Industrial Economics

Learning Outcomes

Learning Outcomes

Having successfully completed this module you will be able to:

• Demonstrate knowledge and understanding of the nature of strategic competition and its implications for policy
• Demonstrate knowledge and understanding of a set of analytical techniques which can be applied to a variety of economic (and non-economic) problems.

In most markets, firms need to be aware of their rivals, and even potential rivals, when making decisions. In other words, they must act strategically. We will analyse strategic decision making on

prices, product specifications, and investments which will be relevant to anyone with an interest in corporate strategy. But our concern will extend beyond the firms concerned, to the implications for welfare more generally. The module thus begins with a discussion of competition policy in the UK, the European Union and the USA. Throughout the module, theoretical and empirical analysis will be

linked to contemporary and classic cases.

Teaching and learning methods

Lectures and Tutorials

Resources & Reading list

Textbooks

Carlton, Dennis W. and Jeffrey M. Perloff (2005). Modern Industrial Organization. London: Pearson/Addison Wesley.

Tirole, Jean (1988). The Theory of Industrial Organization. Cambridge Massachussetts: MIT press.

Church, Jeffrey and Roger Ware (2000). Industrial Organization: A Strategic Approach. London: McGraw-Hill.

Assessment strategy

Long take-home 70%

Coursework 15%x2

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.

Repeat Information

Repeat type: Internal & External