Units of Study

ECOS3003 - Hierarchies, Incentives & Firm Structure

Semester 2, 2011  |  Credit Points: 6

Coordinator: Andrew Wait

Description

This unit deals with the coordination and motivation problems faced by firms. More specifically this unit examines: whether firms use price or command mechanisms to allocate resources within firms; the problems associated with designing incentive contracts; the principles of efficient contract design and; the real world applications of those principles. The final section deals with the manner in which the coordination and motivation problems faced by firms determines their financial, vertical and horizontal structure.

Assessments

1 x group assignment (25%), 1 x mid-semester exam (20%), final exam (55%)

Classes

One 2 hour lecture per week and one additional hour per fortnight

Prerequisites

Either (ECOS2001 or ECON2001) or (ECOS2901 or ECON2901)

Prohibitions

ECON3003, ECOS2306

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