Offered
Caulfield First semester 2008 (Evening)
Synopsis
Australia, especially Victoria, has been in the forefront of microeconomic reform. This subject focuses on that experience: structural shifts in demand and production costs; the nature of imperfect markets; how, when and why markets fail; the roles of government in a deregulated environment; the role of competitive strategies and game theory; the experience of special markets, for example energy. Professionals in domestic and international organisations will find this subject an aid to the formulation of strategies.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
Prohibitions
ECF4100
