Units of Study

ECOS2201 - Economics of Competition and Strategy

Semester 1, 2011  |  Credit Points: 6

Coordinator: Andrew Wait

Description

This course introduces new and comprehensive methods for the analysis and formation of business strategy. The unit analyses strategies for developing competitive advantages, including product differentiation, cost advantages and product life cycles; implementing incentives, control, firm boundaries, and internal firm decision-making mechanisms; implementing pricing, auction and signalling practices; assessing industry attractiveness and the regulatory/trade practices environment; and managing industry cooperation and conflict. Students are taught a set of tools that they can bring to bear on new problems. Understanding competitive dynamics and strategic thinking are emphasised. Case studies and problem-solving form an important part of the teaching method.

Assessments

2x mid-semester exams (40%), Final Exam (60%)

Classes

1 x 2hr lecture and 1x 1hr tutorial per week

Prerequisites

ECON1001 and ECON1002

Prohibitions

ECON2201, ECOS3005

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