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Unit of study_

ECOS2201: Economics of Competition and Strategy

This unit introduces new and comprehensive methods for the analysis and formation of business strategy. The unit analyses strategies for developing competitive advantages, including product differentiation, cost advantages and product life cycles; implementing incentives, control, firm boundaries, and internal firm decision-making mechanisms; implementing pricing, auction and signalling practices; assessing industry attractiveness and the regulatory/trade practices environment; and managing industry cooperation and conflict. Students are taught a set of tools that they can bring to bear on new problems. Understanding competitive dynamics and strategic thinking are emphasised. Case studies and problem-solving form an important part of the teaching method.

Details

Academic unit Economics
Unit code ECOS2201
Unit name Economics of Competition and Strategy
Session, year
? 
Semester 2, 2020
Attendance mode Normal day
Location Camperdown/Darlington, Sydney
Credit points 6

Enrolment rules

Prohibitions
? 
ECON2201 or ECOS3005
Prerequisites
? 
ECON1001 or BUSS1040 or ECON1040
Corequisites
? 
None
Available to study abroad and exchange students

Yes

Teaching staff and contact details

Coordinator Suraj Prasad, suraj.prasad@sydney.edu.au
Lecturer(s) Suraj Prasad , suraj.prasad@sydney.edu.au
Type Description Weight Due Length
Final exam (Open book) Type C final exam Final exam
Multiple Choice and Short Answers
50% Formal exam period 2 hours
Outcomes assessed: LO1 LO2 LO3 LO4 LO5
In-semester test (Open book) Type C in-semester exam Mid-semester exam
Multiple Choice and Short Answers
35% Week 07
Due date: 16 Oct 2020 at 15:00
2 hours
Outcomes assessed: LO1 LO5 LO4 LO3 LO2
Assignment Assignment
Assignment
15% Week 13
Due date: 07 Nov 2020 at 15:00

Closing date: 07 Nov 2020
1000 word equivalent.
Outcomes assessed: LO1 LO2 LO3 LO4 LO5
Type C final exam = Type C final exam ?
Type C in-semester exam = Type C in-semester exam ?

Detailed information for each assessment can be found on Canvas.

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a High distinction indicates work of an exceptional standard, a Distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name

Mark range

Description

High distinction

85 - 100

 

Distinction

75 - 84

 

Credit

65 - 74

 

Pass

50 - 64

 

Fail

0 - 49

When you don’t meet the learning outcomes of the unit to a satisfactory standard.

For more information see sydney.edu.au/students/guide-to-grades

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

  • Deduction of 5% of the maximum mark for each calendar day after the due date.
  • After ten calendar days late, a mark of zero will be awarded.

Special consideration

If you experience short-term circumstances beyond your control, such as illness, injury or misadventure or if you have essential commitments which impact your preparation or performance in an assessment, you may be eligible for special consideration or special arrangements.

Academic integrity

The Current Student website provides information on academic honesty, academic dishonesty, and the resources available to all students.

The University expects students and staff to act ethically and honestly and will treat all allegations of academic dishonesty or plagiarism seriously.

We use similarity detection software to detect potential instances of plagiarism or other forms of academic dishonesty. If such matches indicate evidence of plagiarism or other forms of dishonesty, your teacher is required to report your work for further investigation.

WK Topic Learning activity Learning outcomes
Week 01 Incentives: basic model Lecture and tutorial (3 hr) LO1 LO2 LO3 LO4 LO5
Week 02 Incentives: multitasking Lecture and tutorial (3 hr) LO1 LO2 LO3 LO4 LO5
Week 03 Incentives: relational contracts Lecture and tutorial (3 hr) LO1 LO2 LO3 LO4 LO5
Week 04 Incentives: other issues Lecture and tutorial (3 hr) LO1 LO2 LO3 LO4 LO5
Week 05 Incentives: other issues Lecture and tutorial (3 hr) LO1 LO2 LO3 LO4 LO5
Week 06 Boundaries of the Firm Lecture and tutorial (3 hr) LO1 LO2 LO3 LO4 LO5
Week 08 Competition and pricing Lecture and tutorial (3 hr) LO1 LO2 LO3 LO4 LO5
Week 09 Product differentitation Lecture and tutorial (3 hr) LO1 LO2 LO3 LO4 LO5
Week 10 Price discrimination Lecture and tutorial (3 hr) LO1 LO2 LO3 LO4 LO5
Week 11 Signalling Lecture and tutorial (3 hr) LO1 LO2 LO3 LO4 LO5
Week 12 Bargaining and Autions Lecture and tutorial (3 hr) LO1 LO2 LO3 LO4 LO5

Attendance and class requirements

  • Attendance: According to Faculty Board Resolutions, students in the Faculty of Arts and Social Sciences are expected to attend 90% of their classes. If you attend less than 50% of classes, regardless of the reasons, you may be referred to the Examiner’s Board. The Examiner’s Board will decide whether you should pass or fail the unit of study if your attendance falls below this threshold.
  • Lecture recording: Most lectures (in recording-equipped venues) will be recorded and may be made available to students on the LMS. However, you should not rely on lecture recording to substitute your classroom learning experience.
  • Preparation: Students should commit to spend approximately three hours’ preparation time (reading, studying, homework, essays, etc.) for every hour of scheduled instruction.

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

Textbook: You are not required to purchase a text book for the course. We will be drawing on the following online resources.

 

Robert Gibbons, Lecture Notes 1 to 4: (http://web.mit.edu/rgibbons/www/)

 

Canice Prendergast, Contracting in Firms: (http://faculty.chicagobooth.edu/canice.prendergast/research/)

 

R. Preston McAfee, Competitive Solutions: The Strategist’s Toolkit, PUP, Princeton, New Jersey, 2002. (electronic version available in the library).

 

Another useful book is;

 

John Roberts, The Modern Firm, Oxford University Press (2004). Our focus will be mainly on Chapter 4 which will be on electronic reserve.

 

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University’s graduate qualities and are assessed as part of the curriculum.

At the completion of this unit, you should be able to:

  • LO1. acquire the necessary skills to design and analyse business strategies
  • LO2. develop problem solving skills.
  • LO3. develop written communication skills
  • LO4. employ technologies effectively in gathering information from written, oral, and electronic sources
  • LO5. acquire the ability to manage, analyse, evaluate and use information efficiently and effectively

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1 Depth of disciplinary expertise

Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.

GQ2 Critical thinking and problem solving

Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.

GQ3 Oral and written communication

Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.

GQ4 Information and digital literacy

Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.

GQ5 Inventiveness

Generating novel ideas and solutions.

GQ6 Cultural competence

Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.

GQ7 Interdisciplinary effectiveness

Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.

GQ8 Integrated professional, ethical, and personal identity

An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.

GQ9 Influence

Engaging others in a process, idea or vision.

Outcome map

Learning outcomes Graduate qualities
GQ1 GQ2 GQ3 GQ4 GQ5 GQ6 GQ7 GQ8 GQ9
No changes have been made since this unit was last offered.

Disclaimer

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