Monash University Handbook 2011 Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

This unit considers market structures, conduct and performance from the business perspective; economic policy as it affects business, particularly in relation to its dealings with consumers; the variety of approaches to competition and regulation policies from the international perspective; analysis of policies with respect to prices, monopolies, oligopolies and mergers, exclusive dealing, consumer protection and licensing, deregulation and privatisation.

Objectives

The learning goals associated with this unit are to:

1. understand the concepts used in the economic analysis of business and the policy framework within which business operates
2. understand performance, structure and behaviour of different businesses in any market
3. apply models of behaviour to specific cases
4. analyse different structure of businesses in details identifying major policies which might affect their performance and conduct.

Assessment

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

Chief examiner(s)

M. Bhattacharya

Contact hours

3 hours per week

Prerequisites

Students must have passed one of the following: ECF1100, ECG1101, ECW1101 or ECC1000before undertaking this unit.

Prohibitions

ECW3830, ECC3830, ECG3830