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Industrial Organisation (9546.1)

Level: Undergraduate Third Year Level
Credit Points: 3
HECS Bands: 2, 3
Faculty: Faculty of Business, Government & Law
Discipline: School of Government & Policy

Availability

    Syllabus

    This unit surveys major topics and theories in the field of Industrial Organisation. As part of the applied microeconomics structure, Industrial Organisation uses the basic tools of microeconomic theory and game theory to study the structure and behaviour of firms and their strategic interactions with one another in the marketplace. Industrial Organisation also studies the impact that those interactions have on market structure and welfare.

    Learning Outcomes

    On successful completion of this unit, students will be able to:

    1. Identify different theories of the firm;

    2. Describe the different market structures under which firms operate, with particular emphasis on concentration and monopoly power as well as oligopoly;

    3. Analyse how market structures impact the behaviour of firms;

    4. Analyse how market structures impact the behaviour of firms;

    5. Identify and compare the anti-competitive pricing strategies that firms adopt under various market structures;

    6. Use the theoretical insights presented in this unit to explain observed features of particular markets and industries;

    7. Apply knowledge of game theory to understand the strategic behaviour of firms in the market;

    8. Determine the factors that influence the firms decision making over time; and

    9. Critically analyse the role of the government in regulating industries and the subsequent implications of public regulation.

    Contact Hours

    150 learning hours in online self-paced mode.

    Prerequisites

    9518 Foundations of Microeconomics OR 6355 Introduction to Economics

    Corequisites

    None.

    Assumed Knowledge

    None.

    Incompatible Units

    NONE.

    Equivalent Units

    NO.



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