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ES30044: Industrial organisation

Follow this link for further information on academic years Academic Year: 2013/4
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6
Further information on unit levels Level: Honours (FHEQ level 6)
Further information on teaching periods Period: Semester 2
Further information on unit assessment Assessment: EX 100%
Further information on supplementary assessment Supplementary Assessment: Reassessment not allowed
Further information on requisites Requisites: Before taking this unit you must take ES20011 and take ES20012
Further information on descriptions Description: Aims:
The aim of the unit is to provide a rigorous understanding of contemporary theories of industrial organisation.

Learning Outcomes:
By the end of the unit students will have acquired familiarity with key topics in industrial organisation (e.g. pricing theory, advertising, innovation, the analysis of market structure, barriers to entry) and will be able to apply these concepts to contemporary industrial developments. Students will also have gained an understanding of industrial and competition policy.

The following are facilitated and assessed: abstract reasoning, information synthesis, diagrammatic skills, writing skills, numeracy skills.

The unit provides a critical review of contemporary industrial structure and of the relationship between industries in the UK, Europe and beyond. It analyses the two main paradigms for understanding industry, namely the Structure-Conduct-Performance model and the New Industrial Economics. It applies microeconomic theory to explain why firms exist and how they select price, output and marketing strategies. It also examines the role played by government policy in the operation and regulation of industry.
Key texts:
Philips L. (1998) Applied Industrial Economics. Cambridge University Press.
Shy O (2001) Industrial Organisation MIT Press
Tirole J (1989) The Theory of Industrial Organisation. MIT Press.
Further information on programme availabilityProgramme availability:

ES30044 is Optional on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc (hons) Economics (Full-time) - Year 3
  • UHES-AKB03 : BSc (hons) Economics (Full-time with Thick Sandwich Placement) - Year 4
  • UHES-AFB02 : BSc (hons) Economics and International Development (Full-time) - Year 3
  • UHES-AKB02 : BSc (hons) Economics and International Development (Full-time with Thick Sandwich Placement) - Year 4
  • UHES-AFB01 : BSc (hons) Economics and Politics (Full-time) - Year 3
  • UHES-AKB01 : BSc (hons) Economics and Politics (Full-time with Thick Sandwich Placement) - Year 4

* This unit catalogue is applicable for the 2013/4 academic year only. Students continuing their studies into 2014/15 and beyond should not assume that this unit will be available in future years in the format displayed here for 2013/14.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.