Hobart
This unit has been discontinued.
Introduction
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.
Summary 2020
| Unit name | Industrial Organisation |
|---|---|
| Unit code | BEA305 |
| Credit points | 12.5 |
| Faculty/School | College of Business & Economics Tasmanian School of Business and Economics |
| Discipline | Economics and Finance |
| Coordinator | |
| Level | Advanced |
| Available as student elective? | Yes |
| Breadth Unit? | No |
Availability
Note
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TNE Program units special approval requirements.
* 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).
Learning Outcomes
| LO1 | Define and interpret key concepts in Industrial Organisation. |
| LO2 | Utilise the economic way of thinking, as formalized in key theoretical Industrial Organisaton 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. |
Fees
Requisites
Prerequisites
BEA200.
Co-requisites
N/A
Mutual Exclusions
You cannot enrol in this unit as well as the following:
N/A
Teaching
| Teaching Pattern | Please see the unit outline for details. |
|---|---|
| Assessment | Problem Sets (60%), Take Home Exam (40%). |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required | Please see the unit outline for details. |
|---|
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