Market Structure and Strategic Behaviour
Undergraduate: Level 6
Thursday 05 October 2023
Friday 15 December 2023
24 August 2023
Requisites for this module
BA L100SK Economics,
BSC L101SK Economics,
BA 9L11 Management Economics (Including Placement Year),
BA L108 Management Economics,
BA L190 Management Economics (Including Foundation Year),
BA L192 Management Economics (Including Year Abroad),
BSC 5M00 Management Economics (Including Placement Year),
BSC L109 Management Economics,
BSC L191 Management Economics (Including Foundation Year),
BSC L193 Management Economics (Including Year Abroad),
MECNL133 Management Economics,
MECNL134 Management Economics (Including Placement Year),
MECNL135 Management Economics (Including Year Abroad)
This module examines strategic interaction among firms. We focus on understanding how firms make decisions and the implications of those decisions for market outcomes like prices, quantities, the type of products offered, market structure and social welfare.
The module starts with a review of elementary non-cooperative game theory. It then moves on to the analysis of firm behaviour in oligopolistic industries. Throughout the module the emphasis will be on understanding how the theoretical tools can be used to analyse real world issues. The theory will be confronted against empirical evidence, and its implications for competition policy and business strategy will be discussed.
The aim of this module is:
- To give students a good understanding of the main economic forces behind strategic behaviour in oligopolistic markets.
By the end of this module, students will be expected to be able to:
- Appreciate the role of game theory in understanding price and non-price competition among firms.
- Adapt economic models to particular challenges such as business strategy and competition and industrial policy.
No additional information available.
The module will be delivered via:
- One 2-hour lecture per week
- One 1-hour class per week
In one term.
This module does not appear to have a published bibliography for this year.
Assessment items, weightings and deadlines
|Coursework / exam
||Main exam: In-Person, Open Book, 120 minutes during Summer (Main Period)
||Reassessment Main exam: In-Person, Open Book, 120 minutes during September (Reassessment Period)
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Module supervisor and teaching staff
Dr Mikhail Freer, email: email@example.com.
Lectures: Dr Mikhail Freer / Classes: Dr Priyanka Joshi
For further information, send an email message to firstname.lastname@example.org.
Dr Giancarlo Ianulardo
University of Exeter Business School
Lecturer in Economics
Available via Moodle
Of 283 hours, 29 (10.2%) hours available to students:
254 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
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