ECW3830 - Business, competition and regulation

There is a more recent version of this academic item available.

Overview

This unit considers market structures, conduct and performance from the business perspective; economic policy as it affects business, particularly in relation to its dealings with consumers; the variety of approaches to competition and regulation policies from the international perspective; analysis of policies with respect to prices, monopolies, oligopolies and mergers, … For more content click the Read More button below.

This unit considers market structures, conduct and performance from the business perspective; economic policy as it affects business, particularly in relation to its dealings with consumers; the variety of approaches to competition and regulation policies from the international perspective; analysis of policies with respect to prices, monopolies, oligopolies and mergers, exclusive dealing, consumer protection and licensing, deregulation and privatisation.

Offerings

S1-01-MALAYSIA-ON-CAMPUS

Requisites

Prerequisite

Prohibition

Contacts

Chief Examiner(s)

Dr Lilian Chan

Learning outcomes

On successful completion of this unit, you should be able to:

recognise differences in market structures and understand how those differences affect firms' competitive behaviour and performance

understand how and why competition causes changes in market structures by way of mergers, acquisitions, vertical integration and diversification

explain the economic rationale for competitive weapons utilised by business in contemporary competitive environment, such as barriers to entry, pricing and advertising strategies, product differentiation, and innovation

explain the rationale for regulation and merits of different theories of regulation

explain the arguments for and against privatisation

understand the main features of national competition policies in the countries of particular interest to Monash University in Australia and overseas

critically evaluate attempts to increase competition in particular industries, e.g. aviation, electricity and telecommunications, where there are ongoing reforms.

Assessment

1 - Within semester assessment

2 - Examination

Workload requirements

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Learning resources

Required resources