ECON2005 Industrial Economics
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
Lectures and Tutorials
| Type | Hours |
|---|---|
| Independent Study | 126 |
| Teaching | 24 |
| Total study time | 150 |
Resources & Reading list
Carlton, Dennis W. and Jeffrey M. Perloff (2005). Modern Industrial Organization.
Tirole, Jean (1988). The Theory of Industrial Organization.
Church, Jeffrey and Roger Ware (2000). Industrial Organization: A Strategic Approach.
Assessment
Assessment Strategy
Long take-home 70% Coursework 15%x2
Summative
| Method | Percentage contribution |
|---|---|
| Coursework | 15% |
| Coursework | 15% |
| Take-away exam | 70% |
Repeat
| Method | Percentage contribution |
|---|---|
| Take-away exam | 100% |
Referral
| Method | Percentage contribution |
|---|---|
| Take-away exam | 100% |
Repeat Information
Repeat type: Internal & External
Linked modules
Prerequisites: ECON1001 OR ECON1003
Costs
Costs associated with this module
Students are responsible for meeting the cost of essential textbooks, and of producing such essays, assignments, laboratory reports and dissertations as are required to fulfil the academic requirements for each programme of study.
In addition to this, students registered for this module typically also have to pay for:
Books and Stationery equipment
Recommended texts for this module may be available in limited supply in the University Library and students may wish to purchase reading texts as appropriate.
Please also ensure you read the section on additional costs in the University’s Fees, Charges and Expenses Regulations in the University Calendar available at www.calendar.soton.ac.uk.