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
Requisites
Prerequisite
Prohibition
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