Industrial Economics III: Market Structure and Competition Policy
| Code | School | Level | Credits | Semesters |
| BUSI3193 | Nottingham University Business School China | 3 | 20 | Autumn China |
- Code
- BUSI3193
- School
- Nottingham University Business School China
- Level
- 3
- Credits
- 20
- Semesters
- Autumn China
Summary
PRE-REQUISITE
Please note that for this module, the following pre-requisite applies:
BUSI2182 Industrial Economics II: Pricing and Decision Making
(Please ignore Requisites: N/A below)
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.
Re-assessment format is decided by the school.
Target Students
Available to Part II students with the required pre-requisite Industrial Economics II: Pricing and Decision Making
Classes
- One 1-hour seminar each week for 4 weeks
- Two 1-hour-30-minute lectures each week for 11 weeks
Assessment
- 40% Coursework 1: 3000 words group Coursework
- 60% Exam 1 (2-hour): 2 Hour EXAM
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
- 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.
- 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.
- 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.
- 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 Bruno DESCHAMPS