Programme And Module Handbook
 
Course Details in 2022/23 Session


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Module Title LH Industrial Organisation
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 07 33167
Module Lead Toby Kendall
Level Honours Level
Credits 20
Semester Semester 1
Pre-requisites LI Microeconomics - (08 28536)
Co-requisites
Restrictions None
Contact Hours Lecture-40 hours
Guided independent study-160 hours
Total: 200 hours
Exclusions
Description This module provides students with an understanding of the theory of industrial organisation, alongside relevant empirical evidence and analysis of competition policy. The module applies concepts from microeconomic theory and game theory to help understand industrial structure, the theory of the firm and the behaviour of firms within industries. The main focus is on providing analytical tools to understand the working of imperfectly competitive markets.

The module covers topics related to how markets work, how agents (firms and consumers) interact in a market either strategically or otherwise and how environmental factors, from other firms to policy, affect the market and the participants. After initially considering different pricing strategies under monopoly, most of the module covers issues relating to oligopolistic markets, including product differentiation, advertising, collusion and mergers.
Learning Outcomes By the end of the module students should be able to:
  • apply formal economic methods to analyse firm and industry behaviour;
  • demonstrate systematic knowledge and understanding of relevant concepts from
  • microeconomics and game theory and apply them to specified situations and problems;
  • critically appraise the operation of competition policy in advanced economies.
Assessment
Assessment Methods & Exceptions Assessment
Problem set (25%);
1200-word essay (25%);
2-hour written unseen examination (50%)

Reassessment: N/A
Other Birmingham based version of Dubai module 32046
Reading List