COMPETITION, MARKET FAILURE AND GOVERNMENT
Credit points: 15
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
Subject Co-ordinatorBuly Cardak
Available to Study Abroad StudentsYes
Subject year levelYear Level 3 - UG
Prerequisites ECO2CFC or ECO2MIT or ECO2PPA
Incompatible subjects ECO3PPB
|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|
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Melbourne, 2014, Semester 1, Day
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorBuly Cardak
One 1.0 hours tutorial per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
|0ne one hour mid semester exam||20|
|One two hour final exam||70|