Undergraduate Course: Industrial Organisation (ECNM10003)
Course Outline
| School | School of Economics |
College | College of Humanities and Social Science |
| Course type | Standard |
Availability | Available to all students |
| Credit level (Normal year taken) | SCQF Level 10 (Year 4 Undergraduate) |
Credits | 20 |
| Home subject area | Economics |
Other subject area | None |
| Course website |
None |
Taught in Gaelic? | No |
| Course description | 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. |
Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
Students MUST have passed:
Topics in Economic Analysis 1 (ECNM10050)
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
| Additional Costs | None |
Information for Visiting Students
| Pre-requisites | None |
| Displayed in Visiting Students Prospectus? | Yes |
Course Delivery Information
| Not being delivered |
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. |
Assessment Information
Problem-based mid-semester exam (30%)
Group presentations (10%)
A 2 hour degree examination in April/May (60%). |
Special Arrangements
| None |
Additional Information
| Academic description |
Not entered |
| Syllabus |
Not entered |
| Transferable skills |
Not entered |
| Reading list |
Not entered |
| Study Abroad |
Not entered |
| Study Pattern |
Not entered |
| Keywords | Not entered |
Contacts
| Course organiser | Dr Kohei Kawamura
Tel: (0131 6)51 3759
Email: Kohei.Kawamura@ed.ac.uk |
Course secretary | Ms Eirlys Armstrong
Tel: (0131 6)50 9905
Email: eirlys.armstrong@ed.ac.uk |
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