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Unit information: Empirical Industrial Organisation in 2021/22

Unit name Empirical Industrial Organisation
Unit code EFIMM0097
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Dr. Alessandro Iaria
Open unit status Not open
Pre-requisites

ECONM1010 Microeconomics, ECONM1022 Econometrics

Co-requisites

Nil

School/department School of Economics
Faculty Faculty of Social Sciences and Law

Description including Unit Aims

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The aim of this unit is to provide a hands-on introduction to the toolkit of the empirical industrial economist: the focus will mostly be on “doing things” by combining individual- and firm-level data and computer programming for the economic modelling of consumer and firm behaviour in the marketplace.

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Companies such as Google and Amazon, consulting firms, and competition authorities employ techniques developed in the field of empirical industrial organisation to enhance their understanding of the markets they operate in, to make more informed profit-maximizing decisions, and to design welfare-improving market regulations. This course guides students in the transition from the theory of econometrics and industrial economics to their practice in the real world.

Intended Learning Outcomes

At the end of the course, students will be able to:

1) Synthesise and critically assess economic theory and econometric methods in order to translate models of industrial economics into statistical models.

2) Estimate models of industrial economics using the appropriate software.

3) Generate counterfactual economic predictions in industrial economics.

4) Evaluate and interpret empirical results and predictions to make policy and market recommendations.

Teaching Information

Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities

Assessment Information

Coursework

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIMM0097).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.

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