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2006/07 Undergraduate Module Catalogue

LUBS1220 Economics of Industry

10 creditsClass Size: 250

Module manager: Dr Martin Carter
Email: mjc@lubs.leeds.ac.uk

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2006/07

This module is mutually exclusive with

LUBS1940 Economics for Management or LUBS1950 Economic Theory & Applications 1.

This module is approved as an Elective

Module summary

This module introduces the power of the analytical approach of economics for understanding the industrial and business environment. Further information about the Business School is available on the website: Business School

Objectives

To provide an introduction to the industrial and business environment using the analytical approach of economics. On completion students will be: familiar with the basic economic concepts relevant to manufacturing enterprise; able to apply these to simple representative business problems and compare basic theory with business practice; able to identify the structure of an industrial market and analyse the effects of that structure on the performance of firms and the actions of firms in response to competition in the industry; and will understand the basic principles of finance for manufacturing investment.

Syllabus

the economic analysis of production processes and costs; the firm and the market; product demand and the firm's revenue; the profit maximising price and pricing decisions in practice; competitive, monopolist and oligopolistic market structures; strategic price and non-price competition; investment decisions; and case study analysis.

Teaching methods

Lectures: 10 x 1 hour; Tutorials: 5 x 1 hour

Private study

For each 10 credits of study taken, the expectation is that the normal study time (including attendance at lectures and tutorials, self-study and revision) is 100 hours.

Opportunities for Formative Feedback

Provisional marks and feedback on coursework will be provided. The general criteria for awarding marks in the assessments are included in the handboook.

Methods of assessment

1,000 word case study report (30%); 2 hour examination (70%). (The deadline for submission of the case study will be provided in the course outline.)

Reading list

The reading list is available from the Library website

Last updated: 08/08/2007

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