Industrial Organisation and Strategy - ECO00035I
Module summary
The modules considers imperfectly competitive markets with only a few participants and sheds light on various types of strategic interactions that naturally arise in such markets.
Related modules
Additional information
A good understanding of standard game-theoretic tools will be essential for this module.
prerequisite modules: Microeconomic Theory, Mathematics for Economists
Module will run
| Occurrence | Teaching period |
|---|---|
| A | Semester 2 2023-24 |
Module aims
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To show how microeconomics and game theory can be used to analyse firms' (strategic) behaviour in markets
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To bridge gaps between theory and real-life examples
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To raise awareness of industrial and competition policy issues
Module learning outcomes
On completing the module a student will be able to:
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Define and explain the various concepts used in industrial economics
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Apply the concepts to understand and explain the structure and behaviour of selected industries
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Apply theory to real-life examples
Indicative assessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 100 |
Special assessment rules
None
Additional assessment information
Formative assessment
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Written feedback on assignments submitted for tutorials
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Oral feedback during small-group tutorial sessions
Indicative reassessment
| Task | % of module mark |
|---|---|
| Closed/in-person Exam (Centrally scheduled) | 100 |
Module feedback
Students will receive a score reflecting their performance in the exam. (If we ask them to hand in work for the seminars, they will also receive feedback on that.)
Indicative reading
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Belleflamme, P. and Peitz, M. Industrial Organization, Cambridge University Press
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Pepall, Richards, and Norman, Industrial Organization: Contemporary Theory and Empirical Applications, Blackwell Publishing
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Tirole, J. The Theory of Industrial Organization, MIT Press