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 316-303 Industrial Economics

Credit Points

12.5

HECS Band

2

Coordinator

Mr A Gunther

Prerequisites

316-202 Intermediate Microeconomics.

Semester

2 (view timetable)

Contact

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

Subject Description

Topics include the economic behaviour of industries, markets and firms, including: output and pricing decisions, and advertising; development of economic theories and their use (with relevant evidence) to explain the behaviour of firms and to predict the consequences of that behaviour for the welfare of society; microeconomic reform and the question of whether the government should 'intervene' in industry, with a critical study of current government policy towards industry (its policy in relation to monopolies and restrictive practices, research and development, tariffs, prices and foreign investment); and a detailed study of at least one major industry. The subject is related to Australia but international comparisons, including comparisons with Asian economies, are made where appropriate.

Assessment

A 2-hour examination (70%); an essay of approximately 2000 words (23%); and a class paper of approximately 8 minutes length (7%).

Prescribed Texts

  • Carlton and Perloff, Modern Industrial Organization. Addison Wesley Longman, 3rd ed.


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Status:                   Official 2001
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