COMPETITION AND MARKET FAILURE
ECO3CMF
2021
Credit points: 15
Subject outline
In Competition, Market Failure and Government you will study advanced models of markets, individual behaviour and government responses to a range of market failures. Using a mathematical approach, we will cover topics including general equilibrium, welfare economics and market failure, public goods and externalities, risk and decision theory, information asymmetry and contracts, and monopoly and market structure. You will build your technical expertise and understanding of important economic concepts through lecture examples and tutorial problem sets, providing you experience in solving models and problems that explain equilibrium in a diverse range of settings, accounting for individual behaviour and social welfare. This subject will prepare you to analyse policy problems facing individuals, firms and governments.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorBuly Cardak
Available to Study Abroad/Exchange StudentsYes
Subject year levelYear Level 3 - UG
Available as ElectiveNo
Learning ActivitiesLectures, tutorials, prescribed reading, class discussion
Capstone subjectNo
Subject particulars
Subject rules
PrerequisitesECO2CFC OR ECO2PPA OR ECO2MIT
Co-requisitesN/A
Incompatible subjectsECO3PPB
Equivalent subjectsN/A
Quota Management StrategyN/A
Quota-conditions or rulesN/A
Special conditionsN/A
Minimum credit point requirementN/A
Assumed knowledgeN/A
Learning resources
Microeconomics with Calculus
Resource TypeBook
Resource RequirementRecommended
AuthorJeffrey M. Perloff
YearN/A
Edition/Volume4th edition
PublisherPEARSON
ISBNN/A
Chapter/article titleN/A
Chapter/issueN/A
URLN/A
Other descriptionN/A
Source locationN/A
Career Ready
Career-focusedNo
Work-based learningNo
Self sourced or Uni sourcedN/A
Entire subject or partial subjectN/A
Total hours/days requiredN/A
Location of WBL activity (region)N/A
WBL addtional requirementsN/A
Graduate capabilities & intended learning outcomes
Graduate Capabilities
Intended Learning Outcomes
Subject options
Select to view your study options…
Melbourne (Bundoora), 2021, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Subject Instance Co-ordinatorBuly Cardak
Class requirements
LectureWeek: 10 - 22
One 2.00 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
TutorialWeek: 11 - 22
One 1.00 hour tutorial per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.
Assessments
Assessment element | Category | Contribution | Hurdle | % | ILO* |
---|---|---|---|---|---|
One 1 hour mid semester exam Equivalent to 1000 words | Other written exam | Individual | No | 20 | SILO1, SILO2 |
One 2 hour final exam Equivalent to 2000 words | Central exam | Individual | No | 50 | SILO1, SILO2, SILO3, SILO4 |
Tutorial assessments (500 word equivalent) | Other | Individual | No | 10 | SILO1, SILO2, SILO3, SILO4 |
Assignment (1000 words) | Assignment | Individual | No | 20 | SILO3, SILO4 |