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 316-330 Organisations, Economics and Incentives

Note

Students may not gain credit for this subject and the subject 316-323 Privatisation and Regulation (1998 Handbook).

Credit Points

12.5

Coordinator

Professor S. King

Prerequisites

316-202 Intermediate Microeconomics

Semester

2 (view timetable)

Contact

Two 1-hour lectures and 1-hour tutorial per week

Subject Description

Applications of tools of asymmetric information, incentives, incomplete contracts and organisational design. Specific topics include: compensation and motivation - principles of incentive pay; corporate governance - the economics of executive and management remuneration; ownership and corporate control - the economics of firm size, takeovers and financial structure; ownership and incentives - analysis of asset ownership and privatisation; incentives and regulation - economic principles of firm regulation and the interaction between business and government.

Assessment

A 2-hour end-of-semester exam (80%) and assignments not exceeding 2000 words (20%).

Search : Index : Faculty of Economics and Commerce : Economics
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