Industrial Economics

Module code: EC3023

Module co-ordinator: Dr Piercarlo Zanchettin

In this module you will study the economics of firms’ strategic interaction and the resulting performance and evolution of the industries. We will look at different modes of competition in the product market and their effects on profits and consumers’ welfare, and consider how firms gain and maintain competitive advantages over their 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 practicals

Assessment

  • Exam, 90 minutes (100%)