Programme Summary and Regulations 2011-2012 - EMFSS individual courses (Old Regulations)

Table of Contents

1. University of London International Programmes Regulations for the provision of individual courses in the fields of Economics, Management, Finance and the Social Sciences
2. Important information regarding the Programme Summary and Regulations
3. Summary of provision for individual courses
4. Detailed Regulations for the provision of individual courses
5. Annex A - Individual courses
6. Annex B - Syllabuses for Economics, Management, Finance and the Social Sciences
   1. AC1025 Principles of accounting
   2. AC3059 Financial management
   3. AC3091 Financial reporting
   4. AC3093 Auditing and assurance
   5. AC3097 Management accounting
   6. AC3143 Valuation and securities analysis
   7. DV1171 Introduction to international development
   8. DV2135 World development
   9. DV2169 Economic policy analysis in international development
   10. DV3044 Economics of development
   11. DV3162 Complex emergencies and humanitarian responses
   12. DV3165 Development management
   13. DV3166 Global environmental problems and politics
   14. EC1002 Introduction to economics
   15. EC2020 Elements of econometrics
   16. EC2065 Macroeconomics
   17. EC2066 Microeconomics
   18. EC2096 Economic history in the 20th century
   19. EC3015 Economics of labour
   20. EC3016 International economics
   21. EC3022 Public economics
   22. EC3099 Industrial economics
   23. EC3115 Monetary economics
   24. EC3120 Mathematical economics
   25. FN1024 Principles of banking and finance
   26. FN2029 Financial intermediation
   27. FN3023 Investment management
   28. FN3092 Corporate finance
   29. FN3142 Quantitative finance
   30. GY1009 Human geography
   31. GY1147 Physical geography: fundamentals of the physical environment
   32. GY1148 Methods of geographical analysis (half course)
   33. GY2109 Geographies of development
   34. GY2149 Biogeography
   35. GY2150 Geomorphological processes
   36. GY2151 Environmental change
   37. GY2152 Hydrology
   38. GY2164 Economic geography
   39. GY3068 Society and the environment
   40. GY3153 Space and culture
   41. GY3154 Geomorphological applications
   42. GY3155 Biodiversity
   43. GY3156 Tropical land management
   44. GY3157 Independent geographical study
   45. IR1011 Introduction to international relations
   46. IR1034 World history since 1917
   47. IR2084 Nationalism and international relations
   48. IR2085 International institutions
   49. IR2137 Foreign policy analysis
   50. IR3026 International political economy
   51. IR3083 International political theory
   52. IR3090 International politics of East Asia
   53. IR3140 Security and international relations
   54. IS1060 Introduction to information systems
   55. IS1129 Introduction to programming (half course)
   56. IS1168 Introduction to computer systems architecture and programming
   57. IS2062 Information systems development and management
   58. IS2136 Information systems and organisations
   59. IS2138 Information and communication technologies: principles and perspectives
   60. IS3139 Software engineering: theory and application
   61. IS3159 Research project in information systems
   62. IS3167 Management and Innovation of e-business
   63. MN1107 Introduction to business and management
   64. MN2079 Elements of social and applied psychology
   65. MN3027 The law of business organisations
   66. MN3028 Managerial economics
   67. MN3032 Management science methods
   68. MN3075 Human resource management
   69. MN3077 Management: international and comparative perspectives
   70. MN3119 Strategy
   71. MN3127 Organisation theory: an interdisciplinary approach
   72. MN3141 Principles of marketing
   73. MT105A Mathematics 1 (half course)
   74. MT105B Mathematics 2 (half course)
   75. MT1173 Algebra
   76. MT1174 Calculus
   77. MT2076 Management mathematics
   78. MT2116 Abstract mathematics
   79. MT2117 Advanced calculus (half course)
   80. MT2118 Advanced linear algebra (half course)
   81. MT3040 Game theory (half course)
   82. MT3041 Advanced mathematical analysis (half course)
   83. MT3042 Optimisation theory (half course)
   84. MT3043 Mathematics of finance and valuation (half course)
   85. MT3095 Further mathematics for economists
   86. MT3170 Discrete mathematics and algebra
   87. PS1114 Democratic politics and the State
   88. PS1130 Introduction to modern political thought
   89. PS2082 Comparative politics
   90. PS3086 Democracy and democratisation
   91. PS3088 Politics and policies of the European Union
   92. PS3105 Contemporary political theory: liberalism and its critics
   93. PS3108 Political analysis and public choice
   94. SC1021 Principles of sociology
   95. SC1158 Reading social science (half course)
   96. SC2145 Social research methods
   97. SC2163 Sociological theory and analysis
   98. SC3055 Sociology of development
   99. SC3057 Social policy
   100. SC3144 Historical sociology
   101. SC3160 Population and society
   102. ST104A Statistics 1 (half course)
   103. ST104B Statistics 2 (half course)
   104. ST3133 Advanced statistics: distribution theory (half course)
   105. ST3134 Advanced statistics: statistical inference (half course)
7. Annex C: Assessment Criteria
8. Glossary of terms
9. Related documents and other sources of information
10. Corrections

EC3099 Industrial economics

Prerequisites (applies to degree students only)

MN3028 Managerial economics or EC2066 Microeconomics.

Syllabus

Theory of the firm.

Size and structure of firms: the technological view of the firm; the transaction costs-property rights approach; investment specificity, incomplete contracts and vertical integration; empirical evidence.

Separation of ownership and control: separation of ownership and control; managerial incentives; the limits to managerial discretion; foundations of the profit-maximisation hypothesis.

Firm conduct and market structure.

Short-run price competition: the Bertrand model; Bertrand competition with capacity constraints; the Cournot model.

Dynamic price competition: repeated interaction; collusion and cartel stability; theories of price wars; empirical analysis of market power and collusive behaviour.

Entry deterrence and entry accommodation: first-mover advantages and the value of irreversible decisions; strategies to deter entry; strategic substitutability vs. complementarity; a taxonomy of business strategies.

Product differentiation and non-price competition: horizontal product differentiation; brand proliferation and entry deterrence; vertical product differentiation.

Price discrimination: first-degree, second-degree and third-degree price discrimination; non-linear pricing; tie-in sales.

Vertical restraints: efficiency explanations for vertical restraints; vertical and horizontal externalities; vertical restraints as instruments that restrict competition; empirical evidence.

The determinants of market structure: theory of market structure in exogenous and endogenous sunk cost industries; technology and market structure; empirical evidence.

Competition policy and regulation.

Competition and industrial policy: competition policy in the EU, the USA and Japan; current issues in competition policy; industrial policy towards R&D.

Regulation: regulation of firms with market power under symmetric information; regulation under asymmetric information; liberalisation and regulation; empirical evidence.