Economics of Industry 1: Basic Theories of Market Structures

Economics of Industry 1: Basic Theories of Market Structures

Year: 2018-19
Course code: ECON4009
Course credits: 15
Taught: Semester 1
Course co-ordinator: Dr Francesca Flamini
Entry requirements: Normally admission to an honours programme in Economics.
Available to visiting students:Yes
Contact for more information: Gillian Weir 

Course description

This course reviews the basic theories of market structure with focus on market power and real-life applications. We will study a range of price and non-price strategies (such as advertising) adopted by firms and the implied market power.

Learning and teaching methods

20 hours of lectures (10 x 2 hours) including one workshop (1-hour), Thursday, 12:00-14:00

Course texts

  • Cabral, Luis. (2000). Introduction to Industrial Organization, Cambridge MA: MIT Press. 
  • Dutta, Prajit (2001). Strategies and Games, Cambridge MA: MIT Press. 
  • Shy, Oz. (1996). Industrial Organization. Theory and Applications, Cambridge MA: MIT Press.

Assessment

An essay of 2,000 words (30%)
A 2-hour degree exam (April/May) (70%)