Economics of Competition and Strategy (ECOS2201)

UNIT OF STUDY

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.

Further unit of study information

Classes

1x2hr lecture/week and 1x1hr tutorial/week

Assessment

2xMid-semester tests (40%) and 2hr Final exam (60%)

Faculty/department permission required?

No

Unit of study rules

Prerequisites and assumed knowledge

ECON1001 or BUSS1040

Prohibitions

ECON2201, ECOS3005

Study this unit outside a degree

Non-award/non-degree study

If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.

Cross-institutional study

If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.