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Course Details |
Fees and Dates
| Offered By: |
School of Economics |
| Academic Career: |
Graduate Coursework |
| Course Subject: |
Economics |
| Offered in: |
Second Semester, 2008 |
| Unit Value: |
6 units |
| Course Description: |
The standard competitive model of market structure is simple and clear. However, it does not explain the composition of most industries. Students of industrial organisation depart from the competitive model by analysing the behaviour of firms and its impact on market structure, pricing and profits. This course will start by teaching the tools for studying industrial organisation, namely some basic microeconomic theory and game theory. It then looks at various theories about the organisation of firms and industries, focussing particularly on the strategic interactions amongst firms. Topics include price discrimination, product differentiation, entry barriers, vertical restraints, and the role of information in firm behaviour. An elementary knowledge of calculus used for simple maximisation is assumed. The honours and graduate courses cover these topics at a more advanced level than the pass level course. |
| Learning Outcomes: |
This course provides an in-depth analysis of the theory of industrial organisation. Students will be introduced to the theory of the firms, imperfect competition, oligopoly theory, and other strategic behaviours. Specific topics covered include product differentiation, entry deterrence, and vertical relationship. By the end of the class, students will have good understanding of the relationship between market outcomes, social welfare, and firms' conducts. |
| Workload: |
12 hours per week |
| Course Classification(s): |
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| Areas of Interest: |
Economics |
| Eligibility: |
At least an average of 65% (or equivalent) in the final two years of an Australian undergraduate degree with introductory level courses in Economics, Statistics and Econometrics |
| Programs: |
Graduate Diploma in Applied Economics, Graduate Diploma in Economics, Master of Economic Policy, Master of Applied Economics, Master of International Trade and Economic Relations, Graduate Diploma in Economic Policy, Master of Economics, Master of Environmental and Resource Economics, and Master of Health Economics |
| Other Information: |
For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8038 |
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