ECON 702 : Industrial Organisation

Business and Economics

2020 Semester One (1203) (15 POINTS)

Course Prescription

Concerned with interdependence of firm behaviour, market structures and implications for consumers and society. Concepts from game theory are introduced and applied to study strategic firm behaviour in a variety of general and more specific market settings; Coverage includes the potential role for public policy with instruments like competition policy, patent policy and the regulation of public utilities such as telecommunication, electricity, water and gas.

Course Overview

Course advice 
A background in microeconomics (at ECON 301 Advanced Microeconomics or equivalent) and industrial organisation (ECON 304 Firms and Markets or equivalent) is highly recommended. Good knowledge of game theory and mathematical economics (at ECON 701 Microeconomic Theory level) is also important for understanding the underlying mechanisms of the various models covered in this course. Please make sure that you are well equipped with the above-recommended knowledge before enrolling in this course. 
Goals of the course
Successful completion of this course enables students 
  • To read and gain a good understanding of the main models and theories in industrial organisation. 
  • To better understand and evaluate market outcomes in a variety of industry settings. 
  • To critically elaborate and summarise both orally and in writing theoretical models, and their findings, which are at the frontier of research in the field. 
  • To acquire the necessary skill-set, key to becoming a competent consultant industry analyst, a policy advisor, or a researcher further specialising in the field. 
  • To pursue further studies in economics and engage in research work on related topics. 

Course Requirements

No pre-requisites or restrictions

Capabilities Developed in this Course

Capability 1: Disciplinary Knowledge and Practice
Capability 2: Critical Thinking
Capability 3: Solution Seeking
Capability 4: Communication and Engagement
Capability 5: Independence and Integrity
Capability 6: Social and Environmental Responsibilities

Learning Outcomes

By the end of this course, students will be able to:
  1. Understand modern theories and recent developments in the field (Capability 1)
  2. Analyse the interdependence of market structures, firm behaviour and market outcomes (Capability 2)
  3. Apply game theory tools to analyse market situations, also those involving vertical relations (Capability 1, 3 and 5.1)
  4. Critically evaluate anti-competitive conduct under different market structures (Capability 2, 4.3 and 5.2)
  5. Acquire basic ideas of competition policy and regulation (Capability 6)
  6. Critically elaborate and effectively present, both orally and in writing, related theoretical models and their findings, at the frontier of research in the field (Capability 2, 4.1, 4.2, 4.3, 5.1, 5.2 and 6)

Assessments

Assessment Type Percentage Classification
Assignments 15% Individual Coursework
In-class Oral Presentation 30% Individual Coursework
In-class Oral Discussion of Others' Presentations 15% Individual Coursework
Written Reports on Selected Topics 40% Individual Coursework
Assessment Type Learning Outcome Addressed
1 2 3 4 5 6
Assignments
In-class Oral Presentation
In-class Oral Discussion of Others' Presentations
Written Reports on Selected Topics

Workload Expectations

This course is a standard 15 point course and students are expected to spend 10 hours per week involved in each 15 point course that they are enrolled in.

For this course, you can expect 3 hours of lectures and 7 hours of reading, thinking, and elaborating the content for the purpose of completing the required coursework. 

Learning Resources

There is no prescribed textbook. The lecture notes will be made available and will be the primary material for the coursework. 

Ad-hoc readings will be suggested in preparation for the live presentations and discussions of selected topics planned for the second half of the semester. 

Digital Resources

Course materials are made available in a learning and collaboration tool called Canvas which also includes reading lists and lecture recordings (where available).

Please remember that the recording of any class on a personal device requires the permission of the instructor.

Academic Integrity

The University of Auckland will not tolerate cheating, or assisting others to cheat, and views cheating in coursework as a serious academic offence. The work that a student submits for grading must be the student's own work, reflecting their learning. Where work from other sources is used, it must be properly acknowledged and referenced. This requirement also applies to sources on the internet. A student's assessed work may be reviewed against online source material using computerised detection mechanisms.

Inclusive Learning

All students are asked to discuss any impairment related requirements privately, face to face and/or in written form with the course coordinator, lecturer or tutor.

Student Disability Services also provides support for students with a wide range of impairments, both visible and invisible, to succeed and excel at the University. For more information and contact details, please visit the Student Disability Services’ website at http://disability.auckland.ac.nz

Special Circumstances

If your ability to complete assessed coursework is affected by illness or other personal circumstances outside of your control, contact a member of teaching staff as soon as possible before the assessment is due.

If your personal circumstances significantly affect your performance, or preparation, for an exam or eligible written test, refer to the University’s aegrotat or compassionate consideration page: https://www.auckland.ac.nz/en/students/academic-information/exams-and-final-results/during-exams/aegrotat-and-compassionate-consideration.html.

This should be done as soon as possible and no later than seven days after the affected test or exam date.

Student Feedback

At the end of every semester students will be invited to give feedback on the course and teaching through a tool called SET or Qualtrics. The lecturers and course co-ordinators will consider all feedback and respond with summaries and actions.

Your feedback helps teachers to improve the course and its delivery for future students.

Class Representatives in each class can take feedback to the department and faculty staff-student consultative committees.

Student Charter and Responsibilities

The Student Charter assumes and acknowledges that students are active participants in the learning process and that they have responsibilities to the institution and the international community of scholars. The University expects that students will act at all times in a way that demonstrates respect for the rights of other students and staff so that the learning environment is both safe and productive. For further information visit Student Charter (https://www.auckland.ac.nz/en/students/forms-policies-and-guidelines/student-policies-and-guidelines/student-charter.html).

Disclaimer

Elements of this outline may be subject to change. The latest information about the course will be available for enrolled students in Canvas.

In this course you may be asked to submit your coursework assessments digitally. The University reserves the right to conduct scheduled tests and examinations for this course online or through the use of computers or other electronic devices. Where tests or examinations are conducted online remote invigilation arrangements may be used. The final decision on the completion mode for a test or examination, and remote invigilation arrangements where applicable, will be advised to students at least 10 days prior to the scheduled date of the assessment, or in the case of an examination when the examination timetable is published.

Published on 19/12/2019 02:07 p.m.