Industrial Economics I

• Credit value: 15 credits at Level 7
• Assessment: a two-hour examination (100%)

This option covers a selection of topics in the theory of industrial organisation and implications for policy. The course builds on basic economic microeconomic theory, especially game theory, to analyse alternative forms of market structure, the possibility of collusion between firms, patterns of price discrimination. It analyses the design of auctions and networks. We also cover the design of regulatory and competition policy, including case studies.

Indicative module content

• Oligopoly and collusion
• Price discrimination
• Economics of technology choice
• Auctions
• Advantageous selection
• Networks
• Competition economics
• Price cap regulation
• Cost of capital
• Universal service obligations