Third year module
Lecturer: Toby Kendall
The course applies concepts from microeconomic theory to help understand industrial structure (especially oligopoly) and the theory of the firm.
By the end of the module students should be able to: understand and apply formal models of firm and industry behaviour; understand relevant concepts from game theory such as strategic complements and entry deterrence, or product choice and be able to apply them to problems such as predatory pricing or the strategic use of capacity.
2 hr written examination 80%, coursework 20%