ES30044: Industrial organisation
[Page last updated: 04 August 2021]
| Academic Year: | 2021/2 |
| Owning Department/School: | Department of Economics |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Honours (FHEQ level 6) |
| Period: |
|
| Assessment Summary: | EX 100% |
| Assessment Detail: |
|
| Supplementary Assessment: |
|
| Requisites: | Before taking this module you must take ES20011 AND take ES20012 |
| 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. |
| Skills: | The following are facilitated and assessed: abstract reasoning, information synthesis, diagrammatic skills, writing skills, numeracy skills. |
| Content: | 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. |
| Programme availability: |
ES30044 is Optional on the following programmes:Department of Economics
|
Notes:
|