Skip to main navigationSkip to main content
The University of Southampton
Courses

ECON2005 Industrial Economics 2

Module Overview

In this module we study the working of imperfectly competitive markets, the behaviour of firms in these markets, welfare implications and competition policy.

Aims and Objectives

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.

Syllabus

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.

Learning and Teaching

Teaching and learning methods

.

TypeHours
Independent Study126
Teaching24
Total study time150

Resources & Reading list

Industrial Organization: A Strategic Approach. 

The Theory of Industrial Organization. 

Modern Industrial Organization. 

Assessment

Assessment Strategy

Exam 90% Coursework 5%x2

Summative

MethodPercentage contribution
Coursework 5%
Coursework 5%
Exam  (2 hours) 90%

Referral

MethodPercentage contribution
Exam 100%

Repeat Information

Repeat type: Internal & External

Linked modules

Prerequisites: ECON1001 OR ECON1003

Share this module Share this on Facebook Share this on Twitter Share this on Weibo
Privacy Settings