Course Details

Country: United Kingdom
Course Title: Industrial Economics
Course Number: EC3023
Course Description: On completion of this module, successful students will be able to: - Analyse the importance of the strategic interaction framework as a basis for explaining the behaviour of firms. - Define the factors that influence the size and nature of firms and the markets they compete in. - Explain the motivating factors for diversification and the various formats this can take. - Define the theory and evidence behind entry and exit strategies. - Critically evaluate the factors responsible for generating and sustaining competitive advantage. - Demonstrate how verbal reasoning, elementary algebra, elementarycalculus, diagrammatic analysis, and basic game theory can be used to understand firms' interaction and industry outcomes.
Language: English
Approved Equivalent: ECON 370
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