Overview

This unit will deepen your knowledge of the behaviour of the firm. You will apply economic tools to analyse production, cost and other managerial decisions in different market structures. The unit will help you understand different forms of market competition, and introduce you to game theory and risk analysis.

Offerings

S1-01-CAULFIELD-FLEXIBLE
S2-01-CAULFIELD-FLEXIBLE

Rules

Enrolment Rule

Contacts

Chief Examiner(s)

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
Problem-based learning
Research activities

Assessment

1 - Within semester assessment
2 - Examination

Scheduled and non-scheduled teaching activities

Seminars
Tutorials
Workshops

Workload requirements

Workload