Objectives - Program Description
The MSc in Industrial Economics is designed to provide students with advanced knowledge of economic theories and empirical tools to analyze how firms operate in markets, how industries are structured, and how government policies affect economic outcomes. The program blends microeconomic theory, industrial organization, quantitative analysis, and regulatory policy to prepare graduates for careers in research, industry analysis, competition regulation, consulting, and policy design. This program is especially relevant for students seeking to understand the complexities of modern industrial markets, technological innovation, market power, mergers and acquisitions, pricing strategies, and regulatory oversight in both developed and emerging economies.
Learning Outcomes
Graduates will be able to:
- Apply microeconomic and game-theoretic tools to analyze firm behavior and market structures.
- Evaluate the impact of mergers, collusion, and strategic pricing.
- Assess the effectiveness of competition and regulatory policies.
- Conduct independent research using econometric and quantitative tools.
- Understand the role of innovation and technological change in industrial dynamics.
Program Structure
Duration: 2 years (full-time) or 3–4 years (part-time/online)
Total Credits: 36–42 credit hours
Delivery Mode: Online
Course Structure
Core Courses (24 credits)
Code | Course Title | Description |
|---|---|---|
ECON 601 | Microeconomic Theory | In-depth study of consumer choice, production, and firm behavior. |
ECON 602 | Industrial Organization | Analysis of market structure, firm strategies, and competition. |
ECON 603 | Game Theory and Strategic Behavior | Game-theoretic tools for analyzing firm decisions and strategic interaction. |
ECON 604 | Econometrics | Statistical techniques for empirical research in economics. |
ECON 605 | Antitrust and Competition Policy | Legal and economic aspects of competition law and policy. |
ECON 606 | Economics of Innovation | Role of technological change and R&D in industrial competitiveness. |
ECON 607 | Market Regulation and Public Policy | Theories and practice of market regulation and government intervention. |
ECON 608 | Research Methods in Economics | Qualitative and quantitative research design and analysis in economics. |
General Electives (Choose 3 – 9 credits)
Code | Course Title | Description |
|---|---|---|
ECON 621 | Energy Economics and Policy | Structure and regulation of energy markets and environmental implications. |
ECON 622 | Digital Markets and Platform Economics | Competition, pricing, and regulation in digital and network industries. |
ECON 623 | Behavioral Industrial Economics | Behavioral biases in firm and consumer decision-making. |
ECON 624 | International Trade and Industrial Policy | Trade policy, export competitiveness, and industrialization strategies. |
ECON 625 | Labor Markets and Firm Performance | Labor economics in the context of firm-level productivity and wage structures. |
Electives Focused on Industrial Economics in Developing Countries
- ECON 631 – Industrial Development and Structural Transformation
Description:
Examines the drivers and barriers to industrialization in developing economies, with a focus on structural transformation, diversification, and productivity growth. Includes comparative case studies (e.g., Ethiopia, Vietnam, South Korea).
- ECON 632 – Industrial Policy in Emerging Economies
Description:
Covers tools and strategies governments use to promote industrial development, such as subsidies, tariffs, SEZs, and state-led investment. Analyzes both successful and failed industrial policies in the Global South.
- ECON 633 – Informal Markets and Small Enterprise Economics
Description:
Explores the role of informal markets, small-scale enterprises, and survival entrepreneurship in developing countries, and their implications for productivity, taxation, and formalization strategies.
- ECON 634 – Trade, Global Value Chains, and Industrial Upgrading
Description:
Focuses on how developing countries can integrate into global value chains, move up the production ladder, and increase local value-added through technology transfer and skills development.
- ECON 635 – Institutions, Corruption, and Regulatory Effectiveness
Description:
Studies the impact of weak institutions, corruption, and limited enforcement capacity on competition and market performance. Emphasizes policy design in low-capacity regulatory environments.
- ECON 636 – Energy, Infrastructure, and Industrial Growth
Description:
Analyzes the role of power supply, logistics, and digital infrastructure as binding constraints on industrial development in developing countries, and explores financing and policy solutions.
- ECON 637 – Gender, Labor, and Industrial Participation
Description:
Investigates barriers to labor force participation in industrial sectors for women and marginalized groups, and policy interventions to promote equity and inclusion in developing economies.
Thesis - Research Project (6–9 credits)
Students must complete a research thesis or supervised project on a topic related to industrial economics, regulation, or market dynamics.
Technical Skills Developed
- Economic modeling and simulation
- Applied econometrics (Stata, R, Python)
- Game-theoretic analysis
- Policy impact assessment
- Industry data analysis
Soft Skills Developed
- Research and analytical thinking
- Communication of complex economic concepts
- Policy-oriented writing
- Strategic problem solving
- Ethical reasoning and regulatory awareness
Career Opportunities
Graduates of the MSc in Industrial Economics can pursue roles such as:
- Economic Analyst
- Competition Policy Analyst (e.g., antitrust authority)
- Regulatory Economist
- Strategy Consultant
- Market Analyst (industry or government)
- Research Economist (think tanks, central banks)
- Policy Advisor in ministries of trade, industry, or energy
- Doctoral student in Economics or related fields
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