Industrial Economics

  Brief description of aims and content

This module it aims at exposing students:

1. To contemporary issues in the domain of industrial economics with special attention to Africa.
2. To show that there are complexities in our understanding of the relevant market for competition purposes and that there are a number of competing perspectives in industrial economic which make public policy decisions problematic.
3. To introduce students to economic theories used in the analysis of industries;
4. To evaluate these theories in view of empirical evidence;
5. To describe policy implications of these theories and their empirical evaluation.

(ii)               Learning Outcomes

Knowledge and Understandings

1. Having successfully completed the module, students should be able:
2. To demonstrate knowledge and understanding of the well-established basic  principles of industrial economics
3. Identify and analyze elements of industrial  structure  and industrial concentration
4. Explain the role of various implementing  and facilitating agents of industrialization, technological capabilities and strategic industrial and trade policies
5. Explain the impact of African industry in the context of international experiences
6. Apply core economic theory and economic reasoning to applied topics.
7. Show understanding of analytical methods, both theory- and model-based.
8. Demonstrate understanding of verbal, graphical, mathematical and representation of economic ideas and analysis, including the relationship between them.

Skills and Competences

1. Apply mathematical, statistical and graphical techniques in an appropriate   manner
2. Communicate effectively and clearly in written and oral formats

Attitudes

Demonstrate professional ethics in their day to day life.

Reason logically and work analytically to interpret the results of the analysis.