316-303 Industrial Economics

316-202 Intermediate Microeconomics.

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). The subject is related to Australia but international comparisons, including comparisons with Asian economies, are made where appropriate.

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

To be advised.