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Unit of study_
ECOS2201: Economics of Competition and Strategy
2024 unit information
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.
Unit details and rules
Managing faculty or University school:
Arts and Social Sciences
| Study level | Undergraduate |
|---|---|
| Academic unit | Economics |
| Credit points | 6 |
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Prerequisites:
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ECON1001 or BUSS1040 or ECON1040 |
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Corequisites:
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None |
| Prohibitions:
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ECON2201 or ECOS3005 |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. acquire the necessary skills to design and analyse business strategies
- LO2. develop problem-solving skills
- LO3. develop written communication skills
- LO4. employ technologies effectively in gathering information from written, oral, and electronic sources
- LO5. acquire the ability to manage, analyse, evaluate, and use information efficiently and effectively.
Unit availability
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Modes of attendance (MoA)
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