EC943 Industrial Economics Module with Prof. Mike Waterson
"Explore industrial economics with EC943 module led by Professor Mike Waterson. Learn about oligopoly models, entry strategies, product differentiation, consumer information impact, and more. Includes lectures, seminars, problem sets, and exams. Dive into empirical work with selected readings to deepen your understanding."
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Presentation Transcript
MSc Economics Optional Module EC943 Industrial Economics Professor Mike Waterson Module Leader Fridays 1-3pm
Basic Information Term 2 Optional Module worth 18 CATS Pre-requisites: The module will build on some aspects of your knowledge of microeconomics including elementary game theory In addition it assumes some knowledge of econometrics Format: one two-hour lecture per week 2 one hour seminars Assessment: In-seminar problem sets (formative) Two take-home problem sets each worth up to 5% Written exam 2 hours worth up to 90%
Lecture outline 1. Oligopoly Models: strategic behaviour amongst a given set of firms (brief revision) 2. Developments of the basic oligopoly models 3. Modelling entry and concentration- closing the circle 4. Horizontal and vertical product differentiation models 5. Empirical modelling of differentiated product markets and policy implications 6. Information issues- the impact of imperfect consumer information 7. Vertically related markets 8. Cartels, tacit collusion and mergers
Course text and readings 2nd edition 2015 The book covers all the topics to some extent, plus many additional ones. In addition to the textbook, each lecture is accompanied by selected other readings; these particularly focus on empirical work.
