ECONOMICS OF COMPETITION AND REGULATION POLICY - 2021/2

Module code: ECO3061

Module Overview

Economics of Competition and Regulation Policy is a microeconomics course concerned with the performance of markets and the strategic behaviour of firms. The course draws on the fields of industrial organization and market design and focuses on imperfect competition, co-operation between firms, and common regulations such as anti-trust laws. This is a theory-based optional module for third year BSc students. The aim of the module is to provide a solid understanding of some of the core economic models of imperfect competition and to help students understand the challenges involved with designing and structuring markets.

Module provider

Economics

Module Leader

WALKER-JONES David (Economics)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 6

JACs code:

Module cap (Maximum number of students): N/A

Overall student workload

Workshop Hours: 11

Independent Learning Hours: 106

Guided Learning: 11

Captured Content: 22

Module Availability

Semester 2

Prerequisites / Co-requisites

n/a

Module content

Indicative content includes:

*Competition Policy

*Regulatory Policy Making and Impact

Given the current and topical nature of this module, a specific weekly content plan will be provided in the first lecture.

Assessment pattern

Assessment type Unit of assessment Weighting
Online Scheduled Summative Class Test Midterm Test 40
Examination Online Final Examination 60

Alternative Assessment

n/a

Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate: Their understanding of important topics within economics of competition and regulation policy; the ability to explain and critically evaluate empirical evidence on these topics. Thus, the summative assessment for this module consists of:

Students are assessed by coursework and final examination.
-The coursework will include a written assignment to be submitted around mid-term. Worth 40% of the final mark.
-The final examination will off a choice of short and long answer questions. Worth 60% of the final mark.

The coursework and examination will enable students to demonstrate their knowledge; their ability to critically evaluate empirical findings; their ability to apply their knowledge in a real-word context. Formative assessment and feedback. Students will receive verbal feedback during the term. Students will receive written feedback on their coursework assessment before the end of term. They will also be given examples of the type of questions that may come up in the final exam throughout the Semester.

Module aims

  • provide students with a working knowledge of current thinking in regulation and competition policy and its application to business strategy.

Learning outcomes

Attributes Developed
001 Solve for optimal firm behaviour in strategic environments, including, where necessary differentiating, integrating and algebraically manipulating complex mathematical expressions. KCPT
002 Present technical arguments in a clear form. KCPT
003 Understand the real world behaviour of firms and the strategic environments they face. KCPT
004 Assess the welfare consequences of different competition structures, and suggest remedies for restoring the social optimum. KCPT

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Methods of Teaching / Learning

The learning and teaching strategy is designed to:

-Enhance students ability to analyse independently topics within economics of competition and regulation policy
-Enhance students skills in evaluating competition policies and effectively communicate these evaluations in verbal and written form.

The learning and teaching methods include:
-1 hour lecture per week x 11 weeks
-1 hour seminar per week x 11 weeks

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list

https://readinglists.surrey.ac.uk
Upon accessing the reading list, please search for the module using the module code: ECO3061

Other information

n/a

Programmes this module appears in

Programme Semester Classification Qualifying conditions
Business Economics BSc (Hons) 2 Optional A 40% weighted aggregate with one or more units of assessments having to be passed at 40% is required to pass the module
Economics and Finance BSc (Hons) 2 Optional A 40% weighted aggregate with one or more units of assessments having to be passed at 40% is required to pass the module

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2021/2 academic year.