Module Code: EEC7002
- ECTS Credit: 10
- Mandatory/Optional: Mandatory
- Module Coordinator: Prof Tara Mitchell, Prof Francis O'Toole
Aims of Module
(a) The first half of this module will introduce students to a number of applied areas in microeconomics including behavioural economics and development economics.
(b) The second half of this module will focus on Industrial Organisation Theory with a focus on applied topics involving competition policy and regulation.
The module will be delivered through a combination of lectures (18 hours) and tutorials (9 hours). Problems are circulated each week and answers are submitted before the next week's tutorial, at which they are discussed.
On completion of the module students should be able to use economic tools to solve applied microeconomic problems in a number of areas and to use game-theoretic tools to address competition and regulatory issues/problems.
Topics covered in this module include:
- Prospect Theory
- Hyperbolic Discounting
- Financial Markets in Developing Countries
- Property Rights
- Horizontal Mergers: Theory, Policy and Welfare
- Vertically Restrictive Price Agreements: Theory, Policy and Welfare
- Product Differentiation and Welfare
- Exclusivity Agreements and Welfare: Exclusive Purchasing
Assessment for the course is based on weekly problem sets and one 3-hour examination.