ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title INDUSTRIAL ORGANISATION
Code ECON333
Coordinator Dr O Gorelkina
Economics
Olga.Gorelkina@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2019-20 Level 6 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

 

Modules for which this module is a pre-requisite:

 

Programme(s) (including Year of Study) to which this module is available on a required basis:

 

Programme(s) (including Year of Study) to which this module is available on an optional basis:

 

Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 24

10

        34
Timetable (if known)              
Private Study 116
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 2: Unseen Examination Assessment Type: Written Examination Duration: 2 Hours Weighting: 50% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty app  2 hours    50       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 3: Group Presentation Assessment Type: Practical Assessment Duration: 20 minutes Weighting: 20% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty   20 minutes    20       
Assessment 1: Individual Report Assessment Type: Coursework Size: 2000 words Weighting: 30% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anon  2000- words    30       

Aims

To apply the tools of microeconomics to the analysis of firms, markets and industries in order to understand the nature and consequences of the process of competition. These tools will also be applied to the evaluation of relevant government policy.  This will extend knowledge and skills of microeconomic analysis by covering recent advances in theory as well as empirical analysis of relevant microeconomic topics.


Learning Outcomes

(LO1) Students will be able to use economic principles, concepts and techniques to discuss and analyse government policy and economic performance with reference to standard frameworks in Industrial Organisation.

(LO2) Students will be able to apply standard frameworks, including verbal, graphical, mathematical and statistical representations of economic concepts and models, to explain and evaluate the effects of a range of competitive behaviours by firms and how they are influenced by economic incentives and the ethical issues enveloped within this.

(LO3) Students will be able to analyse current issues and problems in business and industry from domestic, international and cross-border perspectives.

(LO4) Students will be able to compare, contrast and critically evaluate alternative schools of thought in Industrial Organisation with reference to empirical evidence.

(LO5) Students will be able to conduct competent applied economic research by locating, selecting and analysing information relevant to the study of Industrial Organisation from domestic and global perspectives.

(LO6) Students will be able to communicate effectively in writing and in accordance with a report specification

(S1) Problem solving skills

(S2) Numeracy

(S3) Commercial awareness

(S4) Communication skills

(S5) IT skills

(S6) Ethical awareness


Teaching and Learning Strategies

Teaching Method: Lecture
Description: The lecture programme provides a structured introduction to key topic areas in the module.
Scheduled Directed Student Hours: 24
Attendance Recorded: Yes

Teaching Method: Seminar
Description: Seminars provide an opportunity to consolidate material covered in the lecture and self-directed study and to develop understanding, and critical evaluation of, particular topics covered in the lecture programme. Seminars will be based variously on structures problems, past exam questions, key papers, short case studies and past coursework submissions.
Scheduled Directed Student Hours: 10
Attendance Recorded: Yes

Self-Directed Learning Description: Self-directed learning is based on assigned readings from main and supplementary textbooks, key articles, tutorial preparation, effort on the coursework and revision for the examination.
Self Directed Learning Hours: 116


Syllabus

 

The structure-conduct-performance paradigm;

Traditional oligopoly models;

Entry and exit;

Cartels: theory and evidence;

The economics of product differentiation;
 
Vertical integration and vertical restraints;

Measures of concentration and diversification;

The economics of advertising;

Innovation;

Technology policy.


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.