Monash University Handbook 2010 Undergraduate - Unit

Synopsis

Economic policy as it affects business, particularly in relation to its dealings with consumers, and with emphasis on Australian industry and regulation; analysis of policies with respect to prices, monopolies, oligopolies and mergers, exclusive dealing, consumer protection and licensing, corporatisation, privatisation and deregulation; criteria for efficient industry and efficient industry policy; methods for the practical analysis of the performance of industries.

Objectives

The learning goals associated with this unit are to:

• explain the basis for competition and rationale for regulation, and the basis of different theories of regulation
• explain the arguments for and against privatisation
• understand the main features of National Competition Policy in Australia, including its impact on segments of society such as rural Australia
• understand the variety of approaches to competition policies from the international perspective
• critically evaluate attempts to increase competition in particular industries, such as aviation, electricity, telecommunications and other relevant industries, where there are ongoing reforms.

Assessment

Within semester assessment: 30%
Examination (2 hours): 70%

Chief examiner(s)

Paola Labrecciosa

Contact hours

3 hours per week

Prerequisites

ECC1000 and ECC1100

Prohibitions

ECC4383, ECX3900