THE UNIVERSITY of EDINBURGH
DEGREE REGULATIONS & PROGRAMMES OF STUDY 2009/2010
Industrial Organisation (EC0017)
This course analyses firm behaviour in industries where a small number of firms operate and where the theory of perfect competition does not therefore apply. Alternative theoretical models are needed since firms' actions now directly affect competitors' profits and consumer welfare. This course aims to equip students with tools to identify and understand strategic firm behaviour and enable them to discuss the design of regulation and discuss their impact on welfare. The course presumes that students have a familiarity with micro theory and basic game theory. Topics in Economic Analysis 1 is a prerequisite. Although mainly theoretical, this course also intigrates empirical studies: The first part of the course (approximately two thirds of the total) provied a broad exposition to topics and industries that current researchers are studying by discussing models of monopoly pricing, oligopoly behaviour, product differentiation, innovation, advertising and entry. The second part is more empirical and proposes several topics on imperfect competition, the need for regulation and the analysis of real cases concerning European antitrust legislation. This part will be conducted through group presentations on the proposed topics.
? This course has variants for visiting students, as follows
? Normal year taken : 4th year
? Contact Teaching Time : 2 hour(s) per week for 10 weeks
First Class Information
All of the following classes
Summary of Intended Learning Outcomes
After successful completion of this course students should have developed analytical and assessment skills and a structured thinking that will enable them to apply the knowledge drawn from general models to real-world cases. They will also develop group and communication skills and the ability to manage tasks and their time and to obtain information from a variety of sources.
Problem-based mid-semester exam (30%)
Group presentations (10%)
A 2 hour degree examination in April/May (60%).
Contact and Further Information
The Course Secretary should be the first point of contact for all enquiries.
Miss Eirlys Armstrong
Dr Kohei Kawamura
School Website : http://www.ed.ac.uk/econ/
College Website : http://www.hss.ed.ac.uk/