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Unit of study_

ECOS3005: Industrial Organisation

This unit of study examines the nature of inter-firm rivalry in industries with market power. It explores the various ways in which firms can increase their market power by: extracting more surplus from consumers, by colluding with rivals or by excluding entrants. The unit also analyses the international competitiveness of industries in the context of industry assistance and the prevalence of foreign multinationals. Competition policy is also discussed.

Code ECOS3005
Academic unit Economics
Credit points 6
Prerequisites:
? 
ECOS2001 or ECOS2901
Corequisites:
? 
None
Prohibitions:
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ECOS2201

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

  • LO1. Understand how markets allocate and generate surplus
  • LO2. Understand the role of the firm in the economic system and analyse what determines the boundaries of a firm
  • LO3. Use economic models to critically analyse the relationship between market structure and market outcomes
  • LO4. Use game theoretic tools to analyse firm strategy concerning output and pricing decisions
  • LO5. Make use of appropriate economic models, analyse firm behaviour in dynamic scenarios (that is, timing of actions is important)
  • LO6. Critically evaluate the role of government in addressing potential market failures and regulating markets.

Unit outlines

Unit outlines will be available 1 week before the first day of teaching for the relevant session.