Economics of Industry 2: Advanced Topics

Economics of Industry 2: Advanced Topics

Year: 2018-2019
Course credits: 15
Course code: ECON4010
Taught: Semester 2
Course co-ordinator: Dr Francesca Flamini
Entry requirements: Either Economics of Industry 1 or Microeconomic Analysis
Available to visiting students:Yes, subject to completing either Economics of Industry 1 or Microeconomic Analysis or a broadly equivalent course at home institution
Contact for more information: Gillian Weir

Course description

This course builds on the basic theories of market structures course and extends the analysis to more complex set-ups where strategic entry/exit and research and development are allowed. We will study the most modern forms of markets such as network markets and auctions.

Learning and teaching methods

20 hours of lectures (10 x 2 hours) Friday,11:00-13:00

One workshop (1-hour)

Course texts

  • Cabral, Luis. (2000). Introduction to Industrial Organization, Cambridge MA: MIT Press. 
  • Davies, S. (1991). Economics of Industrial Organization, Longman Publishing.         
  • Dutta, Prajit (2001). Strategies and Games, Cambridge MA: MIT Press. 
  • Martin, S. (2001). Industrial Organization - A European Perspective, Oxford: Oxford University Press.
  • Martin, S. (1994). Industrial Economics: Economic Analysis and Public Policy, London: Macmillan.
  • Shy, Oz. (1996). Industrial Organization. Theory and Applications, Cambridge MA: MIT Press. 
  • Tirole, J. (1988). The Theory of Industrial Organization, Cambridge MA: MIT Press.

Assessment

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