Handbook

ECON40007 Industrial Organisation

Credit Points: 12.5
Level: 4 (Undergraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2017:

Semester 2, Parkville - Taught on campus.Show/hide details
Pre-teaching Period Start not applicable
Teaching Period 24-Jul-2017 to 22-Oct-2017
Assessment Period End 17-Nov-2017
Last date to Self-Enrol 04-Aug-2017
Census Date 31-Aug-2017
Last date to Withdraw without fail 22-Sep-2017


Timetable can be viewed here.
For information about these dates, click here.
Time Commitment: Contact Hours: Seminars, or lectures and tutorials totalling three hours per week
Total Time Commitment:

170 Hours

Prerequisites:

Admission into BH-COM or BH-ARTS (Economics) and

Subject
Study Period Commencement:
Credit Points:
Corequisites:

None

Recommended Background Knowledge:

Please refer to Prerequisites and Corequisites.

Non Allowed Subjects:

Students may not gain credit for both ECON40007 Industrial Organisation and ECON90005 Industrial Organisation.

Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

Coordinator

Prof Nisvan Erkal

Contact

n.erkal@unimelb.edu.au

Subject Overview:

This subject provides an overview of selected topics in industrial organization with applications in antitrust and innovation policy. Industrial organization deals with the structure, management, and performance of firms and markets. It is concerned with firm behaviour and strategy, the implications of firm behaviour for economic efficiency, and the role public policy plays in promoting efficiency. The main emphasis will be on theoretical principles although there will be some discussion of empirical approaches. The selection of topics will be organized around key questions in antitrust and innovation policy. The discussion will be guided by practical examples and case studies.

Learning Outcomes:

On successful completion of this subject students should be able to:

  • Explain how firms acquire market power and how they use this market power once acquired;
  • Analyse how competing firms interact strategically;
  • Evaluate the welfare effects of various aspects of firm behaviour;
  • Evaluate the welfare effects of various types of public policy, such as antitrust policy, patent policy, and regulatory policy;
  • Describe the current state of knowledge in the field of industrial organization.
Assessment:
  • Class assignments totalling not more than 4000 words due fortnightly (40%)
  • One 3-hour end-of-semester examination (60%)
  • To pass this subject students must pass the end of semester examination.

Prescribed Texts:

You will be advised of prescribed texts by your lecturer.

Breadth Options:

This subject is not available as a breadth subject.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:
  • High level of development: written communication; problem solving; application of theory to practice; interpretation and analysis; critical thinking.

  • Moderate level of development: use of computer software; accessing data and other information from a range of sources; receptiveness to alternative ideas.

  • Some level of development: oral communication; collaborative learning; team work; statistical reasoning; synthesis of data and other information; evaluation of data and other information.

Related Majors/Minors/Specialisations: Master of Economics electives

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