2008/09 Undergraduate Module Catalogue

LUBS2050 Industrial Economics

10 creditsClass Size: 150

Module manager: Dr Dan Coffey
Email: djc@lubs.leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2008/09

Pre-requisite qualifications

LUBS1940 Economics for Management
OR
LUBS1950 Economic Theory and Applications 1

This module is approved as an Elective

Module summary

The aim of this module is to provide an economic understanding of the forms of competition and rivalry between private firms in a modern industrial economy. The module provides an overview of the historic evolution of industrial economies while focusing on recent developments in the study of firms' behaviour, with particular emphasis on a range of key topics including: advertising, vertical dominance, oligopoly, barriers to competition, and the effects of international trade. The approach taken combines model exposition (diagrammatic) with assessments of evidence.Further information about the Business School is available on the website: Business School

Objectives

At the end of this module students will be able to demonstrate the following: knowledge of the fundamentals of game theory and its application to industrial economics, oligopoly theory in respect of price competition, quantity competition and entry deterrence, the application of oligopoly theory to selected topics; evidence of having read a suitable selection of the material provided on the reading list; and the ability to incorporate knowledge of actual markets and firms within the context of the relevant theory.

Syllabus

The traditional analysis of industrial organisation; game theory and its application to oligopoly theory; new theories of competition and the firm; selected issues in industrial economics.

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	11	1.00	11.00
Seminar	5	1.00	5.00
Private study hours			84.00
Total Contact hours			16.00
Total hours (100hr per 10 credits)			100.00

Opportunities for Formative Feedback

The past exam papers for this module in academic years 2002-2003 and 2003-2004 each provide a good guide both to the format and style of the exam. Each student taking this module will be given the opportunity to attempt and submit at least one practice essay to the lecturer for marking and feedback.

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	2 hr 00 mins	100.00
Total percentage (Assessment Exams)		100.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

The reading list is available from the Library website

Last updated: 31/03/2009

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