The aim of this unit is to introduce you to the economic theory of industrial organisation and to consider its application to modern markets. The foundation theories of monopoly and perfect competition are reviewed, and their implications for industrial markets discussed. A brief introduction to game theory is presented, which allows the rigorous analysis of the strategic interaction between oligopolists. The economic forces which drive pricing, merger, entry and exit, advertising and R&D decisions are investigated. The role of regulation and competition policy to enhance efficiency is also considered. The unit can be taken as a third year option in the Bachelor of Economics. It is a compulsory unit within the Business Economics Major in the Bachelor of Business.
|Unit name||Industrial Organisation|
|Faculty/School||College of Business & Economics
Tasmanian School of Business and Economics
|Discipline||Economics and Finance|
|Available as student elective?||Yes|
|Location||Study period||Attendance options||Available to|
- International students
- Domestic students
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|Study Period||Start date||Census date||WW date||End date|
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (see withdrawal dates explained for more information).
Unit census dates currently displaying for 2020 are indicative and subject to change. Finalised census dates for 2020 will be available from the 1st October 2020.
- LO1: Define and interpret key concepts in Industrial Organisation.
- LO2: Utilise the economic way of thinking, as formalized in key theoretical Industrial Organisation models, to analyse competition between firms.
- LO3: Use these economic models to analyse a range of industrial organisation issues, including business decision-making, and government industry policy.
|Band||CSP Student Contribution||Full Fee Paying (domestic)||Field of Education|
|3||2020: $1,394.00||2020: $2,354.00||091901|
Fees for next year will be published in October. The fees above only apply for the year shown.
Please note: international students should refer to this page to get an indicative course cost.
1 x 2 hour lecture, 1 x 1 hour workshop per week. Please check the unit outline for details.
Test (20%), Quizzes (20%), Workshop participation (10%), Final exam 50%).
|Timetable||View the lecture timetable | View the full unit timetable|
Carlton, D. & Perloff, J., 2015, Modern industrial organisation, (International Edition), Global Edition, Pearson Addison-Wesley. ISBN: ISBN 9781292087856
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