16072 Industry Economics6cp; block
Requisite(s): 16466 Built Environment Economics AND 16633 Microeconomics for Property
These requisites may not apply to students in certain courses.
There are course requisites for this subject. See access conditions.
This is an elective subject for undergraduate built environment students, delivered in block mode. The subject explores the relationship between the behaviour of firms and the industry and markets they compete in, and provides students with an understanding of industry structure and firm conduct. The strategic behaviour of firms toward rivals and customers starts with cost and pricing, but also includes product choice, investment decisions, marketing and contracting. The subject looks at why different industries are more or less competitive, how the behaviour of firms differs across industries, and how and why activities are organised, both inside and outside firms. Topics covered include economies of scale and scope, decision making under uncertainty, auctions and incentives.
The subject's approach is based on students solving problems, and puts emphasis on issues in industry and business, and the topics covered are also applicable to non-profits and public organisations. Students connect economics to decisions made by firms, rather than just learn models. The subject enhances students' professional practice through problem-based learning exercises such as case studies and group discussions. Students prepare for the class days by viewing videos, doing readings and completing online tests. This knowledge is then applied to a range of issues and questions during the class.
Spring session, City campus
Detailed subject description.
Information to assist with determining the applicable fee type can be found at Understanding fees.
- Commonwealth-supported students: view subject fees at Fees Search: Commonwealth-supported
- Postgraduate domestic fee-paying students: fees are charged according to the course enrolled in; refer to Domestic Fees Search: Postgraduate and Research
- International students: fees are charged according to the course enrolled in; refer to International Fees Search
- Subject EFTSL: 0.125