MSc Industrial Economics


Attendance
Full Time
Award
Degree of Master of Science



Industrial Economics has been the source of some of the most fertile developments in economic theory in the last 30 years. In particular, interest in game theory and transaction cost economics have grown substantially, and there have been important advances in empirical work to test new theories on the behaviour of firms and industries. The new research is informing policy debates ranging from merger policy to the competitive benefits of European integration.

The MSc Industrial Economics is a research-training course which combines the specialist components of theoretical, empirical and policy analysis in the study of industrial organisation. You will receive intensive research-led training in advanced economic theory, econometrics and research methods, as well as options from a wide range of modules according to your individual career plan.

Overview

Course Detail

Industrial Economics has been the source of some of the most fertile developments in economic theory in the last 30 years. In particular, interest in game theory and transaction cost economics grew substantially due to applications in industrial organisation. More recently, there have been important advances in empirical work to test the new theories and shed light on the behaviour of firms and industries. The new research is informing policy debates ranging from merger policy to the competitive benefits of European integration.  MSc Industrial Economics is a research-training course which combines the specialist components of theoretical, empirical and policy analysis in the study of industrial organisation.  Academics who teach this course include some of the leading experts in the application of industrial organisation to competition policy.

If you choose this course, you will also benefit from close collaboration with research conducted by the Centre for Competition Policy which works at the forefront of policy debates in competition economics at international level, and has senior advisory links with the European Commission, the UK Office of Fair Trade, the UK Competition Commission and the financial and utility regulators. You will be encouraged to attend the Centre's workshops, seminars and conferences and so are able to interact with leading academics and practitioners from across Europe and the United States.  Experimental and Behavioural research is having an increasing influence in Industrial Organisation and you will benefit from access to our Centre for Behavioural and Experimental Social Science.

MSc Industrial Economics fits into our Academic and Professional Programme and is designed to provide intensive research-led training in advanced economic theory, econometrics and research methods, as well as a particular speciality. It is suitable for those with a good undergraduate degree (equivalent to 2:1 or 1st) that contains a substantial component of economics or who have a Graduate Diploma in Economics.

This course is ideal for those who aim to gain employment as professional economists in government, financial institutions, business, commerce, industry, international agencies and other similar organisations. It is also suitable for those seeking eventual PhD enrolment and/or an academic career as a lecturer in Economics. Many of our former PhD students now hold academic posts as lecturers in University departments both in the UK and overseas.

Course Structure

You will study compulsory modules in applied econometrics, econometric theory and industrial economics. You will also have the opportunity to write a dissertation on a topic of your own choice, supervised by an academic from the School.

For further details of the modules currently on offer, please see the Course Profile tab.

Assessment

Assessment will be carried out through combinations of coursework and exams. You will also write a dissertation on a topic of your choice, supervised individually by an academic from the School.

Course Modules

Students must study the following modules for 180 credits:

Name Code Credits

APPLIED ECONOMETRICS

This module builds on the econometric theory of earlier courses: ECO-7000A, ECO-7009A and ECO-7002A. It attempts to place the theoretical ideas of those modules in the context of current applied analysis. The module is divided into five main parts: data issues and distribution theory time series econometrics, estimation of systems of equations, microeconomics, and panel data models. There is an emphasis on the practical application of common estimation techniques, with the specialist econometric software package STATA being used extensively. These skills are assessed in an applied project at the end of the course.

ECO-7001B

20

ECONOMETRIC THEORY

This is an advanced module in econometric theory, aimed at students with some prior knowledge of econometrics. Using matrix algebra, the multiple regression model is analysed, and the theory of estimation and hypothesis testing is developed in this context. Violations of the basic assumptions of the multiple regression model, such as heteroscedasticity, serial correlation, misspecification and measurement error, are analysed from a theoretical perspective. Finally, dynamic models and models of expectations are covered. The specialist econometric software package STATA plays a role, but with a much greater emphasis on techniques than on results.

ECO-7002A

20

ECONOMIC THEORY I

This is an advanced module in microeconomic theory, designed for postgraduate students with a strong background in economics. The topics covered in this module include the duality approach to demand theory, firm theory, general equilibrium theory, game theory, choice under uncertainty, agency theory and the economics of asymmetric information. The rational-choice foundations of microeconomics are also critically examined.

ECO-7003A

20

ECONOMIC THEORY II

IN TAKING THIS MODULE YOU CANNOT TAKE ECO-M032 IT IS RECOMMENDED THAT STUDENTS TAKE ECO-M005 IN THE AUTUMN SEMESTER. This module provides training in modern macroeconomic theory. The main topics include macroeconomic growth, international convergence, fiscal policy, intergenerational transfers, investment theory, and open-economy applications. The discussion follows the dynamic general equilibrium framework, which represents the macroeconomy as an intertemporal model where firms, households, and the government are forward-looking agents pursuing their objectives over time. This module bridges the gap between traditional static models and modern dynamic theories by investigating the microeconomic foundations of aggregate relationships and the role of time in economic decisions. For each topic, the lectures present a benchmark model and provide a summary of the empirical evidence and/or other quantitative applications of the theory.

