ECC4840 - Economics of industry, institution and organisation

Leader: Dr Dyuti Banerjee

Offered

Clayton Second semester 2007 (Day)

Synopsis

Theories of the firm, contract, property rights structure, market structure, hierarchy, bargaining, principal-agent relationship, research and development, advertising, and entry, exit, and pricing strategy. The equilibrium implications of the internal organisation of a firm and the organisational structure of the market in relation to strategic interactions between agents, information problems and related incentive mechanisms. Basic game theory and concepts of game equilibrium applied to the analysis of opportunistic behaviour and related transactions costs.

Assessment

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

Contact hours

Three contact hours per week

Prerequisites

ECC2000 or equivalent or ECC2830