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 Miss K Narita
Economics
K.Narita@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 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   6

       12

6

12

 36
Timetable (if known)   60 mins X 1 totaling 6
  		      60 mins X 1 totaling 6
60 mins X 1 totaling 12
  		 
Private Study 114
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 1: 10 weekly quizzes associated with tutorials. Assessment Type: Coursework Weighting: 5% x 10 = 50% Reassessment Opportunity: Yes Penalty for Late Submission: As work will be di  10 weekly quizzes    50       
Assessment 2: Individual Report Assessment Type: Coursework Size: 2000 words Weighting: 50% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies An  -2000 words    50       

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: Asynchronous online Learning Materials
Unscheduled Directed Student Hours: 12
Attendance Recorded: No

Teaching Method: Large Group Teaching
Scheduled Directed Student Horus: 12
Attendance Recorded: Yes

Teaching Method: Seminar
Scheduled Directed Student Hours: 6
Attendance Recorded: Yes

Teaching Method: Group Study
Description: Bi-weekly 1 hour session to foster student community and engagement by working with others on their ‘active learning’ activities
Scheduled Directed Student Hours: 6
Attendance Recorded: Yes

Self Directed Learning Hours: 114
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 continuous assessment.

Skills/Other Attributes Mapping

Skills / attributes: Ethical awareness
How this is devel oped: In judging welfare outcomes of particular firm behaviours
Mode of assessment (if applicable)

Skills / attributes: IT skills
How this is developed: Ability to research effectively on the web and to produce effective reports using Word and Excel
Mode of assessment (if applicable): Coursework

Skills / attributes: Communication skills
How this is developed: Written communication skills
Mode of assessment (if applicable): Coursework

Skills / attributes: Commercial awareness
How this is developed: Lectures
Mode of assessment (if applicable): Coursework

Skills / attributes: Numeracy
How this is developed: Lectures, seminars
Mode of assessment (if applicable): Coursework

Skills / attributes: Problem solving skills
How this is developed: Lectures, seminars
Mode of assessment (if applicable):

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.