Intermediate Business Economics

Business School

College of Social Sciences


Code 23284

Level of study Second Year

Credit value 20

Semester one and two

Module description

This course is concerned with how firms operate strategically in imperfect markets, the economics of technological change regulation and competition. The module will continue the material covered in the first semester on firm behaviour. It will introduce more complicated models, including non-collusive and collusive oligopoly, entry deterrence, research and development as an element of firm’s strategic behaviour, intellectual property protection and innovation in information technology as an element of firm’s competitive advantage. It will also cover aspects of product and labour market regulations, their impact on innovation and competitiveness, financial regulation and the origins of the current crisis.