Year of entry: 2018
Course unit details:
Business Economics IB
|Unit level||Level 2|
|Teaching period(s)||Semester 2|
|Available as a free choice unit?||Yes|
See course Blackboard pages.
|Unit title||Unit code||Requirement type||Description|
|Business Economics 1A||ECON20341||Pre-Requisite||Compulsory|
The aim of this course is to develop an understanding of the economic analysis of the behaviour of firms as business institutions and to introduce students to essential elements of competition policy and regulation.
At the end of this course students should be able to demonstrate their understanding of:
- Welfare implications of different market structures.
- Competition policy and its implementation.
- Different regulatory policies and their implementation.
Lecture 1: Introduction.
Lecture 2-4: Welfare Implications of Monopoly - Oligopoly - Perfect Competition; Price Regulation of Natural Monopoly.
Lectures 5-7: Market Concentration and Collusive Behaviour.
Lectures 8-10: Horizontal Mergers and Vertical Integration.
Lecture 11: Revision/Mock Exam.
Teaching and learning methods
Lectures and tutorial classes.
- Analytical skills
- Applying theoretical knowledge to real-world business case studies and problems.
- Online Assignment 1 - Mid-Term, multiple choice questions (10%).
- Online Assignment 2 - Mid-Term, multiple choice questions (10%).
- Final Exam - multiple choice and short written answers/structured essay (80%).
Students are expected to submit answers to a set of multiple-choice questions (via the course Blackboard site) before each tutorial. Feedback will be provided automatically, and students who fail the test will be expected to submit handwritten answers to tutorial questions before / at the beginning of the respective tutorial, in order to receive feedback and model answers.
Students who fail to pass the test and to hand in the answers will have to contact the TAs during their office hours.
Students will also have an opportunity to attend a revision mock exam session (as part of the final lecture). In addition to generic feedback given in the session, they will then have the opportunity to submit their answers electronically for individual feedback.
No compulsory textbook – optional readings will be provided via Blackboard.
|Scheduled activity hours|
|Assessment written exam||1.5|
|Independent study hours|
|Michal Krol||Unit coordinator|