Module overview
The module will provide an introduction to the field of Industrial Organisation at a graduate level.
Aims and Objectives
Learning Outcomes
Knowledge and Understanding
Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:
- key analytical methods in industrial economics, including from game theory
Subject Specific Intellectual and Research Skills
Having successfully completed this module you will be able to:
- identify firms' optimal strategic behaviour and predict market outcomes
- apply adequate methods to address policy and normative questions in industrial economics
Syllabus
1. A review of basic game theory
2. Introduction to competition policy
3. Classic static oligopoly models
4. Dynamic price competition and tacit collusion
5. Competition with product differentiation
6. Entry, accommodation and exit
7. Measurement of market power and state of competition
Learning and Teaching
Teaching and learning methods
Lectures and Tutorials
| Type | Hours |
|---|---|
| Teaching | 24 |
| Independent Study | 126 |
| Total study time | 150 |
Resources & Reading list
General Resources
Other course information available via blackboard.
Textbooks
Sunk Costs and Market Structure. MIT press.
The Theory of Industrial Organization. MIT press.
Game Theory. MIT Press.
Industrial Organisation: A Strategic Approach. McGraw Hill.
A Primer in Game Theory. FT Prentice Hall.
Assessment
Assessment strategy
Assessment in this module is through a take-home assignment (worth 70% of the final mark) and through online tests (worth a total of 30% of the final mark). This is supported by formative assessment in form of problem sets. This is the same for internal repeat. Assessment for external repeat and referral is through take-home assignment only.
Summative
This is how we’ll formally assess what you have learned in this module.
| Method | Percentage contribution |
|---|---|
| Online test | 30% |
| Assignment | 70% |
Referral
This is how we’ll assess you if you don’t meet the criteria to pass this module.
| Method | Percentage contribution |
|---|---|
| Assignment | 100% |
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.
| Method | Percentage contribution |
|---|---|
| Assignment | 100% |
Repeat Information
Repeat type: Internal & External