Course Details in 2023/24 Session

Module Title	LH Industrial Organisation
School	Birmingham Business School
Department	Economics
Module Code	07 33167
Module Lead	Panos Fouskas and Toby Kendall
Level	Honours Level
Credits	20
Semester	Semester 2
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	33167-01 : Problem Set : Coursework (25%) 33167-02 : Essay : Coursework (25%) 33167-03 : Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
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