Please note: there may be some adjustments to the teaching arrangements published in the course catalogue for 2020-21. Given current circumstances related to the Covid-19 pandemic it is anticipated that some usual arrangements for teaching on campus will be modified to ensure the safety and wellbeing of students and staff on campus; further adjustments may also be necessary, or beneficial, during the course of the academic year as national requirements relating to management of the pandemic are revised.

Industrial Organisation ECON5089

  • Academic Session: 2021-22
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Either Semester 1 or Semester 2
  • Available to Visiting Students: No
  • Available to Erasmus Students: No

Short Description

Industrial Organisation is a second year MRes course. By extending the skills and understandings learned in the first year of the MRes, this course aims to provide knowledge of industrial organisation, one of the social science disciplines that won the 2014 Nobel Prize in Economics. In the sequence, students will learn how corporations, firms, and industries are organised in practical business situations. With their newly acquired skills, students will be able to understand business incentives and generate industry policy recommendations, such as tactical business decision-making and effective government regulations, at a graduate level.

Timetable

Weekly Lectures, 2 hours per week for 10 weeks

Requirements of Entry

Completion of the 1st year MRes in Econometrics, or equivalent qualification as decided by the course instructor

Excluded Courses

None

Co-requisites

None

Assessment

(i) One oral presentation (34.00% in weight), presenting an assigned classical academic paper to the class;

(ii) Two written assignments based on lectured content (each 33.00% in weight), descriptive, analytical and numerical questions that help facilitate guided independent study (around 800-1,500 words each with flexibility if assignment of a mathematical and logical description nature);

Main Assessment In: December and April/May

Course Aims

The course is intended to

■ produce high-quality leading researchers in academia and prominent real-world practitioners in business and government who will be involved in tactical business and influential government policy-making decisions,

■ provide profound comprehension of the theoretical and empirical foundations of Industrial Organization through the rigorous training of logical- and practical-thinking skills,

■ foster the skills and intelligence of leading-edge proficiency for career developments in a variety of business fields that essentially require qualified formal investigation with both the academic and professional standards

Intended Learning Outcomes of Course

By the end of this course students will be able to

1. demonstrate knowledge of the most important theories concerning the organisation of industries and the behaviour of firms within those industries,

2. apply the theoretical models in a relevant way in case study analysis,

3. critically interpret empirical evidence on different markets,

4. apply economic theory and evidence to real-world policy questions.

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.