EC5223 Industrial Economics

Academic year

2024 to 2025 Semester 2

Further information on which modules are specific to your programme.

Key module information

SCOTCAT credits

20

The Scottish Credit Accumulation and Transfer (SCOTCAT) system allows credits gained in Scotland to be transferred between institutions. The number of credits associated with a module gives an indication of the amount of learning effort required by the learner. European Credit Transfer System (ECTS) credits are half the value of SCOTCAT credits.

SCQF level

SCQF level 11

The Scottish Credit and Qualifications Framework (SCQF) provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Availability restrictions

Available to MSc students only

Planned timetable

To be arranged

This information is given as indicative. Timetable may change at short notice depending on room availability.

Module coordinator

Dr L M Simanjuntak

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module Staff

Dr Lois Simanjuntak

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module description

This module will provide a thorough advanced treatment of the core models and concepts used in modern analysis of industrial organisation. It as a specialised branch of microeconomics, which focuses on the structure and mechanisms governing markets and on the way firms compete against each other in the pursuit of profit maximization. It will examine such questions as: what determines a market's structure? How does market organization influence firms' behaviour and market performance? And how a firm's strategy can affect a market's structure (e.g. by deterring other firms to enter, through exclusive dealing, etc.)? Topics to be covered include: perfect competition, monopoly, pricing strategies, static oligopoly models, collusion, production differentiation, patents and Intellectual property rights, advertising, networks and technology standards. Students are expected to have a good undergraduate level training in microeconomics, mathematical and statistical techniques.

Assessment pattern

3-hour Written Examination = 75%, Coursework = 25%

Re-assessment

3-hour Written Examination = 100%

Learning and teaching methods and delivery

Weekly contact

2 lectures (X10 weeks), occasional tutorials

Scheduled learning hours

25

The number of compulsory student:staff contact hours over the period of the module.

Guided independent study hours

168

The number of hours that students are expected to invest in independent study over the period of the module.

Intended learning outcomes

  • Understand how IO can deepen the understanding of behaviour of firms/agent especially in imperfectly competitive market.
  • Developing the skill of selecting the right model(s) to analyse various issues in industrial economics
  • Develop the skill of analysing economic behaviour through game theory
  • Develop curiosity leading to identifying interesting and relevant papers/examples to extend knowledge of the subject.