|
| Module Availability |
| Autumn |
|
|
| Assessment Pattern |
| Unit(s) of Assessement |
Weighting Towards Module
Mark (%)
|
| 2 hour Examination |
70
|
| Coursework 1 |
10
|
| Coursework 2 |
20
|
Qualifying Condition(s)
A weighted aggregated mark of 40% is required to pass the module |
|
|
|
| Module Overview |
| The module examines how markets operate, placing particular attention ont he firms' strategic interactions. It begins by deeloping the techniques to study oligopoly behaviour and strategic competition. Next we study different aspects of the monopoly firm; its source, its costs and benefits, pricing, welfare implications and regulation. We proceed by exploring the profit and welfare implications of price discrimination. The following lectures look at static models of oligopoly pricing: the Cournot model, the Bertrand model and the Stackelberg model. We then turn to consider dynamic models of oligopoly |
|
|
| Prerequisites/Co-requisites |
| None |
|
|
| Module Aims |
| To provide students with a working knowledge of current thinking in industrial organisation, and its application to business strategy, regulation and competition policy |
|
|
| Learning Outcomes |
| On completion of the module students will be able to apply simple models of firm behaviour and stategic interaction in order to evaluate various practical situations |
|
|
| Module Content |
An indicative set of topics to be covered is:-
- game theory tools for industrial organisation
- monopoly
- price discrimination
- oligopoly pricing
- product differentiation
|
|
|
| Methods of Teaching/Learning |
| Lectures (11) |
|
|
| Selected Texts/Journals |
No single text-bok provides a source for all material covered in the course. Useful sources are:
Luis M.B. Cabral, Introduction to Industrial Organisation, MIT Press, 2000
Pepall, L. Richards, D and Norman G., Industrial Organisation: Contemporary Theory and Empirical Applications, Blackwell Publishing, 2008
Carlton D. and Perloff J., Modern Industrial Organisation, Pearson, 2005 |
|
|
| Last Updated |
10 March 2011 |
|
