COMPETITION, MARKET FAILURE AND GOVERNMENT

ECO3CMF

2014

Credit points: 15

Subject outline

This subject complements Consumers, Firms and Competition. Students completing both subjects will have a thorough grounding in markets, indivual behaviour and government responses to a range of market failures. Topics include general equilibrium, welfare economics and market failure, public goods and externalities, risk and decision theory, information asymmetry and contracts, and monopoly.

FacultyFaculty of Business, Economics and Law

Credit points15

Subject Co-ordinatorBuly Cardak

Available to Study Abroad StudentsYes

Subject year levelYear Level 3 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites ECO2CFC or ECO2MIT or ECO2PPA

Co-requisitesN/A

Incompatible subjects ECO3PPB

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsMicroeconomics with Calculus. 2nd edition (TBC)RecommendedBrian R. Binger and Elizabeth HoffmanADDISON WESLEY
ReadingsMicroeconomics with Calculus. 2nd edition (TBC)RecommendedJeffrey M. PerloffPEARSON

Subject options

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Start date between: and    Key dates

Melbourne, 2014, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBuly Cardak

Class requirements

Tutorial Week: 10 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Lecture Week: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.

Assessments

Assessment elementComments%
0ne one hour mid semester exam20
One two hour final exam70
tutorial assessments10