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Curricular information is subject to change
On successful completion of this module students should have:
1. An understanding of pricing and quantity setting in different competitive environments.
2. An understanding of strategic actions of firms regarding entry deterrence, collusion, price discrimination, product proliferation.
3. An understanding of the possible need for market intervention and regulation by government.
I Introduction
-Perfect Competition
-Monopoly
II Oligopoly Theory
-Quantity Determination Models
The Cournot-Nash Model (with 2 and n firms)
The Stackelberg Model
-Price Determination Models
The Bertrand Model
The Dominant Firm price leadership Model
-Limited Capacity and Price Competition Model
III Collusion
IV Entry and Pricing Strategy to Deter Entry: Limit Pricing
V Entry and Non-Pricing Strategy to Deter Entry
-Excess Capacity
-Raising the Rival’s Cost
-Learning by Doing
-Product Proliferation
VI Business Practises.
-Product Differentiation
-Price Discrimination
-R&D
-Vertical Integration
Student Effort Type | Hours |
---|---|
Autonomous Student Learning | 100 |
Online Learning | 20 |
Total | 120 |
ECON 20010 Intermediate Microeconomics
Learning Recommendations:A course in quantitative techniques
Description | Timing | Component Scale | % of Final Grade | ||
---|---|---|---|---|---|
Class Test: Online midterm examination to be held during the week 27-30 October. | Week 6 | n/a | Standard conversion grade scale 40% | No | 30 |
Examination: Final exam | 2 hour End of Trimester Exam | No | Standard conversion grade scale 40% | No | 70 |
Resit In | Terminal Exam |
---|---|
Spring | No |
• Group/class feedback, post-assessment
• Self-assessment activities
1. Regular problem sets will be assigned throughout the semester for self-assessment; solutions will be posted on Brightspace. 2. Solutions to midterm examination will be posted on Brightspace within 20 working days from the date of the midterm, and those students who wish to go over their midterm will be given a virtual appointment for individual feedback.