Authorised by Academic Registrar, April 1996
Objectives Drawing on knowledge gained in the common core of multidisciplinary studies, and the principles developed in the first and second year economics, the theoretical framework of the relationship between industry and government is developed. Students will use this to understand the structure, conduct and performance of Australian industry and the reasons for its regulation by the government. Based on the theoretical framework and various case studies, students will develop the ability to form and express opinions concerning the regulation and deregulation debate.
Synopsis The subject covers theories of regulation; industry structure, conduct and performance; restrictive trade practices; consumer protection; trade, tariff and foreign investment policies; regulation of primary industry; deregulation and privatisation.
Assessment Assignment one (2000 words): 35% + Assignment two (1500 words): 25%; Examination (3 hours): 40%