Hierarchies, Incentives & Firm Structure (ECOS3003)

UNIT OF STUDY

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.

Our courses that offer this unit of study

Further unit of study information

Classes

1x2hr lecture/week, 1x1hr tutorial/fortnight

Assessment

group assignment (25%), Mid-semester test (20%) and 2hr Final exam (55%)

Faculty/department permission required?

No

Unit of study rules

Prerequisites and assumed knowledge

(ECOS2001 or ECON2001) or (ECOS2901 or ECON2901)

Prohibitions

ECON3003, ECOS2306

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.