Overview
This unit will deepen your knowledge of the behaviour of firms. You will apply economic tools to analyse production and cost as well as managerial decision making in different market structures. The unit will expand your understanding of the differences between perfect and imperfect competition. In addition, the unit will … For more content click the Read More button below.
Offerings
S1-01-CAULFIELD-ON-CAMPUS
S2-01-CAULFIELD-ON-CAMPUS
Requisites
Prerequisite
Prohibition
Rules
Enrolment Rule
Contacts
Chief Examiner(s)
Associate Professor He-Ling Shi
Dr Wenli Cheng
Learning outcomes
On successful completion of this unit, you should be able to:
1.
analyse decision-making by producers
2.
understand decision making in game-theoretic set ups
3.
understand and explain the relevant factors behind risk analysis and risk management
4.
analyse production and cost decisions
5.
analyse and critically evaluate policies designed to affect individual behaviour and market outcomes.
Teaching approach
Active learning
Assessment
1 - Within semester assessment
2 - Examination
Scheduled and non-scheduled teaching activities
Lectures
Tutorials
Workload requirements
Workload
Other unit costs
Costs are indicative and subject to change.
Electronics, calculators and tools: $40