ECON3012 - Industrial Economics I: Market Structure
The aim of the course is to provide students with a
framework for understanding modern issues in the theory of industrial
organisation, in particular firm behaviour and the welfare implications
of such behaviour in imperfectly competitive markets.
On completing the course students should be equipped with the necessary theoretical apparatus to undertake the analysis of interactive firm decision making in the areas of price and output determination, including appraisal of the market power and efficiency hypotheses in relation to market outcomes.
|Assessment:||The course comprises 20 hours of lectures and 4 compulsory tutorial classes. All students are required to submit 4 pieces of coursework. These will be a mixture of essays and analytical questions. There will be a 2-hour unseen written examination in Term 3. Affiliate students leaving in December will take a 2-hour written examination set up by the Department at the end of Term 1.|
||3rd year Economics (L100) students. Also 3rd year Phil/Econ (VL51) and Math/Econ (G1L1/G1LC) students.|
|Prerequisites:||ECON2001: Microeconomics (or equivalent).|