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.
Further unit of study information
1x2hr lecture/week, 1x1hr tutorial/fortnight
group assignment (25%), Mid-semester test (20%) and 2hr Final exam (55%)
Faculty/department permission required?
Unit of study rules
Prerequisites and assumed knowledge
ECOS2001 or ECON2001 or ECOS2901 or ECON2901
ECON3003 or ECOS2306
Study this unit outside a degree
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.
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.