Units of Study

ECOS2201 - Economics of Competition and Strategy

Semester 1, 2012  |  Credit Points: 6

Coordinator: Andrew Wait

Description

This unit 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 tests (40%) and 2hr final exam (60%)

Classes

1x2-hr lecture/week and 1x1-hr tutorial/week

Prerequisites

ECON1001 or BUSS1040

Prohibitions

ECON2201, ECOS3005

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