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.
Faculty: Faculty of Business, Economics and Law
Credit points: 15
Subject Co-ordinator: Buly Cardak
Available to Study Abroad Students: Yes
Subject year level: Year Level 3 - UG
Exchange Students: Yes
Subject particulars
Subject rules
Prerequisites: ECO2CFC or ECO2MIT or ECO2PPA
Co-requisites: N/A
Incompatible subjects: ECO3PPB
Equivalent subjects: N/A
Special conditions: N/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Microeconomics with Calculus. 2nd edition (TBC) | Recommended | Brian R. Binger and Elizabeth Hoffman | ADDISON WESLEY |
| Readings | Microeconomics with Calculus. 2nd edition (TBC) | Recommended | Jeffrey M. Perloff | PEARSON |
Melbourne, 2014, Semester 1, Day
Overview
Online enrolment: Yes
Maximum enrolment size: N/A
Enrolment information:
Subject Instance Co-ordinator: Buly Cardak
Class requirements
TutorialWeek: 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.
LectureWeek: 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 element | Comments | % |
|---|---|---|
| 0ne one hour mid semester exam | 20 | |
| One two hour final exam | 70 | |
| tutorial assessments | 10 |