ECC4840

Economics of industry, institution and organisation (6 points)

(BUS)

Leader: Dr Mita Bhattacharya and Dr Zhongmin Wang

Offered:
Clayton First semester 2004 (Day)

Synopsis: Contract, property rights structure, hierachy, bargaining, principal-agent relationship, research and development, advertising, and entry, exit, and pricing strategy. The equilibrium implications of the internal organisations of a firm and the organisational structure of the market in relation to strategic interactions between agents, information problems and related incentive mechanisms. Base game theory and concepts of game equilibrium applied to the analysis of opportunistic behaviour and related transaction costs

Assessment: Written (3000-word essay): 30% + Examination (3 hours): 70%

Contact Hours: Two 1.5 hour lectures per week

Prerequisites: ECC2000 or equivalent or ECC2830