ECO-7019B

20

ECONOMICS DISSERTATION (60 CREDITS)

All students taking the ECO MSc degrees in Economics, Environmental Economics, Experimental Economics, Industrial Economics, Finance and Economics, Media Economics, International Business Finance and Economics and International Business, and Economics and International Relations, are required to submit a dissertation. This module prepares students to write a dissertation of a length and technical complexity as specified in their Course Guide, on a topic approved by the Course Director or other authorised person.

ECO-7023X

60

INDUSTRIAL ECONOMICS I

This module begins by looking at some advanced topics in monopoly behaviour, before investigating how firms interact in markets. The latter is the core material of industrial organisation theory, and we develop the game theoretic approaches to oligopoly pricing, product differentiation, and strategic investment. Applying these core ideas, we investigate topics such as strategic entry deterrence mergers, 2-sided markets, RandD, patents and vertical relationships including exclusive dealing, other restraints and rebates. Although this is essentially a module in applied microeconomic theory, emphasis is placed on empirical relevance, testability and policy analysis.

ECO-7006A

20

INDUSTRIAL ECONOMICS II

BEFORE TAKING THIS MODULE YOU MUST TAKE ECO-M011 (INDUSTRIAL ECONOMICS I) This is a graduate-level module in industrial economics, designed for students with a strong prior background in economics. It investigates a number of empirical topics in industrial organisation and competition policy, building on the theoretical insights provided by Industrial Economics I. Topics include collusion, predatory behaviour, price discrimination, bundling, product differentiation, vertical restraints, mergers and merger simulation, entry and industrial concentration and effectiveness of competition policy.

ECO-7005B

20

Disclaimer

Whilst the University will make every effort to offer the modules listed, changes may sometimes be made arising from the annual monitoring, review and update of modules and regular (five-yearly) review of course programmes. Where this activity leads to significant (but not minor) changes to programmes and their constituent modules, there will normally be prior consultation of students and others. It is also possible that the University may not be able to offer a module for reasons outside of its control, such as the illness of a member of staff or sabbatical leave. Where this is the case, the University will endeavour to inform students.

Entry Requirements

  • Degree Subject Economics
  • Degree Classification 2.1 or equivalent

Entry Requirement

Applicants should normally have a good first degree from a recognised higher education institution. The University will also take into account the employment experience of applicants where relevant.

It is normal for undergraduate students to apply for entry to postgraduate programmes in their final year of study. Applicants who have not yet been awarded a degree may be offered a place conditional on their attaining a particular class of degree.

Students for whom English is a Foreign language

We welcome applications from students whose first language is not English. To ensure such students benefit from postgraduate study, we require evidence of proficiency in English. Our usual entry requirements are as follows:

  • IELTS: 6.5 (minimum 6.0 in all components)
  • PTE (Pearson): 62 (minimum 55 in all components)

Test dates should be within two years of the course start date.

Other tests, including Cambridge English exams and the Trinity Integrated Skills in English are also accepted by the university. The full list of accepted tests can be found here: Accepted English Language Tests

INTO UEA run pre-sessional courses which can be taken prior to the start of your course. For further information and to see if you qualify please contact intopre-sessional@uea.ac.uk (INTO UEA Norwich)

Special Entry Requirements

September Pre-Sessional Courses

The School of Economics runs an intensive course in Mathematics and Statistics for Economists in the fortnight preceding the Masters programme in September. The course incorporates the techniques of calculus and matrix algebra; in addition, students are introduced to the econometric software package which will be used in their MSc programme. This course is compulsory and will run from 12th September 2016 - 23rd September 2016.

Fees and Funding

Fees for the academic year 2016/17 are:

  • UK/EU Students: £7,365
  • International Students: £14,715

NB: Fees listed are inclusive of the compulsory 2-week pre-sessional Mathematics and Statistics for Economists course.

International applicants from outside the EU may need to pay a deposit.

Living Expenses

Approximately £9,135 living expenses will be needed to adequately support yourself.

Scholarships and Funding

A variety of Scholarships may be offered to UK/EU and International students. Scholarships are normally awarded to students on the basis of academic merit and are usually for the duration of the period of study. Please click here for more detailed information about funding for prospective Economics students.

How to Apply

Applications for Postgraduate Taught programmes at the University of East Anglia should be made directly to the University.

You can apply online, or by downloading the application form.

Further Information

To request further information & to be kept up to date with news & events please use our online enquiry form.

If you would like to discuss your individual circumstances prior to applying please do contact us:

Postgraduate Admissions Office
Tel: +44 (0)1603 591515
Email: admissions@uea.ac.uk

International candidates are also encouraged to access the International Students section of our website.

    Next Steps

    Need to know more? Take a look at these pages to discover more about Postgraduate opportunities at UEA…

    We can’t wait to hear from you. Just pop any questions about this course into the form below and our enquiries team will answer as soon as they can.

    Admissions enquiries:
    admissions@uea.ac.uk or
    telephone +44 (0)1603 591515