IE3: Market Structure and Competition Policy
| Code | School | Level | Credits | Semesters |
| BUSI3164 | Nottingham University Business School | 3 | 20 | Autumn Malaysia |
- Code
- BUSI3164
- School
- Nottingham University Business School
- Level
- 3
- Credits
- 20
- Semesters
- Autumn Malaysia
Summary
This module covers the two broad areas of market structure and competition policy. Topics covered include the measurement and determinants of market concentration, links between market structure and industrial/firm performance, advertising and R&D in the context of industrial economics, public policy on inter-firm agreements and restrictive practices, abuse of monopoly power and merger control.
Target Students
Available to Part II Business School and Applied Psychology students only with the required pre-requisite BUSI2164 Industrial Economics 2: Economics of Pricing and Decision Making.
Classes
- One 1-hour seminar each week for 4 weeks
- One 2-hour lecture each week for 12 weeks
Assessment
- 30% Coursework 1: One 2500 words group coursework
- 20% Coursework 2: One 1000 words individual coursework
- 50% Exam (1-hour-30-minute): One 1.5-hour examination
Assessed by end of autumn semester
Educational Aims
To familiarise students with the basic concepts and tools that have been developed for the analysis of firms and industries and to facilitate their application. To develop an understanding of the main issues relating to competition policy and to apply economic reasoning in a critical manner to competition policy cases.Learning Outcomes
Knowledge and understanding
This module develops a knowledge and understanding of:
- The applications of economics. To discover how to apply relevant economic principles and reasoning to a variety of applied topics, in particular in the fields of industrial organisation and managerial economics.
- Understanding of distinctive economic theories, interpretations and modelling approaches, and their competent use.
- Economic policy with an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.
- Ability to apply core economic theory and economic reasoning to applied topics.
Intellectual skills
This module develops:
- The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions.
- Conceptual and critical thinking, analysis, synthesis and evaluation.
Professional practical skills
This module develops:
- Numeracy and quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena.
- People management, to include communications, team building, leadership and motivating others.
Transferable (key) skills
This module develops:
- Self-management and a readiness to accept responsibility and flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time.
- An awareness of the interpersonal skills of effective listening, negotiating, persuasion and presentation and their use in generating business contacts.
- Articulating and effectively explaining information.
Conveners
- Dr Hway Boon Ong