NQF credits: 14
Fourth year status‚ second semester‚ one double lecture per week.
Course Convenor : Malcolm Keswell
Entrance requirements: See admission requirements for Honours in Economics.
The course will introduce the main concepts of Industrial Economics and Competition Policy with a particular emphasize on Network Industries. This is fundamental to those students interested in working as economists for the regulators‚ antitrust authorities‚ economic consulting firms or any other firms which may be involved in regulated activities. The topics will be introduced using game theoretical models of imperfect competition. We will discuss many examples of how the economic theories of Industrial Economics are applied in practice in Competition Policy and Regulation and the use of empirical methods for this purpose. The main topics covered will be: 1. Introduction to Industrial Economics and Competition Policy 2. Monopoly and models of imperfect competition 3. Market definition 4. Tacit and explicit collusion 5. Horizontal mergers 6. Vertical relations and restraints 7. Regulation of network industries The class will require some knowledge of microeconomic theory‚ theory of the firm and game theory. However‚ I will try to make the class self contained‚ that is‚ when there is need to understand a theoretical or mathematical construct‚ we will study that before and then apply it to the particular economic problem.
DP requirements: None.
Assessment: Assignments‚ tests and examination count 100%.
Last updated : 15 Jul 2015
Staff Members on this course :
A/Prof Malcolm Keswell