LUBS1220 Economics of Industry
10 Credits Class Size: 250
Module manager: Dr Martin Carter
Email: mjc@lubs.leeds.ac.uk
Taught: Semester 2 (Jan to Jun) View Timetable
Year running
2006/07
Co-requisites
LUBS1940 Economics for Management or LUBS1950 Economic Theory & Applications 1.
This module is approved as an Elective
Module summary
This module introduces the power of the analytical approach of economics for understanding the industrial and business environment.
Further information about the Business School is available on the website: <a href= " http://lubswww.leeds.ac.uk/undergraduate/index.php?id=64"target=_blank">Business School</a>
Objectives
To provide an introduction to the industrial and business environment using the analytical approach of economics. On completion students will be: familiar with the basic economic concepts relevant to manufacturing enterprise; able to apply these to simple representative business problems and compare basic theory with business practice; able to identify the structure of an industrial market and analyse the effects of that structure on the performance of firms and the actions of firms in response to competition in the industry; and will understand the basic principles of finance for manufacturing investment.
Syllabus
the economic analysis of production processes and costs; the firm and the market; product demand and the firm's revenue; the profit maximising price and pricing decisions in practice; competitive, monopolist and oligopolistic market structures; strategic price and non-price competition; investment decisions; and case study analysis.
Teaching Methods
Lectures: 10 x 1 hour; Tutorials: 5 x 1 hour
Private study
For each 10 credits of study taken, the expectation is that the normal study time (including attendance at lectures and tutorials, self-study and revision) is 100 hours.
Opportunities for Formative Feedback
Provisional marks and feedback on coursework will be provided. The general criteria for awarding marks in the assessments are included in the handboook.
Reading List
Check the module area in Minerva for your reading list
Last updated: 08/08/2007
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