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» ECON309
ECON309: Industrial Organisation |
In standard economic theory, markets exist to allocate and distribute a nation's wealth through the process of exchange. The way in which a society organises these markets and the purposes to which the resulting structures are put, cannot be understood without in turn comprehending the way in which industries are organised within that economy, specifically the contractual arrangements that facilitate economic exchange. The course will analyse markets, firms and government as simply three different institutional or governance structures that serve to accomplish given economic objectives. The issue then becomes not which one should be utilised, but which is the most efficient mix. The actual mix chosen will depend upon the comparative transaction costs of using each one.
| Credit Points: | 3 |
| Contact Hours: | 3 |
| When Offered: |
D1 - Day; Offered in the first half-year
E1 - Evening; Offered in the first half-year
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| Staff Contact: |
Associate Professor Craig Freedman |
| Prerequisites: |
ECON200 and ECON210
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| Corequisites: |
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| NCCWs: |
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| Unit Designations: |
Social Science
Commerce; Economics
| | Assessed As: |
Graded
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| Offered By: |
Department of Economics |
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