Industrial Organisation (9546.1)

Availability

Syllabus

This unit surveys major topics and theories in the field of Industrial Organisation. As part of the applied microeconomics structure, Industrial Organisation uses the basic tools of microeconomic theory and game theory to study the structure and behaviour of firms and their strategic interactions with one another in the marketplace. Industrial Organisation also studies the impact that those interactions have on market structure and welfare.

Learning Outcomes

On successful completion of this unit, students will be able to:

1. Identify different theories of the firm;

2. Describe the different market structures under which firms operate, with particular emphasis on concentration and monopoly power as well as oligopoly;

3. Analyse how market structures impact the behaviour of firms;

4. Analyse how market structures impact the behaviour of firms;

5. Identify and compare the anti-competitive pricing strategies that firms adopt under various market structures;

6. Use the theoretical insights presented in this unit to explain observed features of particular markets and industries;

7. Apply knowledge of game theory to understand the strategic behaviour of firms in the market;

8. Determine the factors that influence the firms decision making over time; and

9. Critically analyse the role of the government in regulating industries and the subsequent implications of public regulation.

Contact Hours

150 learning hours in online self-paced mode.

Prerequisites

9518 Foundations of Microeconomics OR 6355 Introduction to Economics

Corequisites

None.

Assumed Knowledge

None.

Incompatible Units

NONE.

Equivalent Units

NO.