Monash University Handbook 2010 Undergraduate, Postgraduate - Unit

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.

Objectives

The learning goals associated with this unit are to:

• be familiar with the modern developments of the theory of industrial organisation
• enhance their knowledge of intermediate microeconomics by incorporating information and endogenous transaction costs into analysis
• undertake theoretical and empirical research in the field of industrial organisation.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Chief examiner(s)

Dyuti Banerjee

Contact hours

3 hours per week

Prerequisites

ECC2830

Prohibitions

ECC5484