Industrial Economics - EC547

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2020 to 2021
Canterbury
Spring 6 15 (7.5) DR A Gschwandtner checkmark-circle

Overview

The module introduces students to the field of Industrial Economics and studies why and how firms and industries behave and interact with each other. Understanding firms' behaviour is relevant not only to the firms but also to the governments that design industrial policies in order to favour consumers without decreasing firms' efficiency.

The module is designed for students who have taken intermediate microeconomics and addresses issues that are present in everyday news: anti-competitive practices, the effect of market power on consumer welfare, incentives for product innovation, and the private and public effects of mergers.

Details

This module appears in the following module collections.

Contact hours

Total contact hours: 16 hours
Private study hours: 134
Total study hours: 150

Availability

This module is an elective for all Single and Joint Honours degree programmes in Economics.
This module is not available to students across other degree programmes in the University.

Method of assessment

100% coursework as follows:

Multiple Choice / Moodle Quiz (20%)
Extended Essay (4000 words) (80%)

Indicative reading

Church, J and R. Ware (2000), Industrial Organization: A Strategic Approach, McGraw-Hill.
Lipczynski, J., Wilson, J. and J. Goddard (2013), Industrial Organisation: Competition, Strategy and Policy (4th ed.), Prentice-Hall.
Martin, S. (2010), Industrial Organization in Context, Oxford University Press.
Richards, D., Norman, G. and L. Pepall (2008), Industrial Organization: Contemporary Theory and Empirical Applications (4th ed.), Blackwell Publishing.
Tirole, J. (1997), The Theory of Industrial Organization (9th ed.), MIT Press.

See the library reading list for this module (Canterbury)

Learning outcomes

By the end of this module you will be able to:

* explain how firms decisions regarding price, advertising and R&D, etc. can be modelled and evaluate the impact of those decisions on the structure and performance of markets.
* understand how firm behaviour affects economic welfare.
* understand and apply concepts of game theory to the analysis of firm's strategic behaviour.
* understand the growth of firms through vertical integration and merger activity.
* identify and critically evaluate the implications of economic theory for the design, implementation and evaluation of industrial policies in the UK and other countries.

Notes

  1. Credit level 6. Higher level module usually taken in Stage 3 of an undergraduate degree.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
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