| CODE | ECN4197 | |||||||||
| TITLE | Industrial Economics | |||||||||
| UM LEVEL | 04 - Years 4, 5 in Modular UG or PG Cert Course | |||||||||
| MQF LEVEL | 6 | |||||||||
| ECTS CREDITS | 4 | |||||||||
| DEPARTMENT | Economics | |||||||||
| DESCRIPTION | The study-unit deals with the economic analysis of industry and attempts to describe satisfactory explanations of the ways in which economic forces operate within the industrial sector. The study-unit covers the applications of micro-economic theory to the analysis of firms, markets and industries. Central to this branch of economics is the "Structure-Conduct-Performance" paradigm and its reformulations. The unit will also cover industrial policy and competition policy aspects relating to Malta within the EU context. Study-unit Aims: - Understanding of key concepts related to industrial economics. - Application of key concepts to real-life situations, including reference to local and international markets. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to understand the following key concepts/ topics: - Rationale behind the Industrial Economics field; - The Structure-Conduct-Performance Paradigm; - The Firm and Corporate Growth; - Market Concentration; - Diversification, Merger and Innovation; - Pricing and Advertising; - Monopolies, and Issues related to State or Private Control; - Foundations of Industrial Policy, and Industrial Policy in Practice; - Competition Policy. 2. Skills: By the end of the study-unit the student will be able to: - Understanding and interpreting economic situations emerging from economic reports and studies; - Application of key concepts to real-life situations, including reference to local and international markets. Main Text/s and any supplementary readings: (Any one of the following textbooks may be considered.) - John Lipczynski, John Wilson and John Goddard, Industrial Organisation: An analysis of competitive markets. - Paul Ferguson and Glenys Ferguson, Industrial Economics . - Ken Heather, The Economics of Industries and Firms. |
|||||||||
| STUDY-UNIT TYPE | Lecture | |||||||||
| METHOD OF ASSESSMENT |
|
|||||||||
| LECTURER/S | Christopher Meilak Charmaine Portelli (Co-ord.) |
|||||||||
|
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
||||||||||