Module Catalogue

ECO3099 : Industrial Economics and Policy (Study Abroad Sem 1)

  • Offered for Year: 2024/25
  • Available for Study Abroad and Exchange students, subject to proof of pre-requisite knowledge.
  • Module Leader(s): Dr Jonathan Jones
  • Lecturer: Professor John Sessions
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus
Semesters

Your programme is made up of credits, the total differs on programme to programme.

Semester 1 Credit Value: 10
ECTS Credits: 5.0
European Credit Transfer System

Aims

1. To develop the ability of students to apply tools of modern microeconomics to examine the reasons for the existence of firms, the diversity of their forms, the way they interact and how government policy influences this.
2. To develop an understanding of the role of strategic interaction and information in shaping firms and market structure.

This module will provide students with an introduction to a branch of economic thought that evolved as an offshoot from standard microeconomic theory. The aim of industrial economics is to give a clearer understanding of the real-world causes and effects of various market structures on the choices of firms in terms of their performance. The course builds upon the tools learnt in intermediary microeconomics and covers issues such as market concentration, oligopoly and collusion. The course employs a mix of theoretical analysis, empirical investigation and real life case studies.

Outline Of Syllabus

The ability to apply analytical reasoning to problems of industrial economics and policy: concepts relating to firm decision-making skills and strategic thinking (information, firm strategies, outcomes and uncertainty); understanding of markets and associated efficiency considerations; policy implications and reflections; numeracy, problem-solving and statistical skills. All skills form part of summative assessment.

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture151:0015:00PiP lectures
Scheduled Learning And Teaching ActivitiesSmall group teaching31:003:00PiP seminars
Guided Independent StudyIndependent study182:0082:00Reading, enhancing lecture notes, seminar preparation, revision.
Total100:00
Jointly Taught With
Code Title
ECO3026Industrial Economics and Policy
Teaching Rationale And Relationship

1. Lectures introduce the material by providing an in-depth survey of current issues in Industrial Economics.
2. Seminars give students the opportunity to review and solve problems in small groups with the seminar leader.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Exams
Description Length Semester When Set Percentage Comment
Written Examination901A100Unseen exam
Exam Pairings
Module Code Module Title Semester Comment
Industrial Economics and Policy1N/A
Formative Assessments

Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.

Description Semester When Set Comment
Prob solv exercises1MSeminar questions provided
Assessment Rationale And Relationship

Exam is the standard tool for examining theoretical material under time constraints. The exam tests students ability to tackle problems in industrial Economics and understanding of the implications. It is the appropriate way of assessing theoretical knowledge. Alternative examination of 24 hour online take-home exam in the event of in-person assessments not taking place.

Reading Lists

Timetable