrates on the analysis of various aspects of oligopolistic industries, including collusion, foreclosure and networks and how the firms' behaviour can be constrained by competition policy. Furthermore, students apply economic theory to case studies in e.g. the battle between Blu-Ray and HD DVD.

Industrial Economics covers applied and empirical models in I.O. The course mostly covers issues in competition policy and its applications to different environments. The unit will help students to interpret empirical evidence and to apply economic theory to practical policy questions.

Intended learning outcomes

  1. Students will be familiar with theoretical models of Industrial Organization.
  2. Students will be able to apply the models in a relevant way in case study analysis.
  3. Students will be able to critically interpret empirical evidence on firm performance.
  4. Students will be able to apply economic theory and evidence to real-world policy questions.

Teaching details

18 Lectures

8 classes

This pattern of teaching may be changed slightly to accommodate the Easter Vacation.

Assessment Details

Formative assessment: 2 x 2000 word essays assesses intended learning outcomes 1-4.

Summative assessment: 3-hour written exam assesses intended learning outcomes 1-4.

Reading and References

Pepall, Richards and Norman (2008) Industrial Organization: Contemporary Theory and Empirical Applications (Blackwell)

Journal articles

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