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 Activities | Lecture | 15 | 1:00 | 15:00 | PiP lectures |
| Scheduled Learning And Teaching Activities | Small group teaching | 3 | 1:00 | 3:00 | PiP seminars |
| Guided Independent Study | Independent study | 1 | 82:00 | 82:00 | Reading, enhancing lecture notes, seminar preparation, revision. |
| Total | 100:00 |
Jointly Taught With
| Code | Title |
|---|---|
| ECO3026 | Industrial 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 Examination | 90 | 1 | A | 100 | Unseen exam |
Exam Pairings
| Module Code | Module Title | Semester | Comment |
|---|---|---|---|
| Industrial Economics and Policy | 1 | N/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 exercises | 1 | M | Seminar 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
- Timetable Website: www.ncl.ac.uk/timetable/
- ECO3099's Timetable