The dissertation is, in essence, an individual research project. It will be supervised by a faculty member, but the main objective is to assess the...

MRes Economics Research Project (ECON0119)

The dissertation is, in essence, an individual research project. It will be supervised by a faculty member, but the main objective is to assess the students' self-reliance and capacity for independent research, in preparation for the subsequent PhD years. As such, the overwhelming majority of the work on that project can be classified as "independent study".

The dissertation is a preliminary research towards the first chapter of a PhD dissertation (and the upgrade seminar which takes place at the end of the MPhil year). We will expect original / innovative content, expecting the student to develop a clear understanding of the literature and gaps in it. Some students might plausibly also use it, in part, to review various data sets for their thesis, for example. In any case, we hope this allows most students to start their MPhil year with a sound research basis to build upon.

Aims: The aim of the module is to provide you with a framework for understanding modern issues in the theory of industrial organisation, in particular firm...

Economics of Competition Policy (ECON0025)

Aims: The aim of the module is to provide you with a framework for understanding modern issues in the theory of industrial organisation, in particular firm behaviour and the welfare implications of such behaviour in imperfectly competitive markets.

Suitable for: Final year Economics (L100 / L101 / L102), Econ/Geog (LL17), Phil/Econ (VL51) and PPE (4V86) students and any other combined-studies degree students who have already taken ECON0013 (or equivalent). Final year Econ/Stats (LG13) and Math/Econ (G1L1/G1LC) students who have already taken STAT0001 should note that it may be possible to take this module but they are advised that a knowledge of the full STAT0001 syllabus will be assumed. If you are not sure if you have the required prerequisites for the course please contact the course tutor to discuss.

Prerequisites: ECON0013: Microeconomics (or equivalent).

Assumed knowledge: Students coming into the course should understand concepts relating to monopoly, oligopoly and monopolistic competition. They should be able to calculate profit-maximising and welfare-maximising outcomes in monopoly, Cournot and Bertrand models. They should understand supply and demand, particulary elasticities and drivers of shifts in supply and demand curves. They should have a good understanding of basic game theory (eg, best response functions, Nash equilibria, two-period games).

There will be formative assessments during the term that students are required to complete 70% of to be able to engage with the assessments