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Module code: EC612A
Credits: 7.5
Semester: 2
Department: ECONOMICS,FINANCE & ACCOUNTING
International:

	Overview
	The module explores some of the main models of oligopolistic competition. Based on the insights from these models, inferences will be drawn for competition policy, using the EU competition policy as a point of reference. The principal topics covered will include market definition; market power and welfare; collusion; dominant position; abuse of market power; vertical restraints; entry deterrence and the economics of mergers and acquisition. International aspects of competition policy and economics will also be covered.

Overview

The module explores some of the main models of oligopolistic competition. Based on the insights from these models, inferences will be drawn for competition policy, using the EU competition policy as a point of reference. The principal topics covered will include market definition; market power and welfare; collusion; dominant position; abuse of market power; vertical restraints; entry deterrence and the economics of mergers and acquisition. International aspects of competition policy and economics will also be covered.

	Learning Outcomes
	On successful completion of the module, students should be able to: Discuss the practical usefulness of the �relevant market� concept and various empirical measures of market power. Compare the generic forms of oligopolistic competition. Discuss the feasibility, sustainability and social desirability of collusive behaviour. Analyse strategic behaviour by oligopolisitic firms aimed at deterring potential rivals or at solidifying their position in the market. Discuss how particular contractual relations between firms affect the latter�s profits, rival firms� profits, the consumer and overall welfare. Discuss the occurrence and social desirability of cooperative investment behaviour. Illustrate how trade policy can distort competition. Analyse competition and strategic behaviour in a real-world industry.

Learning Outcomes

Teaching & Learning methods

Assessment

	Autumn Supplementals/Resits
	Are supplemental/resit registrations permitted? Yes Is Supplemental Continuous Assessment registration permitted? No Is Supplemental Continuous Assessment capped? No

	Timetable
	This timetable is not currently available, please contact the Economics,finance & Accounting Department.

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Courses / Module

INDUSTRIAL ORGANISATION