Industrial Economics

Module code: EC3023

Module co-ordinator: Dr Piercarlo Zanchettin

Description

The module presents the economics of firms’ strategic interaction and the resulting performance and evolution of the industries. Alongside different modes of competition in the product market and their effects on profits and consumers’ welfare, the course provides a formal analysis of a variety of firms’ strategies aimed at gaining and maintaining competitive advantages over the rivals and market power.

Topics Covered

• Monopoly, perfect competition, competitive selection, monopolistic competition
• Oligopoly competition: price and quantity competition
• Oligopoly and collusion
• Price discrimination and bundling
• Vertical relations
• Product differentiation
• Strategic behaviour related to entry and exit
• Innovation, research and development 

Learning

• 20 one hour lectures
• 8 one hour tutorials

Assessment

The module is worth 15 credits towards your third year assessment, and will be assessed by a 90 minute written examination at the end of the semester (100%).