Industrial Dynamics (L1103)
Industrial Dynamics
Module L1103
Module details for 2022/23.
15 credits
FHEQ Level 6
Module Outline
Are there ‘natural laws’ behind how firms behave, compete, and change over time? How do industries evolve? In this module, we uncover the foundations of ‘Industrial Dynamics’ and innovation.
The course will guide students through the basic determinants of industry evolution using stylized facts and empirical evidence. It will cover theory and empirics of market selection, evolution of industries over time, the formation of spinoffs, network industries and digital marketplaces.
At the end of the module, students will be able to understand and model the drivers of industrial change and differences, and their importance to inform policy design and firms’ strategy.
Module learning outcomes
Systematically understand key aspects driving industrial evolution
Determine coherent knowledge at the frontier of the field, in particular fundamental economic mechanisms influencing competition, industrial structure, and innovation
Critically evaluate assumptions and modelling choices in the literature
Develop their own elaboration of current economic dynamics inducing changes at the firm and industry level by combining the module building blocks
| Type | Timing | Weighting |
|---|---|---|
| Essay (1500 words) | Semester 1 Assessment Week 1 Thu 16:00 | 70.00% |
| Coursework | 30.00% | |
| Coursework components. Weighted as shown below. | ||
| Computer Based Exam | T1 Week 7 (1 hour) | 100.00% |
Timing
Submission deadlines may vary for different types of assignment/groups of students.
Weighting
Coursework components (if listed) total 100% of the overall coursework weighting value.
| Term | Method | Duration | Week pattern |
|---|---|---|---|
| Autumn Semester | Lecture | 2 hours | 11111111111 |
| Autumn Semester | Seminar | 2 hours | 01010010101 |
How to read the week pattern
The numbers indicate the weeks of the term and how many events take place each week.
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