ECON3022J

Learning Outcomes:

At the end of the course, the student is capable of:
- Understanding firms’ price and quantity setting behavior in different market structures.
- Understanding firms’ strategic actions to increase their market power.

Indicative Module Content:

Part I | Market structures: market power and welfare analysis

- Perfect Competition
- Monopoly
- Oligopoly
o Cournot model
o Stackelberg model
o Bertrand model

Part II | Firm’s strategies

- Collusion
- Price Discrimination
- Product Differentiation
- Pricing Strategy to Deter Entry: Limit Pricing
- Non-Pricing Strategy to Deter Entry

Student Effort Hours:

Approaches to Teaching and Learning:

This course consists of a combination of lectures, live tutorial discussions, and problems sets for self-practice.

As standard in university-level education, the course lectures, as well as the selected problems that will be discussed in the tutorials, aim to provide a “big picture” guidance for students’ self-study. That is, the lectures and tutorials are not designed to be exhaustive regarding all potential problems and questions that can show up in the exams. This means that students aiming to master the course contents and obtain a good grade need to read the required readings as well as self-practice as many problems as possible. In other words, *students’ self-study is a centerpiece of the course*.

The use of AI for any purpose is not allowed in this module

Requirements, Exclusions and Recommendations

Not applicable to this module.

Module Requisites and Incompatibles

Required:
BDIC1047J - English for Uni Studies BDIC, BDIC1048J - English Gen Acad Purposes BDIC, BDIC2007J - English for Spec Acad Purposes, BDIC2015J - Acad Wrt & Comm Skills

Incompatibles:
ECON30180 - Industrial Economics


 

Assessment Strategy

 

Please see Student Jargon Buster for more information about remediation types and timing. 

Feedback Strategy/Strategies

• Self-assessment activities

How will my Feedback be Delivered?

Feedback: Regular problem sets will be assigned throughout the semester for self-assessment; solutions will be posted on Brightspace and will be explained in detail during tutorials.