EC31510

Module Identifier	EC31510
Module Title	MARKET ANALYSIS
Academic Year	2000/2001
Co-ordinator	Mr Dennis Thomas
Semester	Semester 2
Pre-Requisite	EC10120 or EC10510
Co-Requisite	EC31310
Mutually Exclusive	EC30110 , EC30230
Course delivery	Lecture	16 Hours
	Seminars / Tutorials	6 Hours Classes
Assessment	Exam	1.5 Hours	100%
	End of semester assessment	1 Hours Class test internally timetabled outside examination period

Aims
This Semester 2 module is the second of two second year courses which build on the basic Principles of Economics module taught at Level One. It treats the economic analysis of a firm's decisions within different market structure contexts, particularly in terms of the number and nature of firms and the inter-relationships between them, and also extends the analysis of factors introduced in EC31310.

Learning outcomes
On completing the module students will:

understand the meaning of competitive product markets and their implications
understand why monopoly and dominant firms exist, be able to analyse their behaviour and appreciate the associated costs and benefits
understand the motives for collusive behaviour between firms, and the factors which can encourage/discourage collusive arrangements
be able to employ basic game theory to treat strategic behaviour within an oligopolistic industry
understand the implications of product differentiation for competitive behaviour between firms
understand the basic theory of factor input markets

Module outline
The current year's module outline can be found via The School's website

Reading Lists
Books
N Gregory Mankiw. (1998) Principles of Economics. The Dryden Press
D Brewster. (1997) Business Economics: Decision-making and the Firm. The Dryden Press
R Stead, P Curwen and K Lawler. (1996) Industrial Economics; Theory, Applications and Policy. McGraw Hill