Industrial Economics I

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

In this module we cover a selection of topics in the theory of industrial organisation and implications for policy. We will build on basic economic microeconomic theory, especially game theory, to analyse alternative forms of market structure, the possibility of collusion between firms, and patterns of price discrimination. We will then analyse the design of auctions and networks and also look at the design of regulatory and competition policy, including case studies.

Indicative syllabus

